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1. RBI issues draft for future-ready rules related to foreign investments

RBI issues draft for future-ready rules related to foreign investments - Regulators - 3 min read RBI issues draft for future-ready rules related to foreign investments The Reserve Bank of India has pr

2. NCLT stays Byju's bidding process till next hearing

NCLT stays Byju's bidding process till next hearing

NCLT stays Byju's bidding process till next hearing - Litigation - 1 min read NCLT stays Byju's bidding process till next hearing New Delhi, Insolvency tribunal NCLT has directed the resolution professional of debt-ridden Think & Learns, which owns edutech brand Byjus, not to proceed with Form G till the next hearing scheduled on August 31, 2026. The Form G bidding process under Insolvency and Bankruptcy Code (IBC) is a public invitation by a Resolution Professional for prospective buyers to submit an Expression of Interest (EoI), featuring asset details, eligibility criteria, and a submission timeline. A two-member Bengaluru bench of the National Company Law Tribunal (NCLT) -- not to proceed with the Form G invitation for bids or finalise the list of prospective resolution applicants until August 31, when it will hear the founders' challenge to the claim in the company's insolvency. NCLT direction came over an application filed by founders Byju Raveendran and Riju Ravindran questioning the quantum of the claim of GLAS Trust Company LLC, the US agent for lenders to a USD 1.2-billion term loan taken by a group entity, whose admitted claim of about Rs 11,433 crore gives it more than 99 per cent of the voting power on the committee of creditors. The founders argued that allowing the claim to stand without scrutiny could significantly influence the corporate insolvency resolution process and affect the outcome of any bidding. The case is part of the ongoing insolvency process involving Byju's, which has faced financial stress, legal disputes with lenders, and multiple regulatory and operational challenges over the past year.

3. Finolex shares row: NCLAT upheld NCLT's order allowing amendment in 9-year-old company petition

Finolex shares row: NCLAT upheld NCLT's order allowing amendment in 9-year-old company petition

Finolex shares row: NCLAT upheld NCLT's order allowing amendment in 9-year-old company petition - Litigation - 3 min read Finolex shares row: NCLAT upheld NCLT's order allowing amendment in 9-year-old company petition A two-member NCLAT bench has upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had on June 1, 2026, permitted Deepak Chhabria to amend his 2016 company petition, leaving the question of limitation open to be decided when the main case is finally heard. New Delhi, The NCLAT has dismissed appeals filed by Prakash P Chhabria against an NCLT order allowing his brother Deepak Kishan Chhabria to amend a nine-year-old company petition related to a long-running boardroom battle over Finolex shares. A two-member NCLAT bench has upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had on June 1, 2026, permitted Deepak Chhabria to amend his 2016 company petition, leaving the question of limitation open to be decided when the main case is finally heard. This NCLT order was challenged by two appeals, one from Prakash Chhabria and another from Orbit Electricals before the National Company Law Appellate Tribunal (NCLAT). In January 2026, Deepak sought to amend the petition to seek rectification of the register of members, deletion of Prakash's name from the register, return of the original share certificates and to challenge amendments in the Articles of Association, which were approved at extraordinary general meetings held in 2019 and 2021. Opposing it, Prakash's counsel Abhishek Manu Singhvi argued that the amendment was hopelessly time-barred and that allowing it would defeat a valuable right of limitation that had already accrued in his client's favour. He cited several Supreme Court precedents to buttress the limitation plea, while conceding no objection to…

4. Strides Pharma’s GCC demerges into independent pharma operations firm with ₹100 crore investment

Strides Pharma’s GCC demerges into independent pharma operations firm with ₹100 crore investment

Strides Pharma’s GCC demerges into independent pharma operations firm with ₹100 crore investment - Corporate & Business - 1 min read Strides Pharma’s GCC demerges into independent pharma operations firm with ₹100 crore investment Pivot Path also announced plans to establish a dedicated European office to support multinational pharmaceutical manufacturers operating in regulated European markets. Pivot Path Pvt Ltd, formerly the Arco Lab Global Capability Centre (GCC) of Strides Pharma Science Ltd, has demerged into an independent pharmaceutical operations and technology company after securing ₹100 crore in funding from Ascent Capital Advisors and co-investor Vintage Classic. The demerger, approved by the National Company Law Tribunal (NCLT) in May 2026, formalises the transformation of Arco Lab from Strides Pharma’s centralised GCC into an independent pharmaceutical operations and innovation platform. “Pivot Path, the demerged entity of Arcolab, is entering a defining new chapter, one that accelerates our vision of shaping the next generation of life sciences through the convergence of deep domain expertise and intelligent technology,” said Shashidhar KL, CEO, Pivot Path. According to the company’s statement, the investment values Pivot Path at ₹230 crore and includes ₹50 crore in primary capital, which will be used for technology development and global expansion. Pivot Path also announced plans to establish a dedicated European office to support multinational pharmaceutical manufacturers operating in regulated European markets. According to the company, the expansion aims to strengthen local regulatory expertise while maintaining global operational standards. For FY26, Pivot Path reported revenue of ₹147 crore with EBITDA profitability. The company said it serves more than 70 pharmaceutical and life sciences clients across Asia, Europe, North America and other…

5. CCI seeks public comments on IndiGo offer in abuse of market dominance case

CCI seeks public comments on IndiGo offer in abuse of market dominance case - Regulators - 3 min read CCI seeks public comments on IndiGo offer in abuse of market dominance case The country's largest

CCI seeks public comments on IndiGo offer in abuse of market dominance case

CCI seeks public comments on IndiGo offer in abuse of market dominance case - Regulators - 3 min read CCI seeks public comments on IndiGo offer in abuse of market dominance case The country's largest airline IndiGo has proposed measures such as setting up a crisis management group, not to overcharge passengers and temporarily hand over slots to airport authorities in case of large-scale flight disruptions as part of commitments to address the alleged abuse of market dominance by the airline that the Competition Commission of India (CCI) is investigating. New Delhi, The country's largest airline IndiGo has proposed measures such as setting up a crisis management group, not to overcharge passengers and temporarily hand over slots to airport authorities in case of large-scale flight disruptions as part of commitments to address the alleged abuse of market dominance by the airline that the Competition Commission of India (CCI) is investigating. The CCI on Thursday invited public comments on the commitment proposal submitted by IndiGo's parent company InterGlobe Aviation Limited, following the alleged unfair trade practices by the airline during the widespread flight disruptions in December 2025 which resulted in widespread chaos in the country's aviation sector. The Competition (Amendment) Act, 2023, provides a settlement and commitment mechanism which allows companies facing CCI's antitrust investigations to voluntarily offer corrective measures or agree to certain terms to resolve cases without prolonged litigation. The objective of the provision is to reduce litigation and ensure quicker market correction. The commitment proposal by IndiGo proposes constituting a Crisis Management Group virtually within 15 minutes of a large-scale disruption and physically activating it at the command centre within one hour.

1. Dilip Agarwal vs. Rajshri Agarwal and Ors. (22.07.2026 - SC)(MANU/SC/0730/2026)

The Supreme Court of India addressed whether the death of Anand, allegedly occurring in Dilip Agarwal's vehicle, arose out of the use of the motor vehicle, thereby making Dilip or his insurer liable f

2. Sanjay Kumar vs. The State of Bihar and Ors. (21.07.2026 - SC)(MANU/SC/0729/2026)

The Supreme Court of India addressed whether the concurrent acquittal of Nakul Prasad by the Trial Court and the High Court was perverse or manifestly illegal, warranting interference under Article 13

3. X vs. State of Bihar and Ors. (21.07.2026 - SC)(MANU/SC/0728/2026)

The Supreme Court of India addressed whether the appellant, a juvenile accused of murder, should be tried as an adult under the Juvenile Justice Act. The parties involved were the appellant, whose ide

4. Standard Chartered Bank and Ors. vs. Enforcement Officer Ministry of Home Affairs and Ors. (21.07.2026 - SC)(MANU/SC/0721/2026)

The Supreme Court of India addressed whether the High Court erred in dismissing Standard Chartered Bank's petition under Section 482 of the CrPC due to an available alternative remedy under Section 39

5. National Aluminium Co. Ltd. vs. Gerald Metals SA (27.02.2004 - SC)(MANU/SC/0180/2004)

The Supreme Court of India addressed a dispute between National Aluminium Co. Ltd. and Gerald Metals SA regarding an arbitration agreement under which Gerald Metals sought an injunction to prevent Nat

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