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  • Article

    RBI Amends Reserve Bank Of India (Non-resident Investment In Debt Instruments) Directions, 2025

    The Reserve Bank of India has introduced significant amendments to the Voluntary Retention Route framework for foreign portfolio investors, fundamentally altering investment limits and retention period requirements. These changes, effective April 1, 2026, consolidate investment limits across routes and provide greater flexibility for portfolio liquidation after the minimum retention period.
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    RBI Issues Revised Guidelines On Deposit Accounts Of Minors

    The RBI, by way of its Circular dated April 21, 2025, has issued revised guidelines on the opening and operation of deposit accounts for minors...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    SC Upholds Constitutionality Of Provisions Of Prevention Of Money Laundering Act, 2002

    By an Order dated July 27, 2022, the Supreme Court (‘SC') in the case of Vijay Madanlal Choudhary v. Union of India, upheld the constitutional validity of various provisions...
    IndiaGovernment, Public Sector
    AZB & Partners
    AZB & Partners
  • Article

    NCLT Does Not Have Power To Examine Correctness Of Attachment Or Adjudication Order Passed Under Benami Act, Under IBC

    The SC in the case of S. Rajendran v. CIT[1] held that an attachment Order passed under the Benami Properties Transactions Act, 1988 (‘Benami Act’) cannot be challenged under the IBC.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    AZB & Partners
    AZB & Partners
  • Article

    SC Affirms Limited Judicial Review: Upholding Committee Of Creditor's Commercial Wisdom In Insolvency Resolutions

    The SC in Piramal Capital and Housing Finance Limited (Formerly Known As Dewan Housing Finance Corporation Limited) v. 63 Moons Technologies Limited & Ors.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    AZB & Partners
    AZB & Partners
  • Article

    SC Holds That Section 7(5)(A) Of IBC Confers Discretionary Power On NCLT To Admit Application Of Financial Creditor Seeking Initiation Of CIRP Of Corporate Debtor

    The SC in the case of Vidarbha Industries Power Ltd. v. Axis Bank Ltd., held that the use of the word "may" in Section 7(5)(a) of the Insolvency and Bankruptcy Code (‘IBC')...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    AZB & Partners
    AZB & Partners
  • Article

    Indian Trade Marks Registry Accepts First Olfactory Mark

    India's Trade Marks Registry (‘TMR') has accepted the country's first olfactory/smell trademark for a rose-like floral fragrance applied to vehicle tyres.
    IndiaIntellectual Property
    AZB & Partners
    AZB & Partners
  • Article

    Delhi High Court Holds That Damages Awarded By Foreign Courts Not Subject To FEMA / RBI Directions

    Delhi High Court (‘HC’) in Peter Beck und Partner Vermögensverwaltung GmbH v. Prakash Industries Limited[1] held that amounts awarded by a competent court, whether Indian or foreign, towards damages...
    IndiaInternational Law
    AZB & Partners
    AZB & Partners
  • Video

    Ladies In The Law – Nanditha Gopal (Video)

    In our first episode of Ladies in the Law, we talk to our Senior Partner, Nanditha Gopal from our Bangalore office.
    IndiaLaw Department Performance
    AZB & Partners
    AZB & Partners
  • Article

    Joint Application By Parties Seeking Extension Of Mandate Of An Arbitral Tribunal Amounts To Waiver From Challenging Order Of Appointment Of Arbitrator

    The SC, in Hindustan Construction Company Ltd. v. Bihar Rajya Pul Nirman Nigam Ltd., held that a joint application seeking extension of the mandate of an arbitral tribunal under Section 29A of the Arbitration...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    Navigating The Frontier: Assessing The Benefits And Limitations Of AI Integration In International Arbitration

    We are navigating a post-pandemic era with increased use of digital technologies and an unprecedented shift from traditional ways of conducting arbitration proceedings.
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Clarifies Scope Of Issuance Of Summons To Advocates

    The Supreme Court (‘SC'), in In Re: Summoning Advocates who give legal opinion or represent parties during investigation of cases and related issues...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Holds That Amounts Paid Towards Preference Shares Are Not Loans And Do Not Qualify As Debt Under IBC

    The SC, in EPC Constructions India Ltd. v. Matix Fertilizers & Chemicals Ltd., has, inter alia, held that preference shares are part of a company's share capital and therefore, the amounts paid towards preference...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Holds That Contracts Terminated Prior To Insolvency Do Not Constitute 'Assets' Or 'Property' That Attract Protection Of Moratorium Under IBC

    The SC, in A A Estates Private Limited v. Kher Nagar Sukhsadan Co-Operative Housing Society Ltd., held that the protection of moratorium under Section 14 of the Insolvency and Bankruptcy Code...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Recognises And Applies Principle Of Transnational Issue Estoppel In Foreign-Award Enforcement Proceedings

    The Supreme Court of India has applied the doctrine of 'transnational issue estoppel' in a landmark ruling, establishing that parties cannot re-litigate issues already decided by foreign courts when challenging foreign award enforcement in India. This decision addresses the critical intersection of international arbitration, foreign judgments, and domestic enforcement proceedings.
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    SC Rules That Arbitrators Cannot Unilaterally Fix Fee As It Violates Party Autonomy

    The SC in Oil and Natural Gas Corporation Ltd NGC v. Afcons Gunanusa JV[1] has held that arbitrators do not have the power to unilaterally issue binding orders...
    IndiaLitigation, Mediation & Arbitration
    AZB & Partners
    AZB & Partners
  • Article

    Guidelines For Use, Retention, And Disposal Of Wireless Equipment Under WOL/ Experimental/Demo Licenses

    The Department of Telecommunications ('DoT'), by way of a Notification dated October 15, 2025, has issued guidelines to regulate the retention...
    IndiaMedia, Telecoms, IT, Entertainment
    AZB & Partners
    AZB & Partners
  • Article

    Notification Of Section 3(1) And Section 3(6) Of Telecommunications Act, 2023, And Operative Rule

    India's telecommunications sector undergoes a fundamental regulatory transformation as the Department of Telecommunications replaces the decades-old unified license framework with a streamlined authorisation-based system. The new regime introduces separate rule frameworks for principal, miscellaneous, and captive telecommunication services while establishing a digital single-window platform for regulatory interactions. Existing license holders now face critical decisions about migrating to the new authorisa
    IndiaMedia, Telecoms, IT, Entertainment
    AZB & Partners
    AZB & Partners
  • Article

    MEITY Releases Business Requirement Document On Consent Management Systems Under DPDP Act

    The Ministry of Electronics and Information Technology (‘MeitY') has released a ‘Business Requirement Document for Consent Management under the DPDP Act...
    IndiaPrivacy
    AZB & Partners
    AZB & Partners
  • Article

    Work From Home Allowed In Special Economic Zones

    The Ministry of Commerce and Industry (‘Ministry') has, by Notification dated July 14, 2022, amended the Special Economic Zone Rules, 2006 (‘SEZ Rules')...
    IndiaStrategy
    AZB & Partners
    AZB & Partners

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