AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedSEBI has proposed significant amendments to the regulatory framework for exchange-traded derivatives, aiming to simplify compliance norms and eliminate outdated provisions through a consolidated consultation paper.
FeaturedIn a significant policy shift, SEBI has clarified that Infrastructure Investment Trusts (InvITs) can now exceed 49% loan-to-value (LTV) ratios for capital expenditure and debt refinancing. This circular is expected to enhance financial flexibility for infrastructure trusts.
FeaturedSEBI has published a revised Master Circular that consolidates surveillance-related directives aimed at ensuring compliance among stock exchanges, listed companies, intermediaries, and fiduciaries. Key enhancements include stricter insider trading compliance measures and automated restrictions on trading windows.
FeaturedThe Supreme Court has ruled that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against both the principal debtor and its corporate guarantor are permissible under Section 60(2) of the IBC. This ruling supports the enforcement of banking rights in insolvency scenarios.
FeaturedGautam and Sagar Adani have consented to an $18 million penalty by the SEC regarding misleading statements, while not admitting to the allegations.
FeaturedThe Supreme Court dismissed Byju Raveendran's appeal related to the NCLAT's decision and instructed an expedited inquiry against the Interim Resolution Professional (IRP). The Court emphasized the necessity for the ongoing investigation to proceed without delay.
FeaturedThe Reserve Bank of India has canceled the Certificate of Registration for 150 non-banking financial companies, emphasizing regulatory compliance and the importance of maintaining operational standards.
FeaturedThe Delhi High Court's pro-tem order in Malikie v. Xiaomi introduces confusion into standards for assessing Standard Essential Patents (SEPs), indicating a misstep in legal reasoning that may impact future adjudications.
FeaturedSEBI has proposed comprehensive amendments to the Buy-Back Regulations, reintroducing open market buy-backs and simplifying compliance requirements to enhance investor protections.
The IBC is challenged by foreign sanctions as Indian insolvency tribunals navigate complex global issues. This situation raises questions about the interplay between insolvency law and international regulatory restrictions.
The Calcutta High Court ruled that Section 107 of the BNSS Act does not provide adequate safeguards for third parties, applying a stringent 'reason to believe' test to quash a property attachment order. This highlights the need for more comprehensive legal frameworks.
The Calcutta High Court quashed an FIR in a dispute worth Rs 3.3 crore, determining that the FIR filed after unsuccessful IBC proceedings constituted an abuse of process. The court noted that the petitioner had already made payments in compliance with previous orders.
The Calcutta High Court ruled that Company Courts can transfer winding up petitions to the NCLT on their own accord under Section 434(1)(c) of the Companies Act, 2013.