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Ergo Update

IBBI’s proposal for enhancing resolution framework

Submitted by yvonne on Wed, 08/13/2025 - 21:47

On 6 August 2025, IBBI issued a ‘Discussion Paper - Measures to enhance integrity of the Corporate Insolvency Resolution Process (CIRP)’ (Discussion Paper) with the intent to have the members of the committee of creditors (CoC) play an active role in ensuring compliance with statutory mandates including eligibility criteria under Section 29A of the Code, disclosures regarding beneficial ownership and applicability of Section 32A of the Code.

Maharashtra Charity Commissioner allows investment in listed shares, mutual funds etc.

Submitted by yvonne on Tue, 08/05/2025 - 16:05

Charity Commissioner of Maharashtra vide circular no. 619 dated 21 July 2025 (Circular) has granted general permission to public trusts, as defined and registered under Maharashtra Public Trusts Act (Act), to invest up to 50% of trust money in specified securities such as listed shares, units of mutual funds, etc. (refer below).

Delhi High Court affirms the determinate trust characterisation for Category III AIFs

Submitted by yvonne on Fri, 08/01/2025 - 17:48

A Division Bench of the Hon’ble Delhi High Court in a writ petition involving Equity Intelligence AIF Trust (the Fund) ruled that a Category III Alternative Investment Fund (AIF) shall be treated as a determinate trust insofar as the identity of the investors and their respective shares are set out in the contribution agreements

CERT-In’s comprehensive Cyber Security Audit Policy guidelines: A bold step towards global best practices and elevating cyber security audits in India

Submitted by yvonne on Fri, 08/01/2025 - 13:24

On 25 July 2025, CERT-In issued the Comprehensive Cyber Security Audit Policy Guidelines (Audit Guidelines), marking a significant step towards standardising and institutionalising cyber security audit practices across sectors.

CERC confirms gradual rollback of ISTC waiver for RE projects based on wind / solar or combination of both

Submitted by yvonne on Thu, 07/17/2025 - 17:07

The Central Electricity Regulatory Commission (CERC), vide Notification dated 26 June 2025, has notified the CERC (Sharing of Inter-State Transmission Charges and Losses) (Fourth Amendment) Regulations, 2025 (Fourth Amendment Regulations).

Delhi High Court denies interim relief to Royal Challengers Sports in disparagement and trademark infringement suit against Uber

Submitted by yvonne on Thu, 07/17/2025 - 12:34

Deciding an application for interim injunction in Royal Challengers Sports Private Limited v Uber India Systems Private Limited and Ors. [CS(COMM) 345/2025], the Delhi High Court (Court) in a judgment dated 5 May 2025, has declined to injunct an audio-visual advertisement (impugned advertisement) released by Uber India Systems Private Limited and its holding company, featuring Travis Head (Defendants).