AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has published its August 2026 Bulleting, which highlights the domestic economy's resilience despite global challenges. It features relevant monetary policy insights.
The Delhi High Court has ruled that lending a Customs Broker licence and dongle for a monthly fee violates regulatory requirements, underscoring the importance of compliance in customs brokerage practices.
The Bombay High Court upheld the Insolvency and Bankruptcy Board of India (IBBI) regulation allowing a 0.25% regulatory fee on realisable value to creditors during corporate insolvency resolution processes (CIRP), reinforcing the Board's regulatory authority.
Wipro Consumer Care has successfully merged with Dermatouch through a share purchase worth ₹387 crore, marking a strategic move into India's science-based beauty product market. This acquisition indicates Wipro's focus on expanding its portfolio in a growing sector.
NCLAT has ruled that unregistered defaults with an Information Utility do not preclude the admission of Section 7 applications under the Insolvency and Bankruptcy Code, based on valid loan documents.
The Kerala High Court has overturned an earlier order regarding ICICI Bank's Section 14 SARFAESI application. The court directed fresh consideration, ruling the previous order functus officio and highlighting the need for adherence to procedure.
The Delhi High Court has dismissed a writ petition challenging the Enforcement Directorate's attachment of ₹18.10 crores under the Prevention of Money Laundering Act. The court emphasized the availability of statutory remedies to the petitioner.
Universal Legal has provided legal counsel to Haapki Moms Private Limited (Peeko) in a Series A fundraise. This funding will aid Peeko's growth and product offerings.
BigTree Entertainment, owner of BookMyShow, has secured a minority investment from KKR. The transaction was facilitated by Trilegal, which provided comprehensive legal support through various stages including negotiation and regulatory compliance.
SEBI has removed notarization requirements for Foreign Portfolio Investors (FPIs) by permitting digitally signed Power of Attorney submissions, enhancing operational efficiency.
SEBI has clarified that clients of Discretionary Portfolio Management Services can pledge their securities under certain conditions, affecting compliance in asset management.
The RBI has issued the Third Amendment Directions for Non-Banking Financial Companies, focusing on responsible lending practices and the conduct of recovery agents. This supports the regulatory body's commitment to consumer protection.
The RBI has issued the Third Amendment Directions to Housing Finance Companies, outlining new instructions on the engagement of recovery agents. This aligns with the RBI's ongoing reforms in the housing finance sector.