AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has admitted an insolvency petition against an online gaming company due to a ₹2.81 crore loan default. Swapnil Jain has been appointed as the Interim Resolution Professional (IRP) to oversee the proceedings.
The Kerala High Court has denied a request to quash the Enforcement Directorate's investigation into Cochin Minerals and Rutile Limited, connected to the daughter of a former Chief Minister.
The RBI has released its 46th Half-Yearly Report on the management of foreign exchange reserves, enhancing transparency in the forex management practices in India.
The court found discrepancies in share premium allocations, asserting that remand for factual verification was necessary rather than relying on probability. This reaffirms the need for substantiating claims with concrete evidence.
SEBI is scrutinizing AI-powered investment advisory platforms, stating fintech firms and registered advisers are accountable for AI-generated recommendations. This highlights emerging compliance challenges in financial services.
The NCLT has admitted an insolvency plea against an online gaming firm due to a loan default of ₹2.81 crore, emphasizing the time value of money principle.
The NCLAT has ruled that invoices are not mandatory for establishing operational debt under the Technical Guidance Agreement. This ruling clarifies the obligations of Modi Lifecare regarding the admitted liability.
The Kerala High Court has declined to quash the Enforcement Directorate's investigation into Cochin Minerals and Rutile Limited involving allegations against former CM's daughter. The court's decision allows the probe to proceed.
The RBI has approved the amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 04, 2026.
ROC Haryana imposed significant penalties for late transfer of unspent CSR amounts, highlighting the regulatory requirement for timely fund allocation.
Under the Companies Act, 2013, the issuance and transfer of securities in dematerialised form is mandatory for most public and private companies, enhancing transparency and reducing fraud risk.
The National Shipping Board Rules, in effect since 1960, have been replaced, marking a significant regulatory change. The updated rules aim to enhance oversight and operational efficiency in the shipping industry.
The NCLT has admitted an insolvency plea against an online gaming firm for defaulting on a ₹2.81 crore loan. Swapnil Jain has been appointed as the Interim Resolution Professional to manage the firm's affairs.