AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Jammu and Kashmir and Ladakh High Court has upheld the rejection of a bid, ruling that the MSME relaxation circular does not confer any enforceable rights to tenderers.
SEBI has resolved issues related to a breach of continuing interest obligation by an Alternative Investment Fund (AIF) following unequal investor drawdowns, with a settlement amount of ₹10.87 lakh.
Partners Vidyut Gulati and Anubhuti Agrawal from Shardul Amarchand Mangaldas have resigned to accept in-house legal positions at Cairn India and Hilton respectively, marking a significant transition in their careers.
Vidyut Gulati is set to transition from Shardul Amarchand Mangaldas to become General Counsel at Cairn India, bringing a wealth of experience to the role.
Vidyut Gulati has transitioned from her role as General Counsel at Cairn India to join Bharti Enterprises as Director of Legal. Her extensive experience positions her to lead legal matters for the corporation.
Leading legal experts discussed vital questions for defence manufacturers under India's regulatory framework. The insights cover licensing, procurement, and compliance issues critical for investors and manufacturers.
The RBI announced the results of the Overnight Variable Rate Reverse Repo (VRRR) auction held on August 19, 2026, with ₹1,50,000 crore notified amount and a cutoff rate of 5.24%. The total accepted amount was ₹1,25,825 crore.
In response to liquidity conditions, the RBI will hold a Second Overnight Variable Rate Reverse Repo (VRRR) auction totaling ₹50,000 crore on August 20, 2026. The auction aims to absorb excess liquidity in the banking system.
The Reserve Bank of India will conduct an underwriting auction for the sale of government securities amounting to ₹28,000 crore on August 21, 2026. This move aims to bolster the government's borrowing program and manage liquidity in the market.
The DGFT has updated the import policy for clear float glass, setting a Minimum Import Price (MIP), allowing free imports at CIF values of INR 34,000 or more per MT for one year. This policy aims to regulate the glass import market.
The Calcutta Stock Exchange's exit application remains under SEBI's review with no formal decision yet. Compliance requirements must be met for potential revival.
SEBI has amended the OBPP framework to include IFSCA products and 54EC bonds, introducing new disclosure requirements and compliance stipulations. This change aims for improved regulatory clarity and investor protection.
The legal landscape of Put Options under the Foreign Exchange Management Act (FEMA) is evolving, particularly concerning their enforcement and the need for RBI approval.