AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has admitted an insolvency plea against an online gaming firm due to a loan default of ₹2.81 crore, emphasizing the time value of money principle.
The NCLAT has ruled that invoices are not mandatory for establishing operational debt under the Technical Guidance Agreement. This ruling clarifies the obligations of Modi Lifecare regarding the admitted liability.
The Kerala High Court has declined to quash the Enforcement Directorate's investigation into Cochin Minerals and Rutile Limited involving allegations against former CM's daughter. The court's decision allows the probe to proceed.
The RBI has approved the amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 04, 2026.
ROC Haryana imposed significant penalties for late transfer of unspent CSR amounts, highlighting the regulatory requirement for timely fund allocation.
Under the Companies Act, 2013, the issuance and transfer of securities in dematerialised form is mandatory for most public and private companies, enhancing transparency and reducing fraud risk.
The National Shipping Board Rules, in effect since 1960, have been replaced, marking a significant regulatory change. The updated rules aim to enhance oversight and operational efficiency in the shipping industry.
The NCLT has admitted an insolvency plea against an online gaming firm for defaulting on a ₹2.81 crore loan. Swapnil Jain has been appointed as the Interim Resolution Professional to manage the firm's affairs.
The NCLAT has ruled that invoices are not mandatory to establish operational debt under the Technical Guidance Agreement, which entails a fixed royalty obligation. This ruling has significant implications for the enforcement of contractual liabilities.
The NCLAT directed Modi Lifecare to pay ₹63 lakh, clarifying invoices are not mandatory under the Technical Guidance Agreement. The ruling emphasizes the contract's obligatory nature for royalty payments.
The Reserve Bank of India has sanctioned the voluntary amalgamation of Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., set to take effect on May 4, 2026. This strategic move aims to enhance operations and service to customers.
The RBI has released revised draft directions to enhance recovery practices, emphasizing borrower protection and transparency in loan recovery methods.
The NCLT has admitted an insolvency plea against an online gaming firm due to non-repayment of ₹2.81 crore loan, emphasizing the time value of money. Swapnil Jain has been appointed as the Interim Resolution Professional.