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Ergo Update

Supreme Court Clarifies Interplay Between IBC Moratorium and Section 138 NI Act Proceedings

Submitted by yvonne on Thu, 06/04/2026 - 18:17

The Hon’ble Supreme Court of India, in Dineshchand Surana v UCO Bank, 2026 INSC 579 (Surana), examined the interplay between the moratorium provisions under Part III of the IBC code and proceedings for dishonour of cheque under Section 138 of the NI Act.

Green Channel for AIFs: SEBI Introduces Fast-Track PPM Regime

Submitted by yvonne on Wed, 05/06/2026 - 13:53

SEBI vide circular dated 30 April 2026 has introduced a fast-track mechanism for launch of schemes/fund in respect of the Private Placement Memorandum (PPMs) filed under the SEBI (Alternative Investment Fund) Regulations, 2012 (AIF Regulations) as part of SEBI’s continuing efforts to streamline regulatory processes and enhance the ease of doing business