AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLAT upheld an NCLT decision that struck down allegations of invalid share transfers as oppressive conduct due to non-compliance with statutory norms.
The NCLT Allahabad has sanctioned India Glycols’ demerger scheme for its biopharma and spirits businesses under Sections 230–232 after confirming statutory compliances were met.
The Reserve Bank of India has issued a notification for the implementation of Section 51A of UAPA, 1967, which pertains to the updates on the UNSC's 1988 Taliban sanctions list. This amendment involves the modification of five entries, addressing the need for compliance and raising awareness among financial institutions.
The Reserve Bank of India has consolidated its supervisory instructions into a new set of guidelines while repealing previous circulars. This move includes the issuance of 64 consolidated directions to enhance regulatory clarity.
The IRDAI has announced the Policyholders’ Education and Protection Fund Regulations, 2026, detailing fund sources, utilization, and governance. This regulatory step is aimed at enhancing policyholder protection.
The RBI has updated guidelines regarding the reporting of FCNR(B) deposits and ECBs mobilized under its Swap Facility, operational since June 2026 and effective until the end of this year.
The Kerala High Court clarified that the onus to demonstrate absence of negligence regarding tax dues lies with the director, not the Principal Secretary. This modification highlights the responsibilities of directors under the KVAT Act.
Delhi HC quashed an FIR against Ashish Bhalla, affirming that an SFIO investigation precludes parallel probes. This ruling clarifies jurisdictional matters in corporate investigations.
NCLT Cuttack restored the petitioner directors in a significant ruling on shareholders' rights. The tribunal ruled that minority shareholder exclusion constituted oppression.
The RBI has released new guidelines on statutory audits for commercial banks, detailing requirements for auditor appointments and coverage to improve accountability.
The RBI's new directions on Fraud Risk Management outline critical frameworks for identifying and mitigating fraud in commercial banking operations.
The Reserve Bank of India has introduced new directions pertaining to the compliance function of commercial banks, establishing a framework for governance and oversight in banking practices.
The Reserve Bank of India has launched a concessional swap facility for FCNR(B) deposits, ECBs, and OFCBs, operational until late 2026. This initiative aims to bolster forex inflows, supporting the country's forex liquidity.