Manupatra Academy

Explore. Learn. Upskill. All Things Law

Courses, Cases, Research, and Resources in One Place

New

Internships

Opportunities : Playbook : Videos

Learn More

1^st Year Law Notes

Structured notes with flashcards to help first-year students grasp core subjects quickly.

Know More

New

2^nd Year Law Notes

Structured notes with flashcards to help second-year students grasp core subjects quickly.

Know More

New

3^rd Year Law Notes

Structured notes with flashcards to help third-year students grasp core subjects quickly.

Know More

News and Recent Judgment Gist (BETA)

News
Gist

1. Hindustan Laboratories, RK Steel get Sebi nod to float IPOs

Hindustan Laboratories, RK Steel get Sebi nod to float IPOs

Hindustan Laboratories, RK Steel get Sebi nod to float IPOs - Industry - 1 min read Hindustan Laboratories, RK Steel get Sebi nod to float IPOs The two companies, which filed their preliminary IPO papers in September, obtained Sebi's observations on April 27. New Delhi, Generic drug maker Hindustan Laboratories and steel tubes and pipes manufacturer RK Steel Manufacturing Company have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Thursday. The two companies, which filed their preliminary IPO papers in September, obtained Sebi's observations on April 27. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Hindustan Laboratories' maiden public offering comprises a fresh issue of 50 lakh shares, along with an offer for sale (OFS) of 91 lakh shares by the promoter, according to the draft red herring prospectus (DRHP). Hindustan Laboratories is an Indian pharmaceutical company primarily engaged in the large-scale manufacturing and supply of generic medicines to government institutions under a business-to-government (B2G) framework. RK Steel Manufacturing Company's IPO is entirely a fresh issue of up to 2 crore equity shares with no OFS component, draft papers showed. The company plans to allocate funds towards repayment or prepayment of certain borrowings, working capital requirements, and general corporate purposes.

2. RBI's ECL norms may cause up to 120 bps one-time hit for banks: Crisil

RBI's ECL norms may cause up to 120 bps one-time hit for banks: Crisil

RBI unveils final ECL norms, sets April 2027 deadline for new asset classification framework - Regulators - 2 min read RBI unveils final ECL norms, sets April 2027 deadline for new asset classification framework The Reserve Bank of India (RBI) on Monday released its final guidelines on asset classification and provisioning for lenders, marking a significant shift toward a more forward-looking risk assessment framework. Mumbai, The Reserve Bank of India (RBI) on Monday released its final guidelines on asset classification and provisioning for lenders, marking a significant shift toward a more forward-looking risk assessment framework. The rules, which were first proposed in draft form in October last year, will come into force from April 1, 2027, despite banks urging the regulator to delay implementation. At the heart of the new framework is the introduction of the Expected Credit Loss (ECL) approach, a global standard that requires banks to proactively estimate potential losses on their loan portfolios. Unlike the existing system, which largely relies on incurred losses, the ECL model compels lenders to account for likely future defaults and build adequate financial buffers in advance. Under the new norms, banks will adopt a "staging framework" to classify financial assets based on changes in credit risk since initial recognition. If there is no significant increase in credit risk, the asset will fall under Stage 1, where lenders will provide for losses based on a 12-month expected credit loss estimate. However, if credit risk has risen meaningfully, the asset will move to Stage 2, requiring provisioning based on lifetime expected losses, even if the loan is not yet impaired.

3. Allahabad HC dismisses plea seeking FIR against Rahul Gandhi for 'fighting Indian State' remark

Allahabad HC dismisses plea seeking FIR against Rahul Gandhi for 'fighting Indian State' remark

Allahabad HC dismisses plea seeking FIR against Rahul Gandhi for 'fighting Indian State' remark - Litigation - 1 min read Allahabad HC dismisses plea seeking FIR against Rahul Gandhi for 'fighting Indian State' remark - Published On May 1, 2026 at 04:13 PM IST Prayagraj, Allahabad High Court on Friday dismissed a petition seeking registration of an FIR against Congress leader Rahul Gandhi for an alleged controversial remark in 2025. Justice Vikram D Chauhan passed the order after hearing a petition filed by Simran Gupta of the right-wing organisation Hindu Shakti Dal. Gupta challenged a Sambhal court's rejection of her plea seeking directions to lodge an FIR against Gandhi, the Leader of the Opposition in the Lok Sabha. The petitioner had alleged that Gandhi, during the inauguration of the All India Congress Committee office in 2025, stated that "we are now fighting the BJP, the RSS, and the Indian State itself." Justice Chauhan had, on April 8, reserved the order after hearing the counsels of the petitioner and the state government at length. - By Online Bureau, - PTI - Published On May 1, 2026 at 04:13 PM IST All Comments By commenting, you agree to the Prohibited Content Policy PostBy commenting, you agree to the Prohibited Content Policy PostFind this Comment Offensive? Choose your reason below and click on the submit button. This will alert our moderators to take actionsJoin the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! - Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.

4. Allahabad HC upholds land acquisition for Noida airport expansion, stresses rehabilitation measures

Allahabad HC upholds land acquisition for Noida airport expansion, stresses rehabilitation measures

Allahabad HC upholds land acquisition for Noida airport expansion, stresses rehabilitation measures - Litigation - 1 min read Allahabad HC upholds land acquisition for Noida airport expansion, stresses rehabilitation measures The court held that the acquisition process had been carried out in full compliance with the provisions of the 2013 land acquisition law and that there was no material irregularity in it. Prayagraj, The Allahabad High Court has upheld land acquisition for the expansion of the Noida International Airport in Gautam Buddh Nagar district, dismissing petitions filed by affected landowners. The court held that the acquisition process had been carried out in full compliance with the provisions of the 2013 land acquisition law and that there was no material irregularity in it. A division bench comprising Justice M C Tripathi and Justice Kunal Ravi Singh while deciding a batch of writ petitions observed, "In view of the foregoing discussion and for the reasons stated herein above, this Court finds no merit in the challenge raised by the petitioners to the impugned notifications dated April 11, 2025 and October 24, 2025." However, the bench directed the authorities to ensure that rehabilitation measures are fully implemented before taking possession of residential lands. Disposing of the petitions filed by a group of villagers and farmers, including Vijay Pal Singh and others, the court, in its April 28 judgment, held that the acquisition process had been carried out in full compliance with the provisions of the 2013 land acquisition law. The court noted that there was no material irregularity in the process and emphasised that the statutory framework had been followed at every stage from the issuance of notifications to the award of compensation. Significantly, the bench observed that the petitioners had not opposed the acquisition of agricultural land…

5. Conviction Rate At 94% Despite Legal Challenges, Says Probe Agency Chief

Conviction Rate At 94% Despite Legal Challenges, Says Probe Agency Chief He added that India's role in global anti-money laundering efforts has expanded.

1. Shankar Khandelwal vs. Omkara Asset Reconstruction Pvt. Ltd. and Ors. (29.04.2026 - SC)(MANU/SC/0421/2026)

The Supreme Court of India addressed whether the application filed by Omkara Asset Reconstruction Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code was within the limitation period. The

2. R. Iyyappan and Ors. vs. Union of India (UOI) and Ors. (29.04.2026 - SC)(MANU/SC/0420/2026)

The Supreme Court of India addressed the dispute between R. Iyyappan and others versus the Union of India regarding the regularisation of daily-wage employees at the Mahendragiri Unit. The core issue

3. Ashwini Kumar Upadhyay vs. Union of India (UOI) and Ors. (29.04.2026 - SC)(MANU/SC/0419/2026)

The Supreme Court of India addressed whether it could create or expand criminal offences related to hate speech without legislative action in the case of Ashwini Kumar Upadhyay vs. Union of India. The

4. Vishnu Traders vs. State of Haryana and Ors. (02.11.1993 - SC)(MANU/SC/1124/1993)

The Supreme Court of India addressed the inconsistency in conditions for granting stays by different benches of the High Court in the case of Vishnu Traders vs. State of Haryana and Ors. The court not

5. State Bank of India and Ors. vs. Doha Bank Q.P.S.C. and Ors. (28.04.2026 - SC)(MANU/SC/0414/2026)

The Supreme Court of India addressed the validity and enforceability of corporate guarantees under the Insolvency and Bankruptcy Code, 2016, in the case between State Bank of India and others versus D

View More Gist.. View More News..

Manupatra Certified Legal Research Program

Module-based learning : Legal research skills : Certification test

Learn More

Law Students Hub

Notes : Flashcards : Landmark Cases & more…

Learn More

New

Legal Glossary

Complex terms decoded : Easy explanations

Learn More

Courses

Structured learning : Practice-oriented modules : Different stages of legal practice

Learn More

On-demand Courses

Recorded classes : Comprehensive reading material :Quiz

Learn More

Self-Paced Certification

Courses to upskill or reskill

Learn More

Webinars

Recordings of experts views :Diverse topics

Learn More

Law Teachers Hub

Readings : Resources for legal educators

Learn More

Legal Posts

Explainers : Blogs : Articles : Case Analysis

Learn More

Survey Reports

AI Adoption : Technology in law

Learn More

Illustrated Cases

Legal Design : Supreme Court Cases : Multilingual Exploration

Learn More

Our Partners

Why Join Manupatra Academy

Brought to you by Manupatra the leaders in legal tech domain.

Curated Resources: A vast repository of meticulously compiled resources tailored for educators and learners.
Diverse Courses: An array of courses designed to cater to various levels of expertise, from beginners to advanced.
User-Friendly Interface: Accessible on any device, our intuitive interface ensures seamless navigation.

What Our Learners Say

User-Friendly Interface: Accessible on any device, our intuitive interface ensures seamless navigation.

Certification Courses 3-Day Civil Drafting Workshop

It was extremely beneficial and practical… really helped me understand the nuances of civil drafting and boosted my confidence in preparing real pleadings.

Certification Courses 3-Day Civil Drafting Workshop

The sessions were so insightful and well-structured… the faculty explained every concept with patience and clarity, which made learning much easier.

Certification Courses 3-Day Civil Drafting Workshop

Honestly, it was a great learning experience… the course covered everything from plaints to petitions in such a smooth and engaging way.

Certification Courses 3-Day Civil Drafting Workshop

The workshop was very hands-on and practical… I really liked the live feedback and the real examples shared during drafting exercises.

Certification Courses 3-Day Civil Drafting Workshop

Very well conducted and informative… I just wish it could’ve been a bit longer because the sessions were that helpful.

Certification Courses Mastering Microsoft Word for Legal Work

The session was honestly eye-opening! I never realized how much time I was wasting on formatting until now.

Certification Courses Mastering Microsoft Word for Legal Work

Really practical and focused on what lawyers actually need… I can already see how it’ll save hours in my daily work.

Certification Courses Mastering Microsoft Word for Legal Work

The trainer made even the technical tools so easy to understand… and I loved how they used real pleading examples.

Certification Courses Mastering Microsoft Word for Legal Work

Very relevant for lawyers and interns alike… it bridges the tech gap we all face while working on documents.

Certification Courses Mastering Microsoft Word for Legal Work

A concise and super useful masterclass… I now feel confident managing citations, templates, and formatting with ease.