AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedSEBI's October 2026 SME IPO reforms propose ₹3 crore operating profit threshold, enhanced QIB allocation, and structured migration paths for listed SMEs.
FeaturedSupreme Court holds that once admission of Section 7 application under IBC is recorded, it is binding and cannot be challenged in collateral proceedings.
FeaturedThe India-Mauritius Double Taxation Avoidance Agreement has been amended to introduce a Principal Purpose Test, denying tax benefits in cases of treaty abuse and artificial structures.
FeaturedThe Supreme Court has ruled that a secured creditor may pursue recovery of dues after a successful SRA, rejecting a strict application of the 'clean slate' principle under the IBC.
FeaturedThe Supreme Court has ruled that an admission of claim under Section 7 of the IBC, leading to initiation of CIRP, is conclusive and cannot be resiled from in subsequent legal proceedings.
FeaturedIndia and Mauritius amend Double Taxation Avoidance Agreement to introduce Principal Purpose Test and deny treaty benefits in abuse cases.
FeaturedSupreme Court rules that admission of a Section 7 application and initiation of CIRP under IBC is binding and cannot be resiled from in parallel proceedings.
FeaturedSupreme Court permits Securitisation Remedial Action despite 'clean slate' argument, allowing creditors to defend claims arising from same contract.
FeaturedThe Supreme Court held that once an NCLT admits a Section 7 application and initiates CIRP, the admission is binding and cannot be resiled from in collateral legal proceedings.
FeaturedThe RBI has issued the Commercial Banks – Forthcoming Instructions Second Amendment Directions, 2026, revising minimum capital requirements for operational risk. The changes update prudential norms under the Banking Regulation Act, 1949.
FeaturedThe Supreme Court has held that once a Section 7 application under the IBC is admitted and CIRP initiated, the admission is binding and cannot be challenged in collateral proceedings.
FeaturedThe NCLAT upheld the rejection of a ₹7 crore resolution plan under IBC, holding it failed to address the cause of default and violated mandatory statutory requirements.
FeaturedSupreme Court holds that limitation under Section 62 of IBC begins from date of NCLAT order, not from receipt of certified copy, rejecting delayed appeals based on procurement delays.