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  • Article

    DPIIT Permits Inventory-based E-commerce Model For Export Of Manufactured/produced Goods Domestically

    The Department for Promotion of Industry and Internal Trade (“DPIIT”), Ministry of Commerce and Industry, Government of India, on 23.07.2026, issued Press Note No. 3 (2026 Series) (DPIIT F. No. P-15015/9/2025-FDI Policy) (“Press Note”) , reviewing the Foreign Direct Investment (“FDI”) policy applicable to the e-commerce sector.
    IndiaInternational Law
    Sagus Legal
    Sagus Legal
  • Article

    High Court Of Delhi While Setting Aside An Arbitral Award Held That The Arbitrator Cannot Rewrite The Contract

    The High Court after perusing the facts of the case found that the arbitrator's interpretation of the Technology Development Assistance Agreement ("TDA") which was executed between the parties was not borne out of the terms of TDA.
    IndiaLitigation, Mediation & Arbitration
    Sagus Legal
    Sagus Legal
  • Article

    Supreme Court Holds That Non-confirmation Of Seizure Under Section 37A FEMA Vitiates Subsequent Adjudication Under Section 16 And Renders Show Cause Notice Unsustainable.

    The Supreme Court through its judgement dated 01.04.2026 in J. Sri Nisha v The Special Director, Adjudicating Authority, Directorate of Enforcement and Another held that an order of an Authorized Officer (“AO”) for interim seizure of assets under Section 37A of the Foreign Exchange Management Act, 1999 (“FEMA”) has direct bearing on the adjudication proceedings under Section 16 of FEMA.
    IndiaLitigation, Mediation & Arbitration
    Sagus Legal
    Sagus Legal
  • Article

    RBI Notifies Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026

    Reserve Bank of India (“RBI”) through notification no. FEMA 389(1)/2026-RB dated 29.05.2026, published on 05.06.2026, notified the Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026 (“CBM Amendment Regulations”) to amend the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 (“CBM Regulations”).
    IndiaCorporate/Commercial Law
    Sagus Legal
    Sagus Legal
  • Article

    SEBI Amends The Debenture Trustees Regulations

    SEBI by way of notification no. SEBI/LADNRO/GN/2025/269 dated 22.10.2025, has notified the SEBI (Debenture Trustees) (Amendment) Regulations, 2025 ("DT Amendment Regulations"), to amend the SEBI (Debenture Trustees) Regulations, 1993 ("DT Regulations"), which came into force on 24.10.2025.
    IndiaCorporate/Commercial Law
    Sagus Legal
    Sagus Legal
  • Article

    SEBI Grants One Time Relaxation For Extension Of Validity Of SEBI Observations

    The Securities and Exchange Board of India ("SEBI") vide its circular dated 07.04.2026 ("SEBI Observations Circular") has granted a one-time relaxation with respect to the validity of SEBI observation letters issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 ("ICDR Regulations").
    IndiaCorporate/Commercial Law
    Sagus Legal
    Sagus Legal
  • Article

    SEBI Has Issued Terms And Conditions For DTs Carrying Out Activities Outside The Purview Of SEBI

    SEBI vide Circular No. HO/17/11/12(3)2025-DDHS POD1/I/146/2025 dated 25.11.2025 ("DT Circular")1, has specified the terms and conditions for Debenture Trustees ("DTs") for carrying out activities outside...
    IndiaFinance and Banking
    Sagus Legal
    Sagus Legal
  • Article

    IBBI Notifies Insolvency And Bankruptcy Board Of India (Insolvency Resolution Process For Corporate Persons) (Fifth Amendment) Regulations, 2025

    The IBBI notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025 by notification dated 04.07.2025 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Sagus Legal
    Sagus Legal
  • Article

    MCA Notifies Companies (Removal Of Names Of Companies From The Register Of Companies) Amendment Rules, 2025.

    The Ministry of Corporate Affairs ("MCA"), through notification dated 31.12.2025, notified the Companies (Removal of Names of Companies from the Register of Companies)...
    IndiaCorporate/Commercial Law
    Sagus Legal
    Sagus Legal
  • Article

    SEBI Has Issued The SEBI (Informal Guidance) Scheme, 2025

    SEBI vide notification dated 18.11.2025, has introduced the SEBI (Informal Guidance) Scheme, 2025 ("Scheme"). The Scheme, which comes into effect on 01.12.2025...
    IndiaCorporate/Commercial Law
    Sagus Legal
    Sagus Legal
  • Article

    SEBI Introduces Single Window Automatic And Generalised Access For Trusted Foreign Investors (SWAGAT-FI) Framework For FPIs And FVCIs

    The Securities and Exchange Board of India ("SEBI") has issued two circulars dated 16.01.2026, namely, circular on the Single Window Automatic and Generalised Access for Trusted Foreign Investors ("SWAGAT-FI")...
    IndiaCorporate/Commercial Law
    Sagus Legal
    Sagus Legal
  • Article

    MNRE Clarifies That No NOC Is Required Where ESS Is Charged Using Non-RE Power And Sold Through Merchant/third-party Sale Mode.

    The Ministry of New and Renewable Energy (“MNRE”) vide office memorandum dated 11.04.2026, has issued a clarification stating that No-Objection Certificate (“NOC”) is not required in certain cases under the Firm and Dispatchable Renewable Energy (“FDRE”) Standard Bidding Guidelines (“FDRE Bidding Guidelines”).
    IndiaEnergy and Natural Resources
    Sagus Legal
    Sagus Legal
  • Article

    MoP Extends Timeline For Submission Of Comments On The Draft National Electricity Policy, 2026

    The Ministry of Power on 25.02.2026 issued directions for extension of timeline for submissions of comments and suggestions on Draft National Electricity Policy, 2026 by the stakeholders.
    IndiaEnergy and Natural Resources
    Sagus Legal
    Sagus Legal
  • Article

    Supreme Court Holds That Electricity Utilities Are Governed By The Rule Of Strict Liability, And Not Absolute Liability, In Claims Arising Out Of Electrocution

    The Supreme Court of India, through its judgment dated 12.08.2026 in Karnataka Power Transmission Corporation Limited v. Rekha and Others , set aside concurrent orders of the High Court of Karnataka which had fastened absolute liability upon the Karnataka Power Transmission Corporation Limited (“KPTCL”) in respect of two electrocution incidents.
    IndiaEnergy and Natural Resources
    Sagus Legal
    Sagus Legal
  • Article

    TNERC Applies Principle That APPC Comparison Must Be With Preferential Tariff Of In The Same Year Or Corresponding Year And Limits Interest Liability To Post-clarification Period

    TNERC through its order dated 06.03.2026 in the matter of Tamil Nadu Power Distribution Corporation Limited v. Tata Power Company Limited...
    IndiaEnergy and Natural Resources
    Sagus Legal
    Sagus Legal
  • Article

    Finance Minister Introduces Finance Bill, 2026 Under Union Budget, 2026-27

    The Union Minister for Finance and Corporate Affairs presented the Finance Bill, 2026 by Bill No. 3 of 2026 ("Union Budget") in the Parliament on 01.02.2026.
    IndiaFinance and Banking
    Sagus Legal
    Sagus Legal
  • Article

    SEBI Notifies SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2026

    The Securities and Exchange Board of India, through notification dated 10.07.2026, has notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2026, further amending the SEBI (Alternative Investment Funds) Regulations, 2012.
    IndiaFinance and Banking
    Sagus Legal
    Sagus Legal
  • Article

    Supreme Court Holds That Admission Of Debt By A Resolution Professional Does Not Amount To Acknowledgment Of Liability Under Article 18 Of The Limitation Act, 1963 And The Time Period Of Earlier CIRP Proceedings Against A Corporate Debtor Is To Be Excluded While Computing The Limitation Period Under Article 137 Of The Limitation Act, 1963

    In the present matter, the date of default for the debt availed by the Corporate Debtor (“CD”) from Dewan Housing Finance Limited (“DHFL”) was 06.12.2016. However, DHFL itself was admitted into CIRP on 03.12.2019.
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Sagus Legal
    Sagus Legal
  • Article

    CERC Affirms That 'Non-tariff' Disputes Have To Be Mandatorily Referred To Arbitration

    The Central Electricity Regulatory Commission ("CERC"), through its order dated 19.11.2025 in GUVNL v. TPCL & Ors. affirmed and held that non-tariff disputes between the parties must mandatorily be referred...
    IndiaLitigation, Mediation & Arbitration
    Sagus Legal
    Sagus Legal
  • Article

    Supreme Court Reiterates That High Courts Cannot Examine The Merits Of A Plea While Deciding A Writ Petition Filed Under Article 227 Of The Constitution Of India, 1950

    The court observed that the High Court erred in holding that the appellate bench of the small causes court committed an error while exercising jurisdiction under Order XLI Rule 25 of the CPC in referring the issue of bona fide requirement to trial court
    IndiaLitigation, Mediation & Arbitration
    Sagus Legal
    Sagus Legal

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