AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has amended directions pertaining to Cash Reserve Ratio and Statutory Liquidity Ratio for Regional Rural Banks, introducing a US Dollar-Rupee swap facility for Foreign Currency Non-Resident deposits. This amendment aims to enhance liquidity management for the banks involved.
Dentons Link Legal has facilitated Ace Aviation in acquiring Jet Airways' Boeing 777-300ER aircraft for ₹568 crore. This acquisition marks a significant transaction for the aviation sector.
After a significant case questioning the legality of evidence obtained through unlawful raids, experts urge a reevaluation of Indian evidence law. The implications could reshape legal standards and practices for future cases.
Justice GS Patel, a retired Bombay High Court judge, faces threats due to his controversial verdict related to the Dawoodi Bohra community. His daughter was recently attacked, highlighting serious concerns over judicial safety.
NSE clarifies that regulatory exemptions under Section 31 of the IBC do not apply to plans approved under Section 54L of the PPIRP framework. Compliance with SEBI norms remains mandatory.
SEBI issues a new Master Circular consolidating all Alternative Investment Fund (AIF) regulations into a single framework. This change aims to streamline compliance processes for investment managers.
A comprehensive guide outlining the process for settling technical FCRA violations through compounding, detailing eligibility, penalties, and necessary documentation.
The IBBI has disciplined an insolvency professional with a penalty for continuing assignments without a valid Authorisation for Assignment (AFA), underscoring the critical nature of compliance in insolvency practice.
The introduction of new labor codes presents significant changes in wage definitions and statutory liabilities, necessitating a review of compliance frameworks for Chartered Accountants.
The Calcutta High Court granted an injunction based on TDS records recognizing a loan relationship between the parties, thereby emphasizing the importance of tax documentation in establishing legal relationships.
The Delhi High Court denied a writ petition as the Corporate Insolvency Resolution Process (CIRP) was centered outside its jurisdiction. This ruling reinforces territorial limits in bankruptcy-related proceedings.
The NCLT has admitted a corporate insolvency resolution process (CIRP) against a Corporate Debtor, finding adequate evidence of operational debt, default, and acknowledgment of liability.
The NCLAT ruled that once a resolution plan is approved and has attained finality, challenges to it cannot be reopened. GNIDA's appeal was dismissed for attempting to re-agitate settled issues.