AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe RBI's reclassification of Non-Banking Financial Companies (NBFCs) sets forth new criteria and definitions regarding public funds and deregistration. This change reflects ongoing reforms within India's financial landscape.
FeaturedThe draft FEMA Foreign Investment Rules, 2026 propose a comprehensive new framework for foreign direct investment (FDI) including an overseas listing scheme and regulatory definitions.
FeaturedThe Supreme Court has clarified the nature of Section 26(1) proceedings under the Competition Act and the appealability of CCI directions. This ruling sets important parameters regarding notice requirements and the statutory framework governing the act.
FeaturedThe RBI has released Draft FEMA Foreign Investment Rules, 2026, outlining a new foreign investment framework and an overseas listing scheme. The rules aim to revise existing definitions and improve regulatory allocations.
FeaturedThe RBI has cancelled the registrations of 135 Non-Banking Financial Companies (NBFCs) under Section 45-IA, citing specific grounds and regulatory procedures.
FeaturedSEBI has revised the securities transmission framework, introducing a Quick Transmission Procedure (QTP) alongside revised thresholds and standardized documentation. This new framework aims to streamline the processing timeline to 21 days starting from 23 July 2026.
FeaturedThe Supreme Court upheld a service tax demand of Rs. 16.6 crore against BPCL and HPCL, determining that both companies acted as commission agents for Mahanagar Gas Ltd. The commission earned on the sale of CNG is thus subject to service tax.
FeaturedThe Supreme Court affirmed that although breaching Section 269SS incurs penalties, such a breach does not render a cash loan unenforceable under the Negotiable Instruments Act.
FeaturedThe Delhi High Court reinstated a customs broker's licence after ruling that the mandatory 90-day timeline under Regulation 17(5) of CBLR 2018 was not adhered to during revocation. This judgment emphasizes the importance of procedural adherence in administrative actions.
FeaturedThe Bar Council of India (BCI) has introduced stringent regulations governing advocates' social media conduct. Advocates must now designate Social Media Ethics Nodal Officers and ensure transparency in content creation.
FeaturedThe Orissa High Court held that a corporate debtor is not liable for criminal prosecution for environmental violations occurring before commencement of Corporate Insolvency Resolution Process if a resolution plan has been approved.
FeaturedThe NCLAT Delhi has dismissed appeals against penalties and debarment of an auditor related to the audit of a listed company. This ruling reinforces professional accountability and the significance of compliance with audit standards.
FeaturedThe NCLT Ahmedabad has approved the amalgamation scheme of J.B. Chemicals with Torrent Pharmaceuticals, ensuring compliance with statutory and regulatory requirements.