IBBI cancelled an IP’s registration over systemic CIRP misuse, flawed valuations, non-disclosures, compliance failures and lack of due diligence.
The Government has kept interest rates on all Small Savings Schemes unchanged for July-September 2026. Investors will continue to earn the same returns as in the April-June 2026 quarter.
The First Appellate Authority directed the CPIO to dispose of the RTI application after finding it was not decided within the 30-day period under the RTI Act.
The First Appellate Authority held that the RTI application remained undisposed beyond the statutory period and directed the CPIO to dispose of it expeditiously.
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.
The Government has decided that the date of application, not the date of appointment, will determine pension eligibility for compassionate appointees in specified cases. Eligible applicants who applied on or before 31 December 2003 can be considered under the CCS (Pension) Rules.
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.
IRDAI has constituted a Working Group to develop governance, oversight, and security frameworks for AI adoption in the insurance sector. The panel will recommend measures to promote ethical AI use while safeguarding policyholders data.
The Disciplinary Committee imposed a two-year suspension after finding failures in claim verification, unauthorized financial decisions, and improper treatment of homebuyers’ claims during the insolvency process.
The Disciplinary Committee held that non-disclosure of the assignment of assets worth over ₹5,456 crore in Form H amounted to a serious lapse in transparency. It emphasized that material details affecting creditor recoveries must be accurately reflected in compliance certificates submitted to the Adjudicating Authority.
