AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has admitted a plea under Section 7 against SWAL Limited, affirming that inter-corporate loans with interest are classified as financial debts under the IBC.
The RBI has modified reporting requirements for foreign exchange transactions, underscoring the importance of compliance among authorized persons.
The RBI has released master directions pertaining to credit derivatives, facilitating a more structured approach in this financial sector.
The RBI has announced a Variable Rate Repo auction for July 09, 2026, providing liquidity support for financial institutions.
The RBI announced the results of the Overnight Variable Rate Repo auction held on July 09, 2026, with all bids allotted at a cut-off rate of 5.26%.
The RBI announced a Variable Rate Repo auction for ₹50,000 crore on July 10, 2026, aimed at addressing liquidity conditions.
The RBI announced the results of the 3-day Variable Rate Repo auction held on July 10, 2026. A total of ₹53,233 crore was received in bids, with ₹50,015 crore allotted at a cut-off rate of 5.26%.
The CDSCO seeks feedback regarding the use of brand name extensions in pharmaceuticals, prompting a long-overdue examination of practices that potentially mislead consumers. Experts highlight the implications for compliance and regulatory oversight.
The RBI has officially removed Coӧperatieve Rabobank U.A. from its Second Schedule after it ceased to operate as a banking company.
The Calcutta High Court ruled that a resolution applicant is not responsible for a corporate debtor's pre-Corporate Insolvency Resolution Process (CIRP) late payment surcharge (LPSC), highlighting the 'clean slate' principle in insolvency cases.
The NCLAT has ruled that the submission of a resolution professional's report is not required when debt and default are clearly established, affirming the role of the guarantor's signature as proof of liability.
The CBDT has granted income-tax exemption to the Core Settlement Guarantee Fund of the National Commodity & Derivatives Exchange, strengthening financial safety in commodities markets for AYs 2019–20 to 2026–27.
The NCLT Kochi has dismissed a ₹1,323 crore insolvency petition by Morgan Securities against BPL, ruling that the IBC cannot function as a recovery tool when arbitration remedies have been pursued.