Summary: In a significant ruling pronounced on May 5, 2026, the Supreme Court of India in Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority lifted the corporate veil between Earth Infrastructures Limited and its wholly-owned subsidiaries, upholding
The IRDAI published a circular on Remuneration to Key Management Persons, dated May 25, 2026 (“Circular”). This was soon after a concept paper revisiting the remuneration of Key Managerial Personnel (“KMP”) of Indian insurers was shared among a select group
Summary: The case considered whether a suit for a common law remedy, in particular, for permanent injunction could be sought before RERA or whether a civil court retains jurisdiction to entertain such a suit. The Court held that the equitable
Summary: Foreign K-12 schools are increasingly establishing a presence in India. This article outlines the various legal nuances which are to be considered while setting up a K-12 school in India.A unique blend of foreign legacy and Indian entrepreneurial and educational spirit, foreign K-12
Summary: Continuing the overhaul exercise, RBI has released the draft master directions on PPI which proposes a significant change to the existing framework, aimed at simplifying classification, strengthening regulatory oversight, and curbing misuse of prepaid instruments. These reforms signal RBI’s
Summary: The Supreme Court recently ruled[1] on SEBI’s case of fraud against Reliance Industries Ltd. (“RIL”) and twelve of its agents for trades in respect of Reliance Petroleum Ltd. (“RPL”) in 2007. Its emphasis on establishing intent when determining
Summary: SEBI’s recent informal guidance on the appointment of an independent director related to a promoter group member has reignited the debate on the meaning of “independence” in corporate governance. While the guidance adopts a strict interpretation of the statutory
Summary: As artificial intelligence reshapes the contours of India’s financial landscape, regulated entities find themselves navigating a delicate balance between harnessing transformative innovation and managing its inherent risks spanning algorithmic bias, model opacity, and systemic concentration. The RBI’s establishment of
Summary: What happens when everyone, but the internet has moved on? In a landmark judgment delivered on May 29, 2026, the Delhi High Court has addressed the growing problem of digital records that continue to haunt individuals, long after legal
Summary: In its recent decision in APTEC Advanced Protective Technologies AG v. Union of India, the Delhi High Court reaffirmed a fundamental principle of arbitral jurisprudence: the legal character of an arbitral order is determined by its substantive effect, not
