NCLTpropertycorporate
NCLT: RERA Proceedings Cannot Prevent Homebuyers' Insolvency Plea
The NCLT has ruled that delays from RERA proceedings cannot bar homebuyers from initiating insolvency proceedings against developers.
Jul 5, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Corporate Law News
NCLATcorporate
NCLAT Validates Late E-filing Under IBC, Condoning Delay
NCLAT has condoned a 15-day delay in an appeal e-filed at 9 PM on the last permissible day, affirming that digital filing aligns with the intent of the Insolvency and Bankruptcy Code (IBC). The ruling emphasizes the accessibility of justice through digital means.
Jul 5, 2026Read more →
N/Acorporate
Cyril Amarchand Mangaldas advises Kotak Mahindra Bank on acquisition of Private Banking & Wealth Management Business of Deutsche Bank
Cyril Amarchand Mangaldas facilitated Kotak Mahindra Bank's acquisition of Deutsche Bank's Private Banking and Wealth Management business, showcasing their expertise in financial transactions.
Jul 4, 2026Read more →
Kerala High Courtcorporate
Kerala HC Affirms NCLT’s Authority on Additional Pleadings in IBC Cases
The Kerala High Court has set aside a rejection by the NCLT concerning additional objections from a corporate debtor in IBC proceedings, emphasizing the NCLT's discretion to accept further pleadings for fair adjudication.
Jul 4, 2026Read more →
Calcutta High Courtcorporate
Calcutta HC Rejects Suit Challenging NCLT Valuation Due to Jurisdiction
The Calcutta High Court returned a plaint against a National Company Law Tribunal (NCLT) valuation, stating its lack of territorial jurisdiction and the statutory bar on interference in ongoing liquidation proceedings.
Jul 4, 2026Read more →
Supreme Court of Indiacorporate
SEBI Revises Framework for Handling Clients’ Unpaid Securities
SEBI has amended the framework for handling clients' unpaid securities, introducing direct demat pay-out with auto-pledge. The new regulations set specific timelines for pledge invocation, release, and liquidation.
Jul 4, 2026Read more →
Karnataka High Courtcorporatecivil
No Certiorari Against Trial Court Decrees During Corporate Insolvency: Karnataka HC
The Karnataka High Court ruled that writ petitions challenging civil trial court orders via certiorari are not maintainable during corporate insolvency. Parties must resort to statutory remedies under the CPC.
Jul 4, 2026Read more →
Karnataka High Courtcorporatebanking
Karnataka HC Upholds Canara Bank's IBC Proceedings, Rejects Quashment Plea
The Karnataka High Court ruled against quashing Canara Bank's IBC proceedings, reinforcing that writ petitions under Articles 226 and 227 are not maintainable against pending NCLT cases. This ruling preserves the integrity of the insolvency process.
Jul 4, 2026Read more →
Kerala High Courtcorporatebanking
Kerala HC Confirms NCLT's Power to Accept Additional Pleadings Post Reply Stage
The Kerala High Court set aside a rejection by the NCLT regarding additional objections, affirming the Tribunal's authority to permit such pleadings during Section 7 proceedings to ensure fair adjudication under IBC.
Jul 4, 2026Read more →
Calcutta High Courtcorporatebanking
Calcutta HC Returns Plaint Challenging NCLT Valuation, Cites Jurisdiction Issues
The Calcutta High Court found no territorial jurisdiction to hear the suit challenging the NCLT-ordered valuation and declined to interfere with the ongoing liquidation process. The ruling highlights the limitations of the High Court's jurisdiction in corporate insolvency matters.
Jul 4, 2026Read more →
Telangana High Courtcorporatetax
Telangana HC Sets Strict Conditions for Seized Second-Hand Imports
The Telangana High Court has established a stringent six-point framework for the provisional release of seized imported second-hand goods, including a mandatory bank guarantee.
Jul 3, 2026Read more →
Delhi High Courtcorporatetax
Delhi HC: EY US Secondment Reimbursements Taxable as FTS
The Delhi High Court ruled that reimbursements paid to EY US for secondee services are taxable as Foreign Technical Services (FTS) under Indian tax law. The ruling rests on the premise that the secondees provided technical knowledge to EY India entities.
Jul 3, 2026Read more →
N/Acorporate
SEBI Reintroduces Open Market Buy-Back Due to Tax Neutrality for Shareholders
SEBI plans to restore open market buy-backs through stock exchanges after tax changes improved equity treatment, introducing new compliance safeguards.
Jul 3, 2026Read more →