AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has rejected a personal guarantor's moratorium plea, allowing corporate insolvency proceedings for a ₹46.62 Crore financial default. This ruling clarifies the independence of corporate insolvency proceedings from guarantor status.
The NCLT has admitted an insolvency plea of ₹11.83 Crores after bank records established the financial debt and continued default. This ruling underscores the significance of documentary evidence in insolvency proceedings.
The NCLT has ordered liquidation of a company after no viable resolution plan emerged despite an extended EOI process. The Committee of Creditors (CoC) voted 80.86% in favor of liquidation, marking a significant directive in insolvency proceedings.
SEBI has aligned its cyber incident reporting portal with the Financial Stability Board's FIRE format, requiring structured reporting from regulated entities to strengthen cybersecurity practices.
The RBI's Fourth Amendment Directions focus on CRR and SLR for small finance banks, offering critical exemptions.
The RBI introduces Fourth Amendment Directions addressing CRR and SLR requirements for regional rural banks, enabling essential exemptions.
The RBI has issued the Fourth Amendment Directions regarding CRR and SLR for urban co-operative banks, enabling necessary exemptions.
The RBI has released the Fourth Amendment Directions regarding Cash Reserve Ratio and Statutory Liquidity Ratio for rural co-operative banks, offering necessary exemptions.
The RBI's Third Amendment Directions facilitate adjustments to interest rates on deposits for commercial banks, fostering competitive deposit offerings.
The RBI's Third Amendment Directions focus on interest rates for deposits with small finance banks, providing greater flexibility in their offerings.
The RBI has announced the Third Amendment Directions aimed at local area banks, enabling them to adjust interest rates on new deposits without ceilings.
The RBI has introduced the Third Amendment Directions for interest rates applicable to deposits in regional rural banks, enabling temporary suspension of interest rate limitations.
The RBI has released the Third Amendment Directions concerning interest rates on deposits for urban co-operative banks, temporarily lifting the limit on interest rates for new deposits.