Fraud Classification of Bank Accounts in India: A Legal Insight Fraud Classification of Bank Accounts in India: A Legal Insight With the Supreme Court’s ruling in State Bank of India v. Amit Iron Private Limited & Ors. 2026 INSC 323 brings long‑awaited certainty to the procedural requirements governing the classification…
India’s 2026 FEMA NonDebt Amendments: Key Implications for Cross Border M&A in India Two amendments notified in 2026 reshape the rules for inbound deals: the land-border regime is now hard-coded into the Rules, beneficial ownership is tested onmoney-laundering criteria, downstream transfers are caught, and a fresh approvalgate applies to listed…
Digital Personal Data Protection Act, 2023 – Implications for FinTech Businesses Digital Personal Data Protection Act, 2023 – Implications for FinTech Businesses The Digital Personal Data Protection Act, 2023 (DPDP Act), along with the DPDP Rules, 2025, introduces a comprehensive data governance framework that significantly impacts FinTech businesses in India,…
Enforcement Directorate Freezing of Bank Accounts under PMLA: Key Legal Risks, Safeguards and Emerging Judicial Trends Recent judicial developments have placed the Enforcement Directorate’s (ED) powers to freeze bank accounts under heightened scrutiny, with courts reiterating that such actions—though critical to preserving alleged “proceeds of crime” under the Prevention of…
Liberty on Trial: The Conundrum of Bail under the Prevention of Corruption Act The Prevention of Corruption Act, 1988 (“PC Act”) criminalizes bribery, abuse of official position, and possession of disproportionate assets by public servants. While the statute reflects a strong legislative intent to combat corruption, bail jurisprudence under the PC Act remains fundamentally…
The Hon’ble Supreme Court of India, in Kaveri Plastics v. Mahdoom Bawa Bahrudeen Noorul [2025 INSC 1133], adjudicated upon the validity of a statutory notice under Section 138(b) of the Negotiable Instruments Act, 1881 (“NI Act”), where the amount demanded in the notice differed from the cheque amount due to…
“Cheating” generally refers to the act of dishonestly or unfairly gaining an advantage, typically in contexts of gaming, monetary transactions, relationship or professional setting. Cheating has been defined in Section 318 & 319 of Bharatiya Nyaya Sanhita, 2023 ( erstwhile Section 415-420 of Indian Penal Code, 1860) where there is inducement…
On April 6th, 2023, a new regulations for Online Gaming was ben introduced under section 87 of the Information Technology Act, 2000 ( hereinafter referred to as the “IT Act”) by Ministry of Electronics and Information Technology ( hereinafter referred to as the “MeITY”) via amendment of The Informational Technology,…
Today in high octane and complex business relationship runs on contractual relationship and at times the strain on such relationship results in disputes among the parties in commercial relationship which makes it difficult to continue together in business. Arbitration is an efficient and effective manner to resolve such disputes among…
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