Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.

India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.

Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.

IGST on Raw Sugar imported under the Advance Authorisation Scheme and converted to the Tariff Rate Quota Scheme must be paid through reassessment of the bill of entry at the port of import. The out-of-charge order is cancelled, tax is paid through an electronic challan in the Customs EDI System, and a notional out-of-charge order enables transmission of payment details to the GSTN portal. Interest is waived, the procedure is available once per bill of entry, and input tax credit remains subject to statutory conditions.

All provisions of the Tribunals Reforms Act, 2026 came into force on 25 August 2026. The notification activates the Act in its entirety from that date, making its reforms and statutory framework operational.

Cyber incident reporting by regulated entities must be made through SEBI's Cyber Incident Reporting Portal, aligned with the Financial Stability Board's Format for Incident Reporting Exchange (FIRE). The aligned portal requires structured reporting using common information fields, standard definitions and consistent incident classifications, supporting harmonised reporting. It permits reporting across the incident lifecycle, including initial notification, intermediate updates and final closure, recognising that complete information may not be available initially. Regulated entities must establish systems to implement the portal-based reporting requirement and make any necessary amendments to their bye-laws, rules or regulations. The requirement operates alongside applicable cybersecurity and cyber-resilience reporting obligations.

Market Infrastructure Institutions must implement a system-driven IT Resilience Index to measure the robustness of critical IT systems and related systems. The Index covers availability, security, integrity, governance, reliability and monitoring, business continuity, modularity and flexibility, scalability, and incident handling. Institutions must compute the Index half-yearly, submit comparative results and corrective actions to their technology committee and governing board, and limit manual data retrieval to exceptions discussed with the technology committee. They must also establish an early warning system, continuous service-delivery dashboards, and monitoring procedures. The framework, including early warning and real-time monitoring, must be operational by February 28, 2027, with the first computation for the half-year ending March 31, 2027.

Apollo World Connect Ltd. is appointed custodian under Section 45(1) of the Customs Act, 1962 for imported goods landed at Kamarajar Port and received at its container freight station, until clearance for home consumption, warehousing or transhipment. It is also appointed custodian of export cargo brought into its premises until export from that port. The custodian must comply with Section 45, the Handling of Cargo in Customs Areas Regulations, 2009, and applicable rules, regulations and instructions. The appointment takes effect from 21 August 2026.

Specified container freight station premises at Kattupalli are declared a Customs Area for handling imported full-container-load and less-than-container-load cargo arriving from Kamarajar Port, excluding passengers' unaccompanied baggage, and for handling export cargo until export. Import and export cargo must be processed under the Handling of Cargo in Customs Areas Regulations, 2009, and applicable customs public notices. The designation takes effect on 21 August 2026 and continues the stated cargo-handling scope previously notified for the premises.

Registered persons whose aggregate turnover in a financial year exceeds the prescribed threshold must include a Quick Response (QR) code on invoices issued to unregistered persons. A B2C invoice is deemed to have a QR code where a dynamic QR code is displayed digitally to the recipient and the invoice contains a cross-reference to payment through that code. The requirement takes effect from 1 April 2020.

Rule 5 of the Arunachal Pradesh Goods and Services Tax (Fourth Amendment) Rules, 2019 comes into force on 1 April 2020. The Government fixes this commencement date under the authority conferred by rule 5, following the recommendations of the Council, for application within the State goods and services tax framework.

Registered persons whose aggregate turnover in a financial year exceeds one hundred crore rupees must prepare invoices in accordance with sub-rule (4) of rule 48 of the Arunachal Pradesh Goods and Services Tax Rules, 2017. The requirement applies to supplies of goods, services, or both made to another registered person and takes effect from 1 April 2020.

Long-term capital gains from share sales supported by purchase and sale documents, share certificates, demat statements and bank records cannot be treated as unexplained money solely on a general investigation report alleging penny-stock manipulation. An addition requires independent enquiry or material connecting the taxpayer or brokers with accommodation entries and must address the transaction-specific documentary evidence. Reliance on third-party statements without an opportunity for cross-examination weakens the proposed addition. General suspicion concerning a scrip does not displace substantiated evidence of the particular share transactions; the gains were treated as genuine and the addition was deleted.

Common Goods and Services Tax Electronic Portals are designated for preparation of invoices under the prescribed electronic invoicing framework. The designated portals comprise einvoice1.gst.gov.in through einvoice10.gst.gov.in and are managed by the Goods and Services Tax Network. The designation takes effect from 1 January 2020 for invoice preparation under the applicable State and integrated goods and services tax regimes.

Electronic invoice preparation is prescribed for notified classes of registered persons. Covered persons must include FORM GST INV-01 particulars and obtain an Invoice Reference Number by uploading relevant information on the Common Goods and Services Tax Electronic Portal, subject to specified conditions and restrictions. An invoice issued otherwise by a covered person is not treated as an invoice. General invoice preparation requirements do not apply to invoices prepared through this electronic invoicing mechanism.

Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.

For registered persons with aggregate turnover above Rs. 5 crore, delayed GSTR-3B filing for specified 2020 periods attracts nil interest for the first 15 days after the due date, 9% interest for the prescribed reduced-rate period, and 18% thereafter. For taxpayers below Rs. 5 crore, nil interest applies up to separately specified dates, followed by 9% interest until 30 September 2020 and 18% thereafter. Late-fee waiver for specified GSTR-3B periods is conditional on filing by the applicable prescribed date.

SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.

Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.

Refund of accumulated input tax credit for supplier-issued invoices is confined to credit supported by details uploaded in FORM GSTR-1 and reflected in the applicant's FORM GSTR-2A. Uploading copies of missing invoices with a refund application does not make such credit refundable. This restriction does not apply to ITC relating to imports, Input Service Distributor invoices, or inward supplies liable to reverse charge; refund treatment for those categories continues without rejection solely for non-reflection in FORM GSTR-2A.