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    Rahul's allegations against EC reflect his 'mental bankruptcy', he should apologise: MP CM
    BPSL liquidation case: CoC opposes in SC plea of ex-promoters
    SC starts re-hearing BPSL liquidation case
    The Cascades Neopolis in Hyderabad Becomes World’s Largest and India’s Only Residential Project to Achieve WELL Pre-Certification
    CCI approves acquisition of Jaiprakash Associates Limited by Dalmia Cement (Bharat) Limited
    Delhi LG approves proposal to make Aadhaar mandatory for issuing income certificate
    Dhami orders legal action against people fraudulently obtaining Aadhaar, voter cards
    Over 4 crore women benefited under PMMVY; registration drive extended till Aug 15: WCD
    SC refuses to stay Madras HC order restraining DMK from using OTP verification
    Mandatory Filing of Form IEPF-1A with Prescribed Excel Template under Rule 5 (4A) of the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016.
    Bangladeshi model used fake Indian documents to purchase properties
    Arrested Bangladeshi woman used fake documents to get Aadhaar, voter ID cards
    InCorp Restructuring Expands Nationwide Footprint to Strengthen India's Insolvency Ecosystem
    Aditya Institute of Management Studies and Research (AIMSR) Celebrates MCA Student Success with Top University Rankings
    SC recalls verdict ordering liquidation of Bhushan Power and Steel
    Not investigating any irregularities in Indiabulls, found no wrong: CBI tells SC
    Transfer of shares in Saraswati never consummated: NCLT on Jagan’s plea against Sharmila
    SC agrees to hear pleas for review of verdict on liquidation of Bhushan Steel
    CCI approves the proposed combination involving inter alia Anantam Highways Trust (“InvIT”), Alpha Alternatives Fund Advisors LLP (“Alpha Altern...
    Canara HSBC Life Insurance Launches SecureInvest- A Unit-linked Plan Offering Life Cover up to 100x of Annualised Premium
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August 8, 2025
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Election integrity questioned after allegations of voter-list manipulation; political leaders urged to avoid undermining constitutional institutions.
Election integrity is contested by allegations that voter lists were manipulated to benefit a party. The Chief Minister characterised these claims as baseless, demanded an apology, and warned that attacking the Election Commission-described as a constitutional body-and established electoral officers risks undermining trust in democratic institutions; he maintained that isolated mistakes do not warrant wholesale condemnation of the electoral system.
August 8, 2025
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Locus standi challenge to former promoters may bar intervention, upholding CoC commercial wisdom and plan finality under IBC.
The CoC contests the maintainability of former promoters' intervention, asserting the promoters lack locus standi, defending the sanctity of the CoC's commercial wisdom under the insolvency framework, and supporting the resolution plan it approved while claiming quantified EBITDA and delay-related interest losses; the resolution applicant disputes promoter standing and blames external asset attachment for implementation delays.
August 7, 2025
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Committee of creditors finality questioned amid rehearing of liquidation and promoter standing over implementation and operational profits.
The Supreme Court recalled its prior liquidation order of BPSL and is rehearing challenges arising from the approval and setting aside of JSW Steel's resolution plan, focusing on whether the CoC's commercial wisdom may be re-evaluated after approval, the CoC's functus officio status and obligation to implement the plan, the locus standi of erstwhile promoters to challenge the plan given alleged siphoning, and whether EBITDA and operational profits generated during CIRP must be accounted for in assessing plan viability.
August 6, 2025
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WELL certification advances residential wellness standards, recognizing a major project's integrated health and sustainability measures.
The Cascades Neopolis secured WELL v2 Pre-Certification Platinum and IGBC Green Homes Platinum, reflecting integrated design and operational measures across WELL's ten concepts-air, water, nourishment, light, movement, thermal comfort, sound, materials, mind, and community-supported by rainwater harvesting, solar and high-efficiency systems, construction debris recycling, and provision of EV charging bays to validate health- and sustainability-focused residential standards.
August 6, 2025
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Competition clearance for an insolvency-driven acquisition enables full transfer of a CIRP target to an acquirer entity.
Approval by the Competition Commission concerns a complete acquisition of Jaiprakash Associates Limited by Dalmia Cement (Bharat) Limited pursuant to a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, with the Acquirer as a wholly owned subsidiary of the Dalmia Bharat group and the target undergoing CIRP; a detailed order will follow.
August 5, 2025
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Aadhaar mandatory for income certificates to verify eligibility for government schemes after LG approval via state notification.
Aadhaar authentication will be required for issuance of income certificates under the Aadhaar Act to eliminate irregularities and to establish identity for determining eligibility for government schemes and subsidies; the Lieutenant Governor approved the proposal and directed the Revenue department to publicise the Aadhaar requirement, consistent with prior authorisations allowing states to mandate Aadhaar-based beneficiary identification.
August 4, 2025
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Fraudulent identity documents prompt administrative enforcement and prosecution, with officials ordered to detect issuance fraud and inspect services.
District magistrates are directed to take legal action against individuals who have obtained or issued ration cards, Aadhaar, voter IDs, Ayushman cards and similar documents in an inauthentic manner, to pursue those who facilitate fraudulent issuance, to continue removal of illegal encroachments, apply Operation Kalanemi against religious impersonation fraud, inspect government hospitals for medicines, staff, equipment and hygiene, and to expedite and monitor infrastructure repair and scheme implementation while promoting indigenous procurement.
August 4, 2025
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Maternity benefits scheme expanded with extended registration drive and Aadhaar-linked DBT and digital verification measures.
PMMVY has extended a special registration drive to enrol eligible pregnant and lactating women and delivers partial wage compensation via direct benefit transfer. The scheme is integrated with PMMVYSoft, using Aadhaar-based authentication, NPCI verification, Aadhaar-linked account transfers, an Integrated Grievance Module, a multilingual helpline, biometric facial recognition, and an automated due-list to identify and reach potential beneficiaries.
August 4, 2025
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Data protection and privacy: stay on OTP-based political enrolment remains pending further high court examination.
Refusal to stay an interim injunction preventing use of OTP verification for a political enrolment drive raises data protection and privacy concerns; the appellate bench declined to suspend a high court order restraining the party from using OTP messages amid allegations of collection of personal and Aadhaar details and questions about data-protection infrastructure, directing the parties back to the high court.
August 2, 2025
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Mandatory IEPF filing requirement: companies must submit corrected filings with prescribed Excel templates or face regulatory action.
Companies that transferred amounts to the Investor Education and Protection Fund or Central Government but filed required statements in formats other than the mandated Excel template must submit Form IEPF-1A with the prescribed Excel template under Rule 5(4A). The IEPF Authority will provide relevant SRNs and templates to companies' nodal officers to enable compliant filing; failure to comply within the specified deadline will attract regulatory action under the Companies Act, 2013.
August 1, 2025
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Identity fraud alleged after use of forged Indian documents to acquire property; investigation and document verification underway.
Allegations concern the use of forged Indian identity documents - including Aadhaar, ration card, voter ID and PAN - allegedly created with the aid of a local agent and used, together with an alleged partner's documents, to acquire properties. Law enforcement is investigating verification of the property transactions, authentication of the identity documents, and corroboration of the accused's professional and immigration background to determine the scope of the alleged identity fraud and related offences.
July 31, 2025
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Identity fraud in obtaining Indian identity documents triggers criminal probe and seizure of multiple identity records.
A foreign national used a valid foreign passport to enter India and, with assistance from agents and intermediaries, procured Indian identity documents including ration cards, Aadhaar and voter IDs; during passport verification police became suspicious, lodged complaints, conducted a raid, and seized both foreign and Indian identity documents while probing potential facilitators and verification lapses.
July 31, 2025
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Insolvency professional entity expansion enhances regional IBC restructuring capacity and client access for distressed businesses nationwide.
InCorp Restructuring Services LLP, a registered Insolvency Professional Entity, has onboarded new partners and expanded into ten major cities to enhance localized access to insolvency, resolution, and restructuring expertise under the Insolvency and Bankruptcy Code, integrating multidisciplinary capabilities-debt resolution, liquidation, M&A, due diligence, and compliance advisory-to strengthen nationwide capacity for time-sensitive, on-ground turnaround and stressed-asset mandates.
July 31, 2025
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Academic rankings: AIMSR MCA students achieve top university positions, highlighting the institute's academic and placement strengths.
AIMSR reports six MCA students achieved top University of Mumbai ranks and the highest institutional standings, attributing results to an application-oriented MCA curriculum, modern infrastructure, experienced faculty, and targeted career-readiness training. The institute links these academic achievements to robust placement outcomes from the prior cycle, presenting placement performance as evidence of program effectiveness and industry alignment.
July 31, 2025
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Recall of liquidation order prompts fresh review of resolution plan and IBC compliance to protect employees and revival.
The Supreme Court recalled its prior order that set aside JSW Steel's resolution plan for Bhushan Power & Steel and directed liquidation, concluding the earlier judgment failed to correctly apply the governing legal position and considered factual materials and arguments not properly advanced. The recall focuses on proper application of the Insolvency and Bankruptcy Code, the role of the Committee of Creditors' commercial wisdom, the consequences of judicial interference in approved resolution plans, and directs a fresh hearing to re-evaluate the matter.
July 30, 2025
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Investigation scope: no central agency probe found into alleged corporate loan irregularities; enforcement inquiries continue.
A central investigative agency reported to the apex forum that it is not investigating the non-banking financial company and has found no evidence of wrongdoing in its loan disbursements to corporate entities. Petitioners alleged company advances to related firms that routed funds to promoters, while company counsel described those allegations as fictitious and withdrew several petitions. Other enforcement bodies reported ongoing probes in discrete matters and indicated procedural or jurisdictional constraints on investigation, and the petition challenges a prior high court order.
July 30, 2025
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Transfer of shares not consummated: Company must reinstate original shareholders, correct register, and notify regulator.
The tribunal held the alleged gift transfers were not consummated because original share certificates were not delivered, preventing lawful registration of transferees; it directed the company to reinstate the original shareholders on the Register of Members and to notify the Registrar of Companies through appropriate filings.
July 29, 2025
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IBC procedural compliance challenged as review petitions seek reconsideration of liquidation order and approval process consequences
Review petitions challenge an order directing liquidation of Bhushan Steel and Power Limited under the Insolvency and Bankruptcy Code, contending that the setting aside of JSW Steel's resolution plan was unlawful. Multiple petitioners including former promoters, JSW, the Committee of Creditors and the resolution professional seek reconsideration after a prior finding that the resolution professional failed in statutory duties and the CoC did not properly exercise commercial wisdom in approving the plan. The Supreme Court has allowed open-court listing for oral hearing and issued notice.
July 29, 2025
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Competition clearance for InvIT acquisition of multiple road SPVs enabling unit allotment to sellers upon listing.
The Competition Commission approved a combination in which an InvIT, via its investment manager, will acquire entire shareholding in several road SPVs and a minority stake in another highway entity, with consideration payable by allotment of InvIT units to the selling shareholders upon listing. The sellers comprise the Sponsor and Sponsor Group and entities of the Dilip Buildcon group; the InvIT is registered under the InvIT regulatory framework and the Target SPVs operate road assets across multiple states.
July 29, 2025
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Life insurance cover: SecureInvest provides a very high multiple of annual premium with unit linked investment and loyalty additions.
Canara HSBC Life Insurance launched SecureInvest (UIN: 136L092V01), a non participating unit linked life savings plan combining market linked investment with high multiple life cover, Loyalty Additions from policy year ten and recurring thereafter, and Maturity Boosters. It offers two options-SecureInvest Choice (term cover plus fund value at maturity) and SecureInvest Forever (protection to age eighty five)-together with multiple fund choices, portfolio strategies, partial withdrawals, premium redirection and fund switching; premiums and benefits may attract tax treatment as per prevailing laws. The company has filed a draft red herring prospectus for a proposed IPO, with customary investor risk warnings and US offering restrictions.

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