NCLATcorporateinsolvency
NCLAT Rejects SBI-Linked Insolvency Plea Amid Fraud Claims
The NCLAT ruled to dismiss an insolvency plea against SBI loans, referencing fraud allegations that invalidated the loan documents.
Jul 17, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Latest Articles
NCLATcorporateinsolvency
NCLAT Dismisses Appeal on Incomplete Resolution Plan
The NCLAT ruled that the appeal against the resolution plan is not maintainable. However, the Ayra Consortium retains the right to argue its intervention application at a later stage.
Jul 17, 2026Read more →
NCLT Mumbaicorporate
NCLT Mumbai Grants Waiver Under Section 244 in Mismanagement Case
NCLT Mumbai has granted a waiver of the maintainability objection under Section 244(1)(b), allowing further proceedings in a petition regarding oppression and mismanagement.
Jul 17, 2026Read more →
CAAR Delhitax
Advance Ruling Application Rejected: Classification Issue Already Decided
CAAR Delhi declined an advance ruling on roasted areca nut classification since the matter had been adjudicated by the Madras HC under Section 28I.
Jul 17, 2026Read more →
CESTATtax
CESTAT Upholds Confiscation of 26 Gold Biscuits, Releases Other Valuables
CESTAT upheld the confiscation of 26 gold biscuits lacking purchase proof but allowed the release of gold ornaments, a gold bar, and ₹1.88 crore cash.
Jul 17, 2026Read more →
N/Aconsumer
CCPA Penalizes SpiceJet for Dark Patterns in Consent Boxes
The Central Consumer Protection Authority (CCPA) imposed a ₹1 lakh penalty on SpiceJet for utilizing pre-ticked consent boxes, classifying them as dark patterns that violate consumer rights. This reinforces the legal obligation for clear consent in consumer transactions.
Jul 17, 2026Read more →
Supreme Court of Indiacorporate
Supreme Court Sets Aside SARFAESI Auction Sale for Delayed Payment
The Supreme Court annulled a SARFAESI auction sale, citing non-compliance with payment rules, and provided a one-time opportunity for the legal heir to redeem the property. The ruling emphasizes adherence to auction procedures.
Jul 17, 2026Read more →
Supreme Court of Indiacivil
Supreme Court Affirms Right to Seek Probate as a Continuing Right
The Supreme Court ruled that the right to seek probate is a continuing right and found the applicant's petition within limitation, restoring it to the Civil Court. This provides important guidance on probate applications and their timeliness.
Jul 17, 2026Read more →
Karnataka High Courtcorporate
Karnataka HC Bars Transfer to NCLT in Advanced Liquidation Stage
The Karnataka High Court denied a request to transfer a winding-up petition to the NCLT, ruling that the advanced stage of liquidation requires proceedings to continue in the High Court. This highlights jurisdictional issues in corporate insolvency cases.
Jul 17, 2026Read more →
NCLATcorporate
NCLAT Sets Aside Section 9 Insolvency Admission for Debt Below ₹1 Crore
The NCLAT annulled the admission of a Section 9 insolvency application due to the admitted debt being less than ₹1 crore, ordering a refund of ₹91.98 lakh. This ruling clarifies the threshold for invoking insolvency proceedings under Section 9.
Jul 17, 2026Read more →
Reserve Bank of Indiabanking
RBI issues Prudential Norms on Specified Non-Financial Assets
The RBI has finalized and issued Prudential Norms related to Specified Non-Financial Assets (SNFA) following stakeholder feedback on the draft directions released earlier in 2026.
Jul 17, 2026Read more →
Reserve Bank of Indiabanking
Result of VRR auction held on July 17, 2026
The RBI has concluded the VRR auction on July 17, 2026, with a total allocation of ₹75,003 crore against bids of ₹1,09,823 crore. The cut-off and weighted average rates were both set at 5.26%.
Jul 17, 2026Read more →
Reserve Bank of Indiabanking
RBI to conduct Second Variable Rate Repo (VRR) auction on July 17, 2026
The Reserve Bank of India has announced a Second Variable Rate Repo auction on July 17, 2026, with a notified amount of ₹50,000 crore. The auction aims to address current liquidity conditions and is scheduled for a three-day tenor.
Jul 17, 2026Read more →