The Disciplinary Committee found that the Resolution Professional delayed admission of a financial creditor’s claim and failed to progress the CIRP in accordance with the Code. The decision highlights the duty to promptly comply with tribunal orders and statutory timelines.
RBI has notified the Credit Derivatives Directions, 2026, replacing the 2022 framework. The Directions introduce a comprehensive regulatory regime for CDS, TRS, exchange-traded credit derivatives, and credit index futures with detailed participant and operational guidelines.
The Advocates Tax Bar Association has requested extension of the GSTAT appeal filing deadline to 31 December 2026, citing persistent portal-related technical difficulties. The representation argues that taxpayers should not lose their statutory right of appeal due to system issues.
SEBI has proposed significant changes to trading software and IT regulations by merging overlapping provisions and removing obsolete requirements. The consultation paper focuses on modernizing regulatory compliance and improving operational efficiency.
The Food Safety and Standards Authority of India (FSSAI) has notified the Food Safety and Standards (Licensing and Registration of Food Businesses) Second Amendment Regulations, 2026, effective from the date of publication in the Official Gazette. The amendments follow public consultation on the draft regulations issued in January 2026 under Section 92 of the Food […]
KSCAA has urged the Government to extend the GSTAT appeal filing deadline by three months, citing technical glitches, procedural ambiguities, and compliance challenges. The representation also seeks detailed guidance to ensure uniform and error-free appeal filings.
IRDAI has proposed comprehensive amendments to insurance intermediary regulations to implement the SBSR Act, 2025. The proposals simplify registration, introduce annual fees, strengthen governance, and enhance policyholder protection.
The Department of Posts has introduced Aadhaar-based e-KYC operations in Branch Post Offices, enabling paperless deposits, withdrawals, and account interoperability. The order strengthens digital banking while mandating mobile-linked accounts for secure transactions.
Kangra Central Cooperative Bank Limited Vs Kangra Central Cooperative Bank Pensioners Welfare Association (REGD.) & Ors. (Supreme Court of India) The Supreme Court considered a Special Leave Petition (SLP) filed by Kangra Central Cooperative Bank Limited challenging the dismissal of its review petition by the Himachal Pradesh High Court. Before examining the merits of the […]
IRDAI has released draft amendments simplifying the registration framework for foreign reinsurers and Lloyd’s India while introducing new compliance requirements. Stakeholders may submit comments on the exposure draft by 10 July 2026.
