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 4 February 2026, the Ministry of Commerce and Industry notified the revised startup framework through G.S.R. 108 (E)[1] (“2026 Notification”), marking an important development in India’s startup regulatory landscape. The 2026 Notification updates the recognition architecture that had been previously been governed under G.S.R. 127 (E)[2], dated 19 February 2019 (“2019 Framework”). The 2019 Framework was designed for a startup ecosystem that was still relatively early in i