Sansa Law Desk

In M/S Aarsuday Projects and Infrastructure (P) Ltd. v. Jogen Chowdhury and Others (2026 INSC 93), the Supreme Court of India set aside a Calcutta High Court order that had been passed in Public Interest Litigation (PIL) proceedings concerning land near Shantiniketan in West Bengal, the cultural landscape associated with Rabindranath Tagore. The Supreme Court held that PIL cannot be permitted to become a vehicle for selective challenges, cautioning against the misuse of this

A recurring question in commercial arbitration in India is whether, and to what extent, Goods and Services Tax (GST) applies to amounts awarded by an arbitral tribunal. The issue is not straightforward because arbitration awards can comprise multiple components: additional consideration for work performed, price escalation, interest, liquidated damages, compensation for breach, and reimbursement of costs. The GST treatment of each component depends on whether it constitutes c

Effective 1 April 2026, India is set to implement a new suite of approximately 40 auditing standards recommended by the National Financial Reporting Authority (NFRA) to the Central Government for notification. These standards, to be designated as Indian Standards on Auditing (IndSA), are aligned with the corresponding International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB). The transition from the existing Standard

The Corporate Laws (Amendment) Bill, 2026, introduced in the Lok Sabha on 23 March 2026, proposes sweeping changes to the National Financial Reporting Authority (NFRA), transforming it from a relatively low-profile oversight body into a full-fledged enforcement regulator modelled on the Securities and Exchange Board of India (SEBI). If enacted, the amendments will give NFRA independent corporate personality, its own fund, rule-making powers, tiered enforcement mechanisms, and

Effective 1 April 2026, the Securities and Exchange Board of India (SEBI) has implemented a revised margin framework for Futures and Options (F&O) trading that significantly changes the collateral requirements for market participants. Under the new rules, traders must maintain a minimum of 50 percent of their total margin collateral in the form of cash or cash equivalents such as bank guarantees. Simultaneously, the Reserve Bank of India has introduced stricter rules on broke

In early 2026, the Delhi High Court delivered a significant ruling on the interplay between interim injunctive relief in patent infringement proceedings and challenges to the validity of the patent in question. The ruling addresses a question that arises frequently in pharmaceutical, technology, and manufacturing patent disputes: when a patent holder seeks an interim injunction to restrain an alleged infringer, and the alleged infringer simultaneously challenges the validity

On 30 March 2026, the Central Electricity Regulatory Commission (CERC) notified the CERC (Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation) (First Amendment) Regulations, 2026. These amendments update the framework governing the issuance, trading, and redemption of Renewable Energy Certificates (RECs) on Indian power exchanges. RECs have been a cornerstone of India's renewable energy compliance architecture since 2011, enabling obligated

The right to default bail is one of the most important safeguards against prolonged pre-trial detention in Indian criminal law. In early 2026, the Supreme Court of India clarified that applications for default bail can be decided independently by trial courts and High Courts, without being contingent on or delayed by related proceedings. This clarification, which aligns with a consistent line of precedent from the Ritu Chhabaria decision onward, reinforces the principle that

In State of Himachal Pradesh v. Hukum Chand (2026 INSC 290), the Supreme Court of India reaffirmed the principle that a child prosecutrix's testimony in a sexual offence case does not require mandatory corroboration to sustain a conviction. Overturning an acquittal by the Himachal Pradesh High Court, the Supreme Court held that if the testimony of a child witness is credible, consistent, and inspires judicial confidence, it can form the sole basis for a conviction without req

The Reserve Bank of India has notified the Reserve Bank of India (Non-Banking Financial Companies, Internal Ombudsman) Directions, 2026, mandating that specified categories of NBFCs appoint an Internal Ombudsman (IO) to handle customer complaints that remain unresolved at the first level of the company's grievance redressal mechanism. This builds on RBI's broader consumer protection architecture, which already requires scheduled commercial banks to maintain an Internal Ombuds

Effective 1 April 2026, the Reserve Bank of India has doubled the collateral-free loan limit for Micro and Small Enterprises (MSEs) from Rs 10 lakh to Rs 20 lakh. This change, implemented through an amendment to RBI's Master Directions on lending to MSEs, is part of a broader policy push to improve credit access for India's smallest businesses without burdening them with the requirement to pledge assets as security. For MSE owners, banks, non-banking financial companies (NBFC

On 25 February 2026, the Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2026. These amendments target one of the most contentious aspects of the Corporate Insolvency Resolution Process (CIRP): the valuation of the corporate debtor's assets. By redefining fair value, mandating dual sets of registered valuers, introducing a coordinating valuer me

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced sweeping changes to health insurance regulations in 2026, fundamentally reshaping how insurers design products, accept policyholders, and settle claims. The new guidelines eliminate upper age limits for policy issuance, reduce pre-existing condition waiting periods, mandate AYUSH treatment coverage, and introduce performance scorecards for insurers and hospitals starting June 2026. These reform

On 27 February 2026, the Central Electricity Regulatory Commission (CERC) notified the CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2026. These regulations mark a watershed moment for India's climate policy: they are the first comprehensive set of rules that govern how carbon credits will be traded on power exchanges in the country. Built on the foundation laid by the Energy Conservation (Amendment) Act, 2022, and the Carbon Cre

In March 2026, the Supreme Court reaffirmed a critical principle of bail jurisprudence: an accused seeking bail is under a fiduciary duty to make full, truthful, and complete disclosure of all material facts relevant to bail eligibility. Suppression or concealment of material information including prior criminal antecedents, pending cases, or relevant behavioral history vitiates (invalidates) the grant of bail and exposes the bail order to cancellation. This doctrine, termed