AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has proposed new digital KYC provisions designed to facilitate easier onboarding for non-resident Indians (NRIs) and foreign nationals, streamlining compliance for overseas investors.
SEBI has allowed Infrastructure Investment Trusts (InvITs) to incorporate debt-funded maintenance expenses into their Net Distributable Cash Flows (NDCF), subject to certain approvals. This move is expected to enhance capital management for InvITs.
The RBI has amended the Third Amendment Directions concerning Responsible Business Conduct for Non-Banking Financial Companies. This update addresses engagement with recovery agents and reinforces ethical business practices.
The RBI has released the Third Amendment Directions concerning Housing Finance Companies, focusing on the engagement of recovery agents. This amendment is pivotal for HFCs in maintaining fair practices.
The RBI has assigned lead banking responsibilities for five newly formed districts in Ladakh, aiming to enhance financial services in the region. This decision has significant implications for banking operations and resource allocation in the Union Territory.
The Draft Foreign Investment Rules for 2026 have raised critical questions regarding equity, control thresholds, and the roles of RBI and DPIIT. These proposed regulations are still under review.
The NCLT has ordered liquidation after finding that no Expressions of Interest (EOI) or resolution plans were received despite multiple Form G publications, backed by an 83.10% vote from the Committee of Creditors (CoC).
The NCLAT has temporarily stayed the NCLT's rejection of an 83.97% Committee of Creditors (CoC)-approved resolution plan due to concerns over related-party transactions and share valuation, necessitating further appellate review.
The NCLT has admitted a corporate insolvency resolution process (CIRP) for a ₹6.58 crore claim, highlighting that disputes over reconciliation and pricing raised post-demand notice were insufficient to block the process. Emails acknowledging outstanding dues played a crucial role in this decision.
SEBI plans to simplify the KYC process for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and other foreign nationals, making it easier to onboard while outside India. This proposal is aimed at enhancing accessibility.
SEBI has permitted Infrastructure Investment Trusts (InvITs) to include debt-funded road maintenance expenses in their Net Distributable Cash Flows (NDCF), contingent upon certain conditions. This ruling aims to provide clearer guidelines and improve operational flexibility for InvITs.
The Madras High Court's ruling in *Novartis AG v. Venkata Narayana Active Ingredients* scrutinizes the evidentiary requirements necessary for the Bolar exemption in the pharmaceutical context, marking a significant development.
The rapid growth of India's fintech sector calls for an updated conversation on liability insurance to address emerging risks. As the digital economy matures, stakeholders must reassess their insurance needs in a changing regulatory landscape.