NSE expanded the API-based single filing system to streamline disclosures across stock exchanges. The move reduces duplication while maintaining compliance under SEBI regulations.
The IBBI held that forming a Committee of Creditors without verifying claims violates core insolvency principles. The ruling emphasizes that claim verification is mandatory before granting voting rights or conducting CoC meetings.
The Disciplinary Committee held that reconstituting the CoC without prior approval of the Adjudicating Authority violates established legal principles. Subsequent approval does not cure the initial procedural breach. The decision underscores limits on the powers of resolution professionals.
A key land asset was excluded from the CIRP, leading to rejection of the resolution plan. The regulator held that failure to include and regularize ownership violated duties and warranted suspension.
The case highlights failure to provide complete and verifiable information in the Information Memorandum. It also underscores that reliance on external systems like VDR does not replace statutory disclosure obligations.
A claim submitted without documents was later verified after the deadline but not processed as per law. The authority held that failure to place it before CoC and seek condonation violated CIRP regulations.
The IBBI flagged improper admission of a joint developer as a financial creditor without adequate verification. The ruling highlights the need to correctly classify claims under insolvency law.
RBI designated a Lead Bank for the newly formed district to ensure banking coordination. The key takeaway is structured implementation of the Lead Bank Scheme.
The government has kept small savings interest rates unchanged for April–June 2026, ensuring continued stable returns for investors.
The issue involved ambiguity in calculating late submission fees for ECB returns. The RBI clarified separate treatment of returns and introduced clearer computation rules. The key takeaway is stricter and more transparent penalty calculation.
