AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT in Bengaluru has sanctioned the merger of Aureustech Systems with Happiest Minds Technologies, establishing an appointed date for the merger of April 1, 2026.
The Delhi High Court has ordered Facebook and Instagram to remove posts infringing on the DA MILANO brand rights upon notice. This ruling emphasizes the obligation of platforms to act against intellectual property violations.
The Reserve Bank of India has shortened the temporary relaxation period for deposit rates on FCNR(B) and NRE deposits across various bank types to August 31, 2026.
The NCLT has admitted a plea by Bank of India for ₹23.66 crore, determining that financial debt and default were established independently of any questioned NPA classifications. This decision reiterates the strict criteria for proving insolvency.
The NCLT upheld an insolvency plea of ₹1.65 crore, ruling that unsupported claims of adjustment failed to demonstrate any genuine pre-existing dispute prior to the issuance of a demand notice. This ruling highlights the threshold for disputing insolvency claims.
The NCLT in Mumbai held that the insolvency proceedings against a corporate guarantor can proceed regardless of the ongoing Corporate Insolvency Resolution Process (CIRP) of the principal borrower. The ruling emphasizes the liability of corporate guarantors.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) petition for ₹11.83 crore after bank records conclusively established financial debt and ongoing default. This development emphasizes the importance of documentation in insolvency cases.
The RBI has announced an auction of Government Treasury Bills amounting to ₹17,000 Crore, scheduled for September 2, 2026.
The RBI has amended the exemption period for Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for various banks, making adjustments to the timeline for specified FCNR(B) and NRE deposits.
The Delhi High Court ruled that an employee cannot be penalized for the employer's failure to deduct TDS. Section 205 of the Income Tax Act bars income tax collection from an assessee if tax has already been deducted.
The NCLT has admitted Bank of India's insolvency plea of ₹23.66 Crores, ruling that NPA classification irregularities do not negate independently established defaults under the IBC. This decision underscores creditor rights in insolvency processes.
The NCLT has upheld an insolvency plea of ₹1.65 Crores, ruling that unsupported adjustment claims do not constitute a pre-existing dispute under Section 9 of the IBC. This ruling clarifies the threshold for disputing insolvency petitions.
SEBI has proposed simplified digital KYC processes for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and foreign nationals, enhancing access to investment opportunities.