AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT has validated the merger plan of JSW Steel under Sections 230 to 232 and directed an online shareholder vote within 60 days. This ruling facilitates the approval process of corporate mergers while ensuring compliance with statutory requirements.
The NCLT has dismissed an insolvency petition against an education firm, ruling that pre-existing disputes must be resolved through civil remedies rather than under the IBC. This highlights the tribunal’s position on genuine disputes and the need for proper forum selection.
The National Company Law Tribunal (NCLT) has ordered a status quo in a directorship dispute involving an arbitration clause, emphasizing the need for the parties to maintain the current management structure until further hearings can take place. This ruling reinforces the principles of corporate governance.
The Orissa High Court has ruled in favor of the revocation of a canceled GST registration, conditional upon the timely payment of all outstanding taxes, interest, and penalties. This decision reinforces the importance of meeting financial obligations for the revival of tax registrations.
In a pivotal ruling, the Karnataka High Court upheld the appeal by New India Assurance, determining that the age proof and income disclosures in a deceased individual's Income Tax Return (ITR) serve as a legal admission that supersedes unproduced educational records. This ruling clarifies evidentiary standards in tax cases.
The Chhattisgarh High Court has granted interim protection to an educational society, directing the Municipal Corporation to decide on the society's property tax exemption objections within 60 days before initiating recovery actions. This decision emphasizes the need for timely administrative review process.
The Gujarat High Court has quashed a remand order from the CESTAT due to its lack of clarity and has instructed the Tribunal to resolve the customs classification appeal on its merits within four months. This decision emphasizes the necessity for clear and comprehensive judicial orders.
SEBI has proposed extensive changes to Portfolio Managers Regulations, seeking stakeholder comments by August 13, 2026.
SEBI has implemented a buy-back freeze framework at the ISIN level to embed promoter trading restrictions in market systems, enhancing compliance during buy-back operations.
SEBI has launched the GARUDA mechanism, aiming to expedite the filing of Private Placement Memorandum (PPM) and the launch of Alternative Investment Funds (AIF) schemes. This revision is effective immediately under the amended AIF Regulations.
TMC has filed a petition in Calcutta HC challenging the legality of a pre-dawn police raid at the residence of Abhishek Banerjee, demanding preservation of CCTV footage and records from the operation.
The Calcutta High Court has granted interim protection to TMC leader Abhishek Banerjee against coercive measures in three criminal cases. The police have been directed to provide information on all pending FIRs against him.
The Delhi High Court is set to hear the bail applications of Umar Khalid and Sharjeel Imam together on August 27. This follows a notice issued to the Delhi Police to respond to Khalid's bail plea related to the Delhi Riots conspiracy case.