The Reserve Bank of India (“RBI”) through notification dated July 21, 2026, has proposed a new framework for regulating foreign investment in India through the draft Foreign Exchange Management (Foreign Investment) Rules, 2026 (“Draft FI Rules”). The Draft FI Rules seek to replace the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (“NDI Rules”) and are […]

1.                  INTRODUCTION The Sexual Harassment Electronic Box (SHe-Box) Portal, operated by the Ministry of Women and Child Development (MWCD), has evolved from a basic online grievance mechanism into a centralised governance tool for implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (PoSH Act). Recent parliamentary disclosures by the […]

The Hon’ble Supreme Court, in its recent ruling dated August 7, 2026, in Raziya Begum & Ors. v. Nafisa Begum Abdul Hamid & Ors., (Civil Appeal No. 7225 of 2011), reaffirmed the position that a sale deed does not become void or inoperative merely because the full sale consideration is not paid. The dispute arose […]

The statutory framework of the Insolvency and Bankruptcy Code, 2016 (IBC) prioritizes time-bound corporate insolvency resolution over prolonged debt recovery litigation. Under Section 7 of IBC, once a Financial Creditor establishes the existence of a financial debt and a default exceeding the statutory threshold, the Adjudicating Authority is statutorily bound to initiate Corporate Insolvency Resolution […]

Clove Legal, while representing the Allottee, successfully secured an order from the Hon’ble Maharashtra Real Estate Appellate Tribunal (MahaREAT) directing the release of the entire amount deposited by the Appellant/ Promoter towards part compliance with Section 43(5) of the Real Estate (Regulation and Development) Act, 2016, together with the accrued interest, in favor of the […]

In a significant judgment in Civil Appeal No. 1526 of 2023 titled Alpha Corp Development Private Limited versus Greater Noida Industrial Development Authority & Ors., strengthening the objectives of the Insolvency and Bankruptcy Code, 2016 (“IBC”), the Hon’ble Supreme Court held that the corporate veil may be lifted during the Corporate Insolvency Resolution Process (“CIRP”) […]

Clove Legal is pleased to announce the promotion of Mr. Parikshit Pania to Senior Associate (Litigation) and Ms. Taniya Shah to Senior Associate (Corporate). These promotions recognize their consistent demonstration of professional excellence, sound judgement, and commitment to delivering exceptional legal counsel to the Firm’s clients. Their contributions have strengthened their respective practices and reflect […]

In a significant ruling in Tejas J. Shah & Amisha T. Shah & Ors. v. Mantri Technology Constellations Pvt. Ltd. (Civil Appeal Nos. 4289 & 4290 of 2025), vide judgment dated July 27, 2026, reinforcing the rights of homebuyers, the Hon’ble Supreme Court has held that the moratorium imposed under Section 14 of the Insolvency […]

In an important ruling vide order dated July 17, 2026, in Sachin Naveen Sinha v. The Insolvency & Bankruptcy Board of India [I.A. No. 4537 of 2026 in Company Appeal (AT) (Ins.) No. 1165 of 2026], the Hon’ble National Company Law Appellate Tribunal (NCLAT), Principal Bench, has stayed the operation of the Insolvency and Bankruptcy […]

We are pleased to share that Clove Legal acted as legal counsel to Adage Automation Private Limited and its promoters on a landmark ₹230 Crore growth equity investment led by InCred Alternative Investments, with participation from Global South Capital and Prachetas Capital. The transaction was led by Mr. Dharmesh Kotadia (Founder & Senior Partner), along […]