NCLAT Technical Members Barun Mitra, Naresh Salecha Get Tenure Extension Till May 2027

The Ministry of Corporate Affairs (MCA) has extended the tenure of NCLAT Technical Members Barun Mitra and Naresh Salecha with effect from September 9, 2026. According to the Gazette notification dated September 7, they will now continue until May 16, 2027, or until they attain the age of 67 years, whichever is earlier. They will continue on the same terms and conditions governing their appointments under the July 22, 2022 notification. The latest extension follows an earlier tenure extension...

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Justice Rohinton F. Nariman Calls For Direct Division Bench Appeals Against Domestic Arbitral AwardsFormer Supreme Court Judge Justice Rohinton F. Nariman on Friday called for doing away with the Single Judge stage for challenges to domestic arbitral awards and allowing parties to go directly before a High Court Division Bench, with a full appeal on both facts and law. He suggested that the Division Bench decide such appeals within one year. Justice Nariman also stressed that the arbitration...

GST Council Meeting Gets A New Date On Clash With BRICS Summit

The Goods and Services Tax (GST) Council Meeting has been postponed to October 7, 2026 owing to logistical clashes with the upcoming BRICS Summit. India is hosting the annual BRICS conference at New Delhi this year and discussions on economic balance amidst the West-Asia Crisis is expected.The GST Council met last time more than a year ago on September 3, 2025. In the last meeting, simplified slabs and a higher 40% slab for sin and luxury goods were recommended by the council.The GST Council...

NCLT Mandates Double-Sided Printing For All Filings To Promote Sustainability and Uniformity

As part of its objective to further environmental sustainability and bring about uniform documentation practices, the National Company Law Tribunal (NCLT) has ordered that all pleadings, petitions, replies, and affidavits submitted to any of its benches nationwide must now be printed on both sides of the paper.The tribunal further directed that annexures and supporting documents may also be printed on both sides wherever practicable, provided the readability of records is not...

RBI Appoints Suman Ray As Executive Director With Effect From 1 September

The Reserve Bank of India (RBI) has appointed Suman Ray as Executive Director with effect from 1 September 2026. Ray was serving as the Regional Director for Maharashtra before his elevation. He has over 30 years of experience with the RBI and has worked across several areas, including currency management, financial inclusion, payment and settlement systems, consumer education and protection, and human resources. He has also served as Secretary to the Western Area Local Board of the RBI. As...

Union Government Formally Establishes Mediation Council Of India Under 2023 Act, Headquarters In Delhi

On 27 August, the Union Government formally established the Mediation Council of India with its head office in Delhi, under Section 31(1) of the Mediation Act, 2023, nearly three years after its enactment. The notification issued by the Ministry of Law and Justice states: “In exercise of the powers conferred by sub-section (1) of section 31 of the Mediation Act, 2023 (32 of 2023), the Central Government hereby establishes a Council for the purposes of the said Act, to be called as the...

CBDT Notifies Rules For Small Taxpayers To Disclose Undisclosed Foreign Assets, Income

The Central Board of Direct Taxes (CBDT) has notified rules allowing taxpayers to disclose certain foreign assets that were not reported in their income-tax returns, including assets acquired while they were non-residents but not disclosed after they became residents in India. The disclosure has to be made by December 31, 2026.The rules deal with two different kinds of cases. One is where the foreign income or asset itself was undisclosed. The other covers certain foreign assets that were not...

US Court Confirms $562.5 Million Devas Arbitration Award Against ISRO's Antrix

The US Court of Appeals for the Ninth Circuit has affirmed the US district court's confirmation of a $562.5 million international arbitral award in the Devas Multimedia-Antrix dispute. Antrix is the commercial arm of the Department of Space and the Indian Space Research Organisation (ISRO).A three-judge bench comprising Judges Eric D. Miller, Lucy H. Koh and District Judge Donald W. Molloy affirmed the district court on subject matter jurisdiction, personal jurisdiction, and forum non...

NCLT Introduces New Case Listing Framework, Older Matters To Get Priority

The National Company Law Tribunal (NCLT) has introduced a new framework to bring uniformity in Registry practices and case listing across its Benches. The instructions have been issued under the direction of NCLT President Justice Anupinder Singh Grewal.Under the new framework, matters in each statutory category will be listed in chronological order, with the oldest pending matters listed first. Admission matters under the Insolvency and Bankruptcy Code and applications for approval of...

NCLT Launches E-Inspection, E-Certified Copy Services

The National Company Law Tribunal (NCLT) has launched e-Inspection and e-Certified Copy Services to provide advocates, litigants, and other stakeholders with faster and more convenient access to judicial records and certified copies.NCLT President Justice Anupinder Singh Grewal inaugurated the services through video conferencing on Wednesday. The services are part of the tribunal's broader digital transformation, which includes its revamped website and the ongoing e-Courts 2.0...

Centre Appoints Naveen Kumar B, Former ED Additional Director, As Law Member Of PMLA Adjudicating Authority

The Central Government has appointed Naveen Kumar B as Member (Law) of the Adjudicating Authority under the Prevention of Money Laundering Act, 2002 (PMLA).Kumar is a retired Additional Director (Prosecution) of the Directorate of Enforcement (ED). The appointment has been made by the President of India, according to an office order issued by the Ministry of Finance's Department of Revenue on August 11.He will hold the post at Level 14 of the Pay Matrix. His tenure will be for five years from...

Russia Appoints Former CJI D.Y. Chandrachud As Arbitrator In Investment Treaty Dispute With Ukrainian Bank

Former Chief Justice of India D.Y. Chandrachud has been appointed by Russia as its arbitrator in a new investment treaty dispute brought by Ukrainian state-owned bank Oschadbank over assets and operations it says it lost in south-eastern Ukraine.According to a report published by Global Arbitration Review (GAR) on August 7, 2026, the dispute will be heard by a three-member tribunal under the 1998 Ukraine-Russia bilateral investment treaty. The tribunal will be presided over by Costa Rican...