AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT ruled that the demerger of a mortgaged asset does not discharge a continuing corporate guarantee, allowing J&K Bank's ₹87.43 crore insolvency plea to proceed.
The NCLAT affirmed the National Company Law Tribunal's (NCLT) jurisdiction to restrain Annual General Meetings (AGMs) despite ongoing appeals, underscoring the tribunal's interim powers.
The Delhi District Court ruled against IPRS in a dispute regarding licensing fees for television content in hotel rooms. The decision clarifies the responsibilities of hotels concerning copyright royalties amidst rising digital content consumption.
SEBI is considering an exemption for listed issuers from mandatory merchant bank appointment for small-value debt private placements of ₹10,000.
SEBI seeks comments on a proposal for net fund obligations in mutual fund cash-market trades while retaining gross securities settlement. This change aims to streamline the cash market transactions.
The Reserve Bank of India (RBI) has amended its investment directions, permitting Urban Cooperative Banks (UCBs) to invest in the IDPIC for membership acquisition, effective September 2, 2026.
The Goods and Services Tax Appellate Tribunal has determined that a taxpayer's reversal of Input Tax Credit (ITC) cannot be denied solely due to the absence of a reason in Column 8 of Form GST DRC-03.
The Ministry of Corporate Affairs (MCA) has extended the deadline for the CCFS-2026 compliance scheme to September 15, 2026, allowing companies additional time for their statutory filings.
The Registrar of Companies (ROC) has imposed a penalty of Rs. 5.5 crore on a company for accepting preferential allotment funds from a bank account not owned by the subscriber.
Section 6 of the Companies Act 2013 declares provisions conflicting with the Act as void, offering critical insights into corporate governance and compliance.
The distinction between merger and demerger routes remains critical under the Companies Act and Income-tax Act, influencing tax neutrality and loss carry-forward provisions.
The NCLT has approved a scheme for Siyaram Silk Mills to issue bonus preference shares, contingent on compliance with the Companies Act and SEBI regulations. This decision reinforces the procedural framework for corporate finance.
The Reserve Bank of India has issued the Second Amendment Directions regarding the interest rates applicable to deposits in rural co-operative banks. The amendments aim to provide more flexibility amidst evolving market conditions.