Legal News
Daily legal developments, weekly roundups, court judgments, and regulatory updates from across India. Curated and summarised by Veritect Legal Intelligence for legal professionals.
Indian Legal Roundup: IBC Amendment Gets Presidential Assent, RBI Pauses — Week 15, 2026
Week 15 of 2026: IBC Amendment Act receives Presidential assent, RBI pauses repo rate at 5.25%, nine-judge Sabarimala bench questions PIL standing, and SC strikes down differential DA-DR.
Supreme Court Dismisses 25 PILs Filed by One Advocate, Flags Misuse
Sachin Gupta v. Union of India (25 PIL Petitions)
Supreme Court dismisses 25 PILs filed by Advocate Sachin Gupta on 11 April 2026. CJI Surya Kant directs lawyers to sensitise authorities before rushing to court.
SC Nine-Judge Bench Affirms Article 15 as Active Guard Against Sex Discrimination
Indian Young Lawyers Association v. State of Kerala (Sabarimala Reference)
Supreme Court nine-judge bench affirms Articles 14 and 15 as active guards against sex-based discrimination on 9 April 2026, with implications for Transgender Amendment Act 2026.
SC Nine-Judge Bench Questions PIL Locus Standi in Sabarimala Review
Indian Young Lawyers Association v. State of Kerala (Sabarimala Review)
Supreme Court nine-judge bench questions locus standi of non-devotee PIL petitioners in Sabarimala review on 9 April 2026. CJI Surya Kant flags PIL misuse concerns.
RBI Holds Repo Rate at 5.25%, Maintains Neutral Stance Amid Global Risks
RBI MPC unanimously holds repo rate at 5.25% with neutral stance on 8 April 2026. GDP projected at 6.9% for FY27 amid geopolitical risks from West Asia conflict.
SC: Pre-Existing Dispute Bars IBC Section 9 Insolvency Admission
GLS Films Industries Pvt. Ltd. v. Chemical Suppliers India Pvt. Ltd.
Supreme Court in GLS Films v. Chemical Suppliers (2026 INSC 344) reaffirms that plausible pre-existing dispute bars CIRP admission under Section 9 IBC. IBC not a debt recovery tool.
IBC Amendment Act 2026 Gets Presidential Assent, Overhauls Insolvency
President assents to IBC Amendment Act 2026 on April 6. Key reforms include 14-day mandatory admission, creditor-initiated resolution, and cross-border insolvency.
NCLAT Orders Future Lifestyle Fashion Insolvency Closure in 3 Months
Future Lifestyle Fashions Ltd. — Insolvency Proceedings
NCLAT on April 6, 2026 orders Future Lifestyle Fashions insolvency to conclude within 3 months. Proceedings exceed 330-day IBC statutory limit. Central store generates 80% revenue.
DGFT Restricts Gold and Silver Jewellery Imports to Curb FTA Misuse
DGFT Notification No. 02/2026-27 dated April 1, 2026 restricts gold, silver, and platinum jewellery imports from 'Free' to 'Restricted' status. DGFT licence required.
Parliament Passes Jan Vishwas Bill 2026, Decriminalises 717 Offences
Rajya Sabha passes Jan Vishwas Bill 2026 on April 2, decriminalising 717 minor offences across 80 Acts. Shift from criminal penalties to civil enforcement.
RBI Permits Rupee Exchange at Airport Departure Forex Counters
RBI Circular 05 dated April 2, 2026 permits residents to exchange Indian rupees at airport departure forex counters. New facility eases pre-departure currency conversion.
SEBI Introduces Non-Transferable Tag for Lock-In Pledged Shares
SEBI circular on April 2, 2026 mandates non-transferable tagging for lock-in shares. New mechanism for pledged securities with extended observation letter validity.