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The Securities Markets Code, 2025 was introduced in the Lok Sabha by the Ministry of Finance ("MoF") on 18.12.2025 as Bill No. 200 of 2025 ("Draft Code").

The Ministry of Finance (“MoF”) by Notification dated 01.05.2026, notified the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2026 (“Amendment Rules 2026”) to further amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (“Principal Rules 2019”).

In its September 30th, 2024, board meeting, SEBI introduced a major reform by reducing the timeline for rights issues from the existing average of 317 days to 23 days.

Quite without warning, the Reserve Bank of India (RBI) notified the framework for issuance of rupee denominated bonds under the overall external commercial borrowing (ECB) framework on 29 September.

In a significant ruling, the Madras High Court, comprising of the Hon'ble Dr. Justice Anita Sumanth and the Hon'ble Mr. Justice G. Arul Murugan, held that the provisions of Section 26E of the Securitisation...

In Anuj Jain, Interim Resolution Professional for Jaypee Infratech Limited v. Axis Bank Etc , the Supreme Court held that a mortgagee is not a financial creditor of a corporate debtor...

The National Company Law Appellate Tribunal examines whether personal guarantors remain liable for corporate debt after a resolution plan is approved for the corporate guarantor, and whether such claims are barred by limitation.

The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees...

In the July edition of our monthly newsletter "Legalaxy", our team analyses some of the key developments in securities market, banking and finance, corporate affairs, labour and consumer affairs.

RBI's February 13, 2026, amendments to capital market exposure framework, effective from April 1, 2026 (or earlier if adopted by banks), enable Indian banks, for the first time, to finance LBOs/acquisitions up to 75% of deal value, subject to specified conditions.

In the case of Celir LLP v. Bafna Motors (Mumbai) Pvt. Ltd., 2023 SCC OnLine SC 1209, borrowers defaulted in repaying the credit facility availed, consequently declaring the account as a Non-Performing Asset.

With only one more page left to be turned in this year's calendar, it felt worthwhile to touch upon the various amendments that the SEBI Securities Exchange Board of India...

The Madras High Court, in M/s Lucky Footwear Components & Ors. v. Indian Bank & Ors reaffirmed the limited scope of judicial interference...

On September 9, 2024, the National Company Law Appellate Tribunal, Principal Bench, New Delhi ("NCLAT") in the case of, Sandeep Mittal v. M/s ASREC (India) Limited...

In a recent judgment delivered by the Supreme Court of India ("Supreme Court") in the case of P. Mohanraj & Ors. Vs. M/S Shah Brothers Ispat Pvt. Ltd1,

The Supreme Court has, through a recent decision (2026 INSC 201), now conclusively settled a long-standing controversy under the Insolvency and Bankruptcy Code...

In a recent judgment dated June 2, 2025, the Madras High Court upheld the decision of the State Bank of India (SBI) to cancel the appointment of a candidate selected for the post of Circle Based Officer...

In a move to make India a hub for global capital flow, Gujarat International Finance Tech-City ("GIFT City") was established by the Government of India in April 2015 near Gandhinagar, Gujarat...