AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has admitted a Section 7 plea against SWAL Limited, determining that an interest-bearing inter-corporate loan constitutes financial debt under the IBC and commencing the Corporate Insolvency Resolution Process.
The NCLAT has ruled that APDCL must pay ₹37.66 lakh with interest to the liquidator of Brahmaputra Rolling Mills, highlighting the distinct legal status of companies under the IBC. The tribunal rejected the set-off plea based on mutual dealings.
The RBI has issued Master Directions for Credit Derivatives, introducing new regulations that could reshape risk management practices in Indian financial markets.
The RBI implemented the Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026, amending specific reporting requirements. These amendments are significant for foreign exchange transaction compliance.
The NCLAT Delhi approved the submission of an additional affidavit in revived IBC proceedings, underscoring that adherence to procedural rules must not undermine the principle of natural justice.
Adani Enterprises has successfully raised ₹15,000 crore through a Qualified Institutional Placement (QIP), advised by Cyril Amarchand Mangaldas, marking a significant capital influx for the company.
India has opened its stock market to foreign nationals, allowing individuals residing outside India to invest in listed Indian companies, while maintaining investment safeguards.
In a recent ruling, the NCLT mandates suspended directors of Greater Kailash Hospitals to cooperate with the Resolution Professional and provide necessary access to records and systems.
The NCLT has admitted an insolvency plea under Section 9, affirming unpaid transport invoices as operational debt despite prior settlement default. Shri S. Kangayan has been appointed as Interim Resolution Professional.
The NCLT has admitted a Section 7 plea against SWAL Limited regarding the classification of an inter-corporate loan as financial debt. This development triggers the commencement of Corporate Insolvency Resolution Process (CIRP).
The NCLT admitted an insolvency plea under Section 9 for unpaid transport invoices, classifying them as operational debt.
The Reserve Bank of India has directed regulated entities to implement the updated UNSC sanctions list related to ISIL and Al-Qaida. This mandates strict KYC compliance under Section 51A of the UAPA.
The NCLT directs a ₹24.45 crore repayment with 12% interest following a ruling on fraudulent transactions, emphasizing creditor protection and director accountability in insolvency matters.