AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe RBI's recent directives expand the credit derivatives market by introducing new instruments, enhancing the range of hedging tools available to market participants.
FeaturedThe RBI has introduced new Credit Derivatives Directions to enhance the regulatory framework for credit derivatives, replacing the previous set of guidelines.
FeaturedThe Calcutta High Court has directed a strict six-month timeline for concluding the liquidation of 32 banking companies, noting the absence of legal barriers despite recent amendments.
FeaturedA US federal court declined to dismiss criminal charges against Gautam Adani and others, citing inadequate reasoning from the DOJ. This ruling underscores the scrutiny surrounding high-profile corporate investigations.
FeaturedThe Reserve Bank of India has issued its Master Direction regarding credit derivatives. This is a significant move towards introducing derivatives on credit indices and corporate bonds, responding to market demand.
FeaturedThe Reserve Bank of India has released directions regarding the introduction of credit derivatives and total return swaps. These directions aim to enhance regulatory clarity in the credit derivatives market.
FeaturedCRED has successfully raised $900 million from Meta in a Series H funding round, involving primary subscriptions and secondary share acquisitions. Key changes in management were announced alongside this transaction.
FeaturedThe Bombay High Court dismissed petitions from commodity traders challenging the MCX's decision to settle April 2020 crude oil futures at negative prices. The petitioners contended that SEBI should annul those trades, but the court upheld the decisions, emphasizing the integrity of market operations.
FeaturedSEBI has approved comprehensive reforms aimed at simplifying compliance processes for securities markets. These include revisions to buy-backs, mutual funds, AIFs, and investor protections.
FeaturedThe Karnataka High Court upheld that foreign nationals satisfying the definition of 'persons resident in India' under FEMA are not liable for penalties regarding FEMA violations.
FeaturedThe RBI has introduced an Expected Credit Loss (ECL) framework that mandates banks to make forward-looking provisions. This new approach is set to be implemented by April 2027.
FeaturedThe NCLT has initiated Corporate Insolvency Resolution Process (CIRP) against a corporate debtor, appointing an Interim Resolution Professional and enforcing a moratorium, highlighting the judiciary's stance on insolvency matters.
FeaturedIndia achieves a significant milestone as Vivek Aggarwal is appointed Vice-President of the Financial Action Task Force (FATF), marking India's increasing influence in global financial crime prevention.