AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT admitted insolvency proceedings after evidence of operational debt and acknowledgment of liability was presented, highlighting the standard of proof required in insolvency applications.
NCLAT ruled that challenges regarding an approved resolution plan could not be reopened as they had already attained finality, reinforcing the principle of finality in insolvency proceedings.
The NCLAT declared the appointment of a Resolution Professional invalid due to misrepresentation, highlighting the importance of accurate representation in insolvency applications.
The court has emphasized that mere allegations in investigations by CBI and ED do not establish guilt until evidence is reviewed judicially. This reinforces the principle of innocence until proven guilty.
This article provides an overview of the regulations surrounding drug licensing in India, a critical component for pharmaceutical operations. It focuses on the necessary steps and legal requirements for obtaining a Drug License.
Forensic accounting is emerging as a vital field for Chartered Accountants, combining various skills to combat financial fraud.
The NCLAT has affirmed that a Resolution Professional can recover corporate debtor’s assets from unauthorized occupants without resorting to a civil suit. This ruling enhances the efficacy of the insolvency resolution process.
The RBI has introduced a US Dollar-Rupee swap facility for FCNR (B) deposits mobilised for a period of three to five years, enhancing foreign currency management.
The RBI has introduced a US Dollar-Rupee swap facility for External Commercial Borrowings to enhance liquidity for businesses seeking foreign capital.
The Reserve Bank has amended its directions regarding the Cash Reserve Ratio and Statutory Liquidity Ratio for Commercial Banks, introducing a US Dollar-Rupee swap facility for enhancing liquidity management.
The RBI has amended Cash Reserve Ratio and Statutory Liquidity Ratio directives for Small Finance Banks, incorporating a US Dollar-Rupee swap facility for FCNR (B) funds to enhance liquidity.
The Reserve Bank has issued amendments for Urban Co-operative Banks’ Cash Reserve Ratio and Statutory Liquidity Ratio, including a US Dollar-Rupee swap facility for FCNR (B) deposits. This aims to support liquidity management in the sector.
The Reserve Bank has amended the Cash Reserve Ratio and Statutory Liquidity Ratio for Rural Co-operative Banks, introducing a US Dollar-Rupee swap facility for FCNR deposits. This aims to enhance the banks' liquidity management capabilities.