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The Supreme Court of India, in a criminal appeal decided on 17 July 2026 by a Bench comprising Justice Sanjay Kumar and Justice Sanjeev Sachdeva, has set aside a long chain of concurrent convictions under Section 138 of the Negotiable Instruments Act, 1881, on the ground that the cheque in question was materially altered. The case, arising out of Special Leave Petition (Criminal) No. 17025 of 2025, highlights the fundamental principle that a materially altered negotiable instrument cannot form the basis of criminal liability for its dishonour.

Recently, the Reserve Bank of India (RBI) issued a Notification to put in place a framework for acceptance of Green Deposits (Framework) with effect from 1 June 2023...

The infrastructure sector is critical to India's development. Financing in infrastructure is expected to grow exponentially over the next few years,...

The foreign portfolio investor (FPI) frame¬work introduced in 2014 was welcomed as a prime example of regulatory streamlining.

The Government of Maharashtra, by gazette notification dated 22.07.2026, has notified the Maharashtra Stamp (Fourth Amendment) Act, 2026 (“Stamp Amendment”) amending the Maharashtra Stamp Act, 1958 (“Stamp Act”).

To have a better understanding of this Article, this Article should be read in conjunction with our previous Article.

Pioneer Legal advised and assisted Advik Hi-Tech Private Limited ("Advik") in relation to 100% acquisition of Powersports and MTG GMBH (‘Powersports") through its Singapore subsidiary, Advik Singapore Pte. Limited.

The National Company Law Tribunal (NCLT) has reaffirmed the legal enforceability of costs approved during the Corporate Insolvency Resolution Process (CIRP)...

In order to prevent companies to be dragged into insolvency under the Insolvency and Bankruptcy Code, 2016 ("Code") due to the present pandemic,…

Last year, the Indian government had announced to bring a special insolvency resolution scheme for micro, small and medium enterprises (MSMEs).

The Supreme Court of India (SC) in Orator Marketing Private Limited v Samtex Desinz Private Limited, Civil Appeal No. 2231 of 2021, judgment dated 26th July 2021 has held that an interest free...

The National Company Law Appellate Tribunal (“NCLAT”), in Arvind Kumar vs. Beacon Trusteeship Limited and Anr., dismissed an appeal challenging the admission of a petition under Section 72 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by the National Company Law Tribunal, New Delhi (“NCLT”).

The National Company Law Appellate Tribunal, Delhi (NCLAT) in the case of Sh. Sushil Ansal Vs Ashok Tripathi and Ors, has reiterated that a decree-holder though covered under the definition of creditor under Section 3(10).

The intersection of insolvency law and criminal liability for cheque bounce became a significant area of legal debate in India, after the introduction of the Insolvency and Bankruptcy Code...

An amendment to the Insolvency and Bankruptcy Code ("IBC") recently received the President's assent.

This year has been one of the worst nightmare any country would have anticipated.

The Reserve Bank of India ("RBI") has, in its capacity as the regulator of non-banking financial companies and under the powers conferred to it pursuant to Section 45-IE (1) of the Reserve Bank of India Act, 1934 ("RBI Act"), superseded the Board of Directors of SIFL and SEFL.