The Ministry of Electronics and Information Technology issued an advisory to intermediaries on 26 December 2023 (Advisory) to comply with Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (IT Rules).
The Insolvency and Bankruptcy Board of India (IBBI) on 1 November 2023 released a discussion paper inviting comments on certain proposed changes to Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) (Discussion Paper). A summary of the key changes proposed to the CIRP Regulations is as follows
The Supreme Court of India (SC) in its judgment dated 7 February 2023 in “Rana Ayyub v. Directorate of Enforcement through its Assistant Director”,2023 SCC OnLine SC 109, interpreted the manner in which territorial jurisdiction of courts in respect of an offence under the Prevention of Money Laundering Act, 2002 (PMLA) is to be determined.
2022 was a year of resilience, one that saw the world acclimatising to the new normal and moving forward. Even in the face of extraordinary challenges over the past couple of years, the collective commitment to progress, development, and innovation remains unshaken.
Nations across the world are taking steps to meet their respective environmental, social and governance (ESG) commitments, pursuant to various global commitments in the backdrop of the United Nations Sustainable Development Goals (UN SDGs) and international treaties especially the ‘Nationally Determined Contribution’ (NDCs) adopted under the Paris Agreement.
A 3-Judge Bench of the Supreme Court (SC) in its judgment dated 26 August 2022, in M/s R.K. Industries (Unit-II) LLP v. M/s H.R. Commercials Private Limited & Anr., Civil Appeal Nos. 7722/2021 and 7731/2021, examined the provisions of the Insolvency and Bankruptcy Code (Code) and the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations).
The 3-Judge Bench of the Supreme Court (“SC”) in its judgment dated 26 August 2022, in Sundaresh Bhatt, Liquidator of ABG Shipyard v. Central Board of Indirect Taxes and Customs, Civil Appeal No.
The Supreme Court of India (Court), in its recent judgement in the case of Deepika Singh v Central Administrative Tribunal and Others [Civil Appeal No. 5308 of 2022] (Deepika Singh), has reiterated that the rule of purposive interpretation should be adopted while giving effect to the provisions of social welfare legislations.
