AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Securities Appellate Tribunal (SAT) has set aside SEBI's communications rejecting open offer withdrawals and remitted the matter for a speaking order, citing failure to consider material submissions.
The SEBI has amended Regulation 10(6) to establish a fixed auditor tenure of five years for InvITs, disallowing shorter terms. This regulation aims to enhance accountability and continuity in the auditing process.
The NCLT Delhi has admitted an application under Section 9 of the Insolvency and Bankruptcy Code, ruling that unauthorized WhatsApp chats do not establish a pre-existing dispute over supplies. This sets a precedent for the parameters of dispute resolution.
The NCLT has admitted a plea from Bank of India for insolvency proceedings worth ₹23.66 crore, ruling that irregularities in NPA classification do not negate an independently established financial default under the IBC.
SEBI has aligned its cyber incident reporting portal with the Financial Stability Board's FIRE format. This structured reporting approach demands compliance from regulated entities.
The Securities Appellate Tribunal (SAT) has set aside SEBI's communications rejecting an open offer withdrawal, directing SEBI to issue a speaking order. This decision highlights the importance of considering material submissions.
The MCA’s new CCFS-2026 initiative offers reduced filing fees and other concessions to facilitate corporate compliance.
The article clarifies when defaults under the Companies Act necessitate compounding versus adjudication, outlining practical steps for compliance.
The Ministry of Corporate Affairs has restricted public access to DIR-12 filings while retaining mandatory director disclosures.
NCLT Ahmedabad has sanctioned the amalgamation of Edme Insurance Brokers with UIB Insurance Brokers under applicable sections of the Companies Act.
The NCLT Delhi has approved the merger of Ambrosia Corner House with Kafila Hospitality, subject to regulatory compliance.
Warburg Pincus has completed a 100% acquisition of Integrace Private Limited, facilitating a full exit for True North and Temasek. Legal advisement was provided by Cyril Amarchand Mangaldas.
Former Supreme Court Justice L. Nageswara Rao stated that the limited visibility of the India International Arbitration Centre indicates a broader trust deficit in institutional arbitration in India, as discussed during a recent panel event.