AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has implemented a buy-back freeze framework at the ISIN level to embed promoter trading restrictions in market systems, enhancing compliance during buy-back operations.
SEBI has launched the GARUDA mechanism, aiming to expedite the filing of Private Placement Memorandum (PPM) and the launch of Alternative Investment Funds (AIF) schemes. This revision is effective immediately under the amended AIF Regulations.
The NCLT validated JSW Steel's merger plan, directing an online equity shareholder vote without holding creditor meetings, emphasizing efficiency in corporate restructuring.
The NCLT upheld a resolution professional's decision to reject an income tax claim filed significantly late, emphasizing the finality of an approved resolution plan under the Insolvency and Bankruptcy Code.
SEBI has mandated that covered intermediaries use validated ‘@valid’ UPI IDs and QR codes starting October 1, 2025. This initiative aims to strengthen investor payment verification and mitigate fraud within financial transactions.
The NCLT dismissed a Section 7 petition against a corporate guarantor, clarifying that a second guarantee invocation does not reset the limitation period for claims. This decision is pivotal in interpreting the time-bar regulations under the IBC.
The NCLT restored directors and appointed an Administrator in a case highlighting shareholder oppression. The ruling underscores the protection of minority interests in corporate governance.
The NCLAT upheld NCLT's ruling that share and property transfers were invalid due to statutory non-compliance. This ruling reinforces the integrity of corporate governance in instances of manipulation.
The Reserve Bank of India has issued Amendment Directions on Basel Pillar 3 disclosures, seeking stakeholder feedback to enhance capital adequacy standards for banks.
The Reserve Bank of India has conducted an underwriting auction for the re-issue of Government Security, amounting to ₹34,000 crore. The cut-off rates for underwriting commission payable to Primary Dealers have been finalized.
The RBI has issued draft guidance outlining regulatory expectations for data governance, inviting feedback by August 17, 2026. This initiative emphasizes the importance of data quality and compliance risk management for regulated entities.
In a significant ruling, the SAFEMA Tribunal has overturned PMLA freezing orders against cryptocurrency exchanges WazirX and Vauld, emphasizing the necessity for reasoned adjudication. The Tribunal has remanded the matter for fresh hearings.
The SAFEMA Tribunal upheld a FEMA contravention related to a software import case but significantly reduced the penalties imposed on the company and its Director. This decision highlights the Tribunal's discretion in penalty assessment despite affirming compliance violations.