AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Madras High Court has ruled that show cause notices issued by officers not designated as 'proper officers' are void. This ruling quashes the DRI's show cause notice, mandating the return of bank guarantees to the petitioner.
The NCLAT has ruled that a misrepresentation of a borrower as a guarantor invalidates the application under Section 95 of the IBC. This decision mandates that future applications must be supported by valid guarantee documents to proceed.
The NCLT ruled that ongoing settlement discussions cannot impede the initiation of Corporate Insolvency Resolution Process (CIRP) if a default and operational debt are established. This sets a critical precedent confirming that discussions do not negate existing legal claims.
The NCLAT has ruled that GNIDA's claim as a secured operational creditor cannot exceed ₹6.79 crore, emphasizing the finality of resolution plans under the IBC. This decision highlights that public authorities must adhere to procedural norms and cannot contest settled plans post-judicial determination.
The Supreme Court has mandated colleges in Telangana using the 'Princeton' name to clarify that they have no association with Princeton University in New Jersey, amid a trademark dispute.
The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2026 now validate investments in social stock exchange instruments as a valid CSR channel.
The NCLT Allahabad Bench has ruled in favor of a company's request to convert shares into guarantees, bypassing traditional shareholder meetings due to unanimous consent.
The Registrar of Companies has imposed penalties for submitting an incorrect document with Form AOC-4. The ruling emphasizes the importance of compliance with statutory requirements even after requests for rectification.
The NCLAT has ruled that undisclosed related-party agreements cannot justify the continued occupation of a corporate debtor’s property during CIRP.
The NCLAT has clarified that Resolution Professionals can secure possession of corporate assets without needing to file separate eviction suits during the CIRP.
The NCLT has accepted an insolvency application for ₹1.96 crore, stating that SARFAESI actions by secured creditors do not hinder CIRP where operational debts are present.
The NCLT Kolkata has admitted SBI's insolvency plea against Martina Bio Genics, ruling that ongoing winding-up proceedings cannot obstruct the revival process under the Insolvency and Bankruptcy Code (IBC).
The Telangana Advocates Protection Act has been enacted, providing legal protections against violence and harassment for advocates.