New India News

SEBI Chairman Tuhin Kanta Pandey firmly drew the line between market movement and regulatory mandate on Wednesday, declaring that while SEBI cannot force foreign capital into India, it is radically overhauling digital rails to make investor entry friction-free. Speaking on the sidelines of the APMI 3rd Annual Conference 2026 in Mumbai, the top regulator tackled…

New Delhi, Insolvency appellate tribunal NCLAT has dismissed an appeal by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL) against the use of the “Reliance” brand name for Reliance Capital, after the Hinduja group firm IndusInd International Holdings Ltd (IIHL). Counsel appearing for IIHL informed the appellate insolvency tribunal NCLAT that the grievance of ADAVL has…

Shalinee Kulshreshtha Shalinee Kulshreshtha has joined IndiGo as associate general counsel, moving from dentsu international India, where she was general counsel, South Asia. Kulshreshtha had joined dentsu in 2021 as General Counsel, South Asia, as part of the South Asia leadership team. In the role, she was responsible for the South Asia legal and compliance…

Mumbai, India’s insolvency regime has helped more than 1.4 lakh homebuyers move closer to or receive possession of homes stuck in stalled real estate projects, with financially stronger developers stepping in to revive distressed developments through the Insolvency and Bankruptcy Code (IBC), analysts and industry officials said. Large developers including Adani Realty, Lodha and others…

New Delhi, Subhash Chandra has moved the appellate tribunal, NCLAT, against the order of a five-member bench of the National Company Law Tribunal (NCLT), which restrained him from alienating his assets during the pendency of the matter. Chandra has challenged an order passed by a five-member NCLT bench, formed to decide his personal insolvency, on…

MUMBAI: Following the showdown between Tata Trusts chairman Noel Tata and the board of Tata Sons, a trustee of the Tata Education and Development Trust (TEDT) has objected to potential legal costs from what he described as “created” disputes, according to people familiar with the matter. In a letter to TEDT trustees, who include Noel,…

The Anti-Evasion Branch of the Central Goods & Services Tax (CGST), Delhi South Commissionerate, has arrested the proprietor of an iron and steel trading firm in a case involving alleged fraudulent availment, utilisation and passing on of inadmissible Input Tax Credit (ITC) amounting to over INR 25.22 crore through bogus invoices worth approximately INR 140.14…

On Wednesday, a public interest litigation has been filed before the Supreme Court challenging the Union government’s new Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions, questioning the constitutional validity of the amended Section 10A of the Payment and Settlement Systems Act, 2007, and the manner in which the new charges have…

Mumbai: Banks have sought regulatory clearance to close unsettled cross-border trades of clients which over the years have touched almost ₹1 lakh crore, with many unmatched entries pending for a decade. They want Reserve Bank of India‘s permission for using new regulations that would come into force from October 1, 2026, to close millions of…

Attorney General R. Venkataramani Law can no longer remain a “catching-up machine” responding to economic change after it occurs and must instead play a central role in shaping India’s future growth, Attorney General of India R. Venkataramani said at the ETLegalWorld Commercial Disputes Conclave 2026. Delivering the inaugural address on Commercial Dispute Resolution as a…