IBBI revises CIRP form submission rules for insolvency professionals, with timelines, electronic filing, penalties, and compliance actions effective June 2025.
IBBI amends rules for insolvency process of personal guarantors to corporate debtors; new regulation on non-submission of repayment plans added.
Madras High Court invalidates customs order against Texwin Impex for duty drawback recovery, citing unreasoned decision and breach of natural justice by not considering exporter’s reply.
India restricts import of selected Bangladeshi goods to specific ports. New rules affect garments, food, plastics, and more, effective 17 May 2025.
CBIC directs enforcement of port restrictions on certain Bangladeshi imports, following DGFT policy update. Rules apply from 17 May 2025.
SEBI updates EBP platform norms for private placement of debt securities and listing timelines. New rules apply to REITs, InvITs, and municipalities.
SEBI extends deadline to November 17, 2025, for ODI and segregated FPI disclosure rules under its December 2024 circular; other provisions remain unchanged.
TN Government issues guidance on rectifying apparent errors under Section 161 of the TNGST Act, 2017. Includes timelines and officer responsibilities.
FSSAI directs FBOs to file closure reports for expired licenses via FoSCoS to maintain compliance and avoid penalties under the Food Safety Act, 2006.
CAIT urges Commerce Minister to ban Pakistani flags, T-shirts, and mugs on e-commerce platforms amid Operation Sindoor, citing national security concerns.
