Sansa Law Desk

The Reserve Bank of India (RBI) has issued a consolidated circular on Special Rupee Vostro Accounts (SRVAs), rationalizing instructions from five earlier circulars issued between July 2022 and October 2025. This consolidated directive streamlines the regulatory framework for international trade settlement in Indian Rupees (INR), providing authorized dealer (AD) banks and their overseas counterparts with a single reference point for SRVA operations and cross-border trade settl

On 5 August 2026, the Competition Commission of India (CCI) granted unconditional approval for a proposed combination involving the merger of six hospitality entities into InterGlobe Hotels Private Limited (IGH). The CCI approved the transaction under Section 31(1) of the Competition Act 2002, concluding that the proposed combination is not likely to have an appreciable adverse effect on competition in India. This approval marks one of the very few hospitality sector combinat

Introduction Winning a foreign arbitral award is only half the battle. Converting that award into an enforceable decree in India requires navigating a specific statutory pathway under Part II, Chapter I of the Arbitration and Conciliation Act, 1996 (the "Act"). India, as a signatory to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (the "New York Convention"), has committed itself to a pro-enforcement framework, but the proce

Two recent High Court decisions have clarified important procedural boundaries for the enforcement of arbitral awards under the Arbitration and Conciliation Act, 1996 (the Act). In one ruling, the Bombay High Court held that an executing court cannot refuse enforcement of a pre-2015 arbitral award merely because the arbitrator was appointed unilaterally. In the other, the Calcutta High Court ruled that a certified copy of an arbitral award bearing only a third-party attestati

The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has delivered a significant ruling reinforcing the sanctity and finality of approved resolution plans under the Insolvency and Bankruptcy Code, 2016 (IBC). In its judgment dated 8 April 2026 in Indian Bank and Ors. v. State Bank of India and Ors. [Company Appeal (AT) (Ins.) No. 629 of 2024], the Tribunal held that neither the Committee of Creditors (CoC) nor a Monitoring Committee constituted u

On February 23, 2026, the Delhi High Court delivered a landmark ruling in International Flavours and Fragrances Inc. v Competition Commission of India (WP(C) 2527/2026), dismissing a writ petition that challenged the Competition Commission of India's (CCI) decision to investigate alleged labour market coordination among three global fragrance manufacturers. The case, which represents India's first formal examination of labour market practices under competition law, centres on

The Jan Vishwas (Amendment of Provisions) Act, 2026 (Act No. 8 of 2026) marks a landmark shift in India's regulatory enforcement philosophy. Receiving Presidential assent on April 7, 2026, and published in the Gazette on April 8, 2026, this legislation decriminalises 717 provisions across 79 Central Acts administered by 23 Ministries. Among the most consequential changes for the real estate sector is the substitution of Section 68 of the Real Estate (Regulation and Developmen

The Ministry of Corporate Affairs (MCA) released the operational guidelines for the Corporate Mitra Scheme on June 24, 2026, marking a significant step toward formalising compliance support for micro, small, and medium enterprises (MSMEs) across India. First announced as part of Union Budget 2026-27 by Finance Minister Nirmala Sitharaman, the scheme aims to train a new cadre of paraprofessionals, known as Corporate Mitras, who will function as MSME compliance facilitators. By

The National Company Law Appellate Tribunal (NCLAT), in its order in Religare Finvest Limited v. Strategic Credit Capital Private Limited (Company Appeal (AT) (Insolvency) No. 398 of 2023), dismissed a financial creditor's appeal and ruled that the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (the "Code") cannot be initiated against a Financial Service Provider (FSP). A three-member bench comprising Judicial Member

Cartel conduct remains one of the most serious violations of competition law in India, attracting penalties of up to three times the profit earned or ten percent of turnover for each year of cartel continuation, whichever is greater. Recognizing the inherent difficulty in detecting and prosecuting cartels, the Competition Act 2002 provides a leniency mechanism under Section 46, enabling cartel participants who come forward with vital disclosures to receive reduced penalties.

Corporate transparency has become a central focus of Indian company law, particularly with the introduction of provisions targeting the identification of individuals who ultimately own or control companies. Section 90 of the Companies Act, 2013, read with the Companies (Significant Beneficial Owners) Rules, 2018 (as amended in 2019), establishes a comprehensive framework requiring companies to identify and report Significant Beneficial Owners (SBOs). This article provides a s

Introduction India's data protection landscape has undergone a fundamental transformation with the enactment of the Digital Personal Data Protection Act, 2023 (DPDP Act) and the notification of the DPDP Rules, 2025 on November 13, 2025. Among the most operationally significant obligations introduced by this framework is the requirement to notify personal data breaches to both the Data Protection Board of India and affected Data Principals. With the 18-month enforcement clock

The Securities and Exchange Board of India (SEBI), vide Notification No. SEBI/LAD-NRO/GN/2026/303 dated 14 July 2026, notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2026. Effective from the date of publication in the Official Gazette, these amendments introduce two significant procedural changes for the Alternative Investment Fund (AIF) industry: an exemption from scheme filing fees for the first scheme launched by an AIF, and a reduction of

The Securities and Exchange Board of India (SEBI) has progressively refined the regulatory framework governing Alternative Investment Funds (AIFs) to attract sophisticated capital while maintaining investor protection. One of the most significant developments in this space is the introduction of the Accredited Investors Only AIF (AI-Only AIF) framework, formalised through the SEBI (AIF) (Third Amendment) Regulations, 2025, notified on November 18, 2025. This framework enables

The Insolvency and Bankruptcy Code, 2016 (IBC) has undergone significant reforms since its enactment, with one of the most notable being the introduction of the Pre-Packaged Insolvency Resolution Process (PPIRP) for Micro, Small and Medium Enterprise (MSME) corporate debtors. Introduced through the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, effective April 4, 2021, PPIRP provides a faster, cost-effective alternative to the regular Corporate Insolvency Resolut