On 25 March 2026, the Supreme Court dismissed a batch of special leave petitions filed by two of the three promoters of Financial Software and Systems Private Limited ("FSSPL"), Nagaraj Mylandla and Sharada Mylandla, and affirmed the enforceability of the decree entered against them by the Madras High Court in terms of a Singapore-seated arbitral award. The Madras High Court had described the liability as exceeding INR 1,400 crores: damages measured at a contractual "exit p

On July 21, 2026, the Reserve Bank of India (“RBI”) released the draft Foreign Exchange Management (Foreign Investment) Rules, 2026 (“Draft Rules”) for public comments.[1] Once finalised, these Draft Rules will replace the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (“NDI Rules”). The review stems from the Union Budget 2026-27, which called for a comprehensive rework of the NDI Rules to make India’s foreign investment framework simpler. A committee was subs

Deepfakes – AI-generated synthetic media that realistically mimics a person’s face, voice, or likeness – are no longer just cybersecurity or social media concern; they have become a legal and business risk. Such content is increasingly being used to create fake endorsements, clone voices, manipulate videos and misuse an individual's identity. Recognising these risks, the government has amended the Information Technology (Intermediary Guidelines and Digital Media Ethics Code)

The National Commission for Women (“NCW”) has issued an advisory on 19 June 2026 recommending significant measures to strengthen the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act"). The advisory sends a clear message: POSH compliance is no longer just about constituting an Internal Committee — it is about demonstrating that your compliance framework actually works. What's New? 1. Mandatory Annu