Insolvency process reform urged to prevent stalled real estate projects remaining incomplete and protect consumers and creditors.
NCLT has not delivered expected revival of stalled real estate projects, prompting calls for reform of insolvency processes to protect consumers and bank creditors. The minister urged measures to curb cash dealings, align circle rates with market values, prevent diversion of escrowed funds under the real estate regulatory regime, and strengthen oversight. Administrative reforms including single window clearances, faster approvals and replication of state best practices are recommended to prevent project distress and aid completion.

Extension of claim deadline sought to permit excluded electors to file Aadhaar-backed claims after a surge in submissions.
The Supreme Court will hear petitions by RJD and AIMIM seeking an extension of the deadline to file claims and objections in Bihar's Special Intensive Revision after a surge in Aadhaar-enabled and online filings; petitioners allege booth-level acknowledgments were not reflected in EC updates and that officials insisted on additional documents contrary to court directions, and they request extra time to allow excluded voters to submit claims and avoid disenfranchisement.

Extension of claim-filing deadline sought to let excluded electors submit claims and protect electoral roll integrity.
Political parties applied for extension of the SIR claim-and-objection deadline, asserting a sharp rise in filings after a court direction permitting Aadhaar-based submissions and increased activity by BLAs. They allege many Aadhaar-accompanied claims were collected and acknowledged but not recorded in EC status reports, and that officers in several districts refused Aadhaar-only submissions, insisting on other documents. Parties seek a time extension and directions to accept Aadhaar and online filings to enable excluded electors to submit claims and protect the purity of the electoral rolls.

Data protection and competition coordination to align digital markets regulation and promote consultative oversight for innovation.
Coordination between data governance and competition policy was central, focusing on the interaction between the Digital Personal Data Protection Act and competition law in digital markets. Presentations covered the DPDP Act, Competition Act, and CCI's digital markets work, and CCI affirmed readiness for regular consultation with the ministry to align data protection, consumer welfare, and competition principles. The ministry plans market studies to build an evidence base for possible ex-ante digital competition regulation following stakeholder consultations.

Insolvency petition over disputed licence royalties contested as recovery matter; appellate tribunal to consider admissibility of insolvency proceedings.
An appeal challenges dismissal of an insolvency petition over unpaid royalties under a trade licence for the trademark BEING STRONG; the tribunal found a limited undisputed sum but held most claimed amounts to be disputed debt falling within recovery proceedings rather than insolvency initiation, noting licence terms granting the licencee manufacture and marketing rights subject to prior intimation and pre-approval by the licensor's authorised representative.

Auditor independence must be assured by audit committees to safeguard financial reporting and strengthen corporate governance.
Audit committees must ensure auditor independence and effective communication among management, independent directors and auditors. They should oversee external auditors, monitor related party transactions and disclosures, and ensure comprehensive internal controls because weak controls can compromise the truthfulness of financial statements. Auditors are urged to adopt a risk-based audit approach and use technology to strengthen audit quality and foster transparency in corporate governance.

Mandatory Biometric Update required for children; schools to run camps and use UDISE+ to track pending updates.
UIDAI directs schools to organise targeted camps for the Mandatory Biometric Update (MBU) at ages five and fifteen, warning that untimely updates may hinder biometric authentication for government benefits and examinations. UIDAI and the Department of School Education and Literacy have integrated MBU status into UDISE+ so schools can identify students with pending updates and coordinate completion of outstanding MBUs.

Draft red herring prospectus filed; proposed IPO subject to regulatory approvals and market conditions, investors cautioned.
Urban Company Limited has filed a draft red herring prospectus with the securities regulator and proposes an initial public offering of equity shares, subject to receipt of requisite regulatory approvals, market conditions and other considerations; the company directs potential investors to the DRHP and related manager and exchange websites, emphasizes that investors should review the "Risk Factors" in the prospectus and cautions that the DRHP should not be relied upon for investment decisions.

Competition approval: acquisition of Jaiprakash Associates by Adani Group entities cleared, target in insolvency process.
Approval under competition law has been granted for the proposed acquisition of up to 100% of Jaiprakash Associates Limited by Adani Enterprises Limited and Adani Infrastructure and Developers Private Limited or other Adani group entities, constituting merger control clearance for the notified combination. The target is undergoing corporate insolvency resolution under the Insolvency and Bankruptcy Code, and the acquirers comprise the group's flagship industrial company and its realty holding company; a detailed order will follow.

Judicial integrity probe ordered after appellate tribunal member alleges approach for favourable order, inquiry to be conducted by secretary general.
A judicial inquiry has been ordered into an allegation that a senior member of the higher judiciary approached a judicial member of the National Company Law Appellate Tribunal seeking a favourable order, with the Supreme Court directing its secretary general to conduct the probe and decide the future course of action. The allegation was recorded in a two paragraph recusal order when the judicial member withdrew from hearing an appeal arising from initiation of the Corporate Insolvency Resolution Process against a realty firm.

Public shareholding deadline relaxation proposed to ease very large IPOs, paired with tighter oversight of unregistered financial influencers.
SEBI proposes extending the timeline for the public shareholding requirement for exceptionally large IPOs and advises conservative valuation practices for merchant bankers and anchor investors to limit post-listing price erosion. At the same time, SEBI is escalating enforcement against unregistered investment advisors and financial influencers through platform-level advertisement verification, active monitoring and takedown requests, and targeted enforcement while promoting investor education to identify legitimate advisors.

Absence of criminal intent in alleged audit lapses leads to closure report acceptance, urging stronger regulatory compliance measures.
The CBI concluded that audits by the firm violated SEBI circulars but that there was an absence of sufficient material to establish criminal intent; it found no prosecutable evidence of trading system compromise or market manipulation and identified failures in the exchange's mechanisms to verify audit authenticity, recommending regulatory safeguards.

Digital financial inclusion cooperation: India offers UPI, Jan Dhan and Aadhaar expertise to Fiji and health partnership.
India offered to share operational experience in UPI, Jan Dhan and Aadhaar with Fiji as capacity-building technical assistance to strengthen digital financial inclusion, delivered through training programmes and cooperation channels. Concurrently, a Memorandum of Understanding was signed to establish a super-speciality hospital in Fiji, reflecting an operational health infrastructure partnership alongside broader cooperation on training and climate resilience under bilateral development programmes.

Partnership firm registration portal upgraded to enable faster, transparent online registration and integrated one stop submissions.
The Registrar of Partnership Firms 2.0 portal modernises online registration by enabling submission, fee payment, document upload, objection filing and digital delivery of certificates; it migrates data to permanent cloud storage, provides dedicated technical support, introduces a rectification facility and online user ID/password reset, and integrates with the Ease of Doing Business one stop window to streamline partnership firm applications and reduce administrative burden.

NRC finalisation: insist SIR of electoral rolls await completed citizenship register to protect voter inclusion.
NRC finalisation must precede any special intensive revision of electoral rolls because SIR without a completed and inclusive citizenship register will risk exclusion of genuine electors, disproportionately affecting migrant workers, minorities and disadvantaged groups. The statement also opposes suspension of adult Aadhaar enrolment, asserts that Aadhaar is not proof of citizenship, warns that halting enrolment harms poor and illiterate persons lacking documents, and demands withdrawal of the decision to ensure transparency, inclusion, and protection of electoral participation.

Market-linked pension plans offer flexible accumulation and portfolio switching with full premium allocation and regulatory disclosures.
Canara HSBC Life Insurance launched the EZ Pension Plan with Policybazaar as a market-linked pension plan to help individuals build retirement corpus through market exposure. Key operative features are zero allocation charges (100% premium allocation), policyholder choice of retirement age and premium payment term, and unlimited free fund switches during the policy term. The plan is available on Policybazaar, and the issuer has filed a draft red herring prospectus regarding a potential IPO, with a caution that investors should rely on the eventual RHP and disclosed risk factors.

Identity theft and document forgery used to open accounts and issue fake admission letters, enabling fraud through impersonation.
Unauthorized replication of a resident's biometric identity and related document forgery were used to open a bank account and obtain a SIM, while forged admission letters and impersonation of a medical regulatory official induced victims to transfer funds, giving rise to alleged offences of identity theft, forgery, cheating by personation, cheating inducing delivery of property, criminal breach of trust, and IT law violations.

Wetland boundary demarcation ordered promptly; court also addressed Aadhaar voter evidence and scrutiny of judicial orders.
Supreme Court directed expedited ground truthing and boundary demarcation of wetlands to remedy administrative delay and ensure environmental compliance; it emphasised prompt state action to operationalise statutory wetland protections. The summary also records judicial-management scrutiny following multiple orders by a single judge prompting higher court intervention and the Court's clarification that Aadhaar alone cannot serve as sole evidence for voter enrolment, requiring Aadhaar with other supporting documents.

Aadhaar proof of identity: cannot alone secure voter enrolment; supplemental documents required and SIR procedures remain operative.
Supreme Court guidance allowed submission of Aadhaar with other documents for persons excluded in the SIR but did not treat Aadhaar as sole proof for voter enrolment. The BJP asserted that Aadhaar is limited to identity and residence and does not establish citizenship under the Aadhaar regime; treating it as sufficient would conflict with the Representation of the People Act. The party noted deletions from the Bihar draft roll, the court's order to publish deleted names for reapplication, and a low number of objections filed.

Eviction drives and citizenship controls raise questions about Aadhaar restrictions and direct return procedures without prior judicial processes.
State eviction operations target unauthorised occupation of public and forest lands, with the government restricting first-time Aadhaar issuance to persons over eighteen to curb alleged illegal immigration and stating that persons identified as foreign nationals will be directly returned without the earlier court or detention processes; an organisation has condemned the actions as discriminatory and called for removal of the chief minister and criminal proceedings for alleged hate speech.