AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI is seeking comments on a proposal to allow mutual funds to net fund obligations for cash market trades while maintaining gross securities settlement.
SEBI's proposal to reduce scrutiny of Alternative Investment Fund (AIF) trustees is being questioned in light of its own enforcement record related to trustee transactions.
SEBI is set to review the settlement price methodology for derivatives contracts following the commencement of the Closing Auction Session (CAS), aiming for improved efficiency.
SEBI outlines the complete regulatory framework for issuing non-convertible debentures (NCDs) by listed entities, including issuance conditions and compliance requirements.
SEBI has extended the compliance deadline for accredited investors in angel funds to March 31, 2027, providing additional time for adherence to regulatory requirements.
In a significant ruling, the NCLAT dismissed an appeal filed beyond the 45-day limit, reinforcing the legal principle that deadlines must be adhered to in insolvency proceedings. The decision underscores the tribunal's lack of jurisdiction to extend limitation periods.
The NCLAT has determined that the National Company Law Tribunal (NCLT) cannot issue notices to the Enforcement Directorate (ED) or the Central Bureau of Investigation (CBI) without satisfying the necessary legal conditions and hearing affected parties as mandated under Section 213(b) of the Companies Act.
In a significant ruling, the NCLAT dismissed a ₹18.85 crore claim against a corporate debtor due to insufficient evidence of a concluded agreement or banking trail. The decision reinforces the necessity for claimants to furnish adequate documentation to support financial claims.
The NCLT Mumbai has admitted a Section 7 application under the Insolvency and Bankruptcy Code following a default of over ₹11.83 crore, allowing the initiation of the Corporate Insolvency Resolution Process (CIRP).
NCLT Ahmedabad has sanctioned the scheme proposed by Essar Power for a brand demerger and capital restructuring, marking a pivotal move in the company’s operational strategy.
The NCLAT rejected an appeal, affirming the NCLT’s jurisdiction over interim oppression proceedings in exclusive capital disputes. This ruling reinforces the power of NCLT in handling disputes concerning oppression and mismanagement.
The RBI has issued second amendment directions concerning the classification, valuation, and operation of investment portfolios for Urban Co-operative Banks to ensure compliance with evolving regulations.
The RBI has introduced a new half-yearly return for banks to report relief measures in natural calamity-affected areas through the Centralised Information Management System (CIMS) Portal.