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“The tribunal dismissed the appeal while holding that once market coupling is implemented, the appellant may challenge it and regulations if they have a valid challenge,” said Amit Kapur, Partner, JSA law firm. Read more

Adjudication delays and weak enforcement of RERA orders in certain states have diluted its effectiveness, says Arun Kumar, partner of JSA Advocates & Solicitors. The concerns raised by the top court highlight implementation gaps in RERA rather than any structural flaw in the law itself, said Kumar. Read more

Another major relief is the treatment of refinancing when retiring the target company’s existing debt. “This refinancing… will not be included in the capital market exposure… they have excluded this portion,” said Pratish Kumar, Partner, JSA Advocates & Solicitors. This is significant in leveraged buyouts, where refinancing existing debt is standard. Read more

Legal experts have welcomed the government’s amended deepfake guidelines, saying the narrower focus on misleading AI-generated content is more practical than earlier draft proposals. While platforms must label synthetic content and act within three hours on flagged posts, the rules allow “reasonable efforts” instead of mandating universal visible disclosures. “Interestingly, the amendments narrow the scope of what is to be flagged, compared to the earlier draft released by MeitY, with a focus on misleading content rather than everything that has been artificially or algorithmically created, generated, modified or altered,” said Sajai Singh, Partner, JSA Advocates & Solicitors. Read more

Nearly two-thirds of external commercial borrowings (ECBs) booked so far in the ongoing financial year have been routed through GIFT City, a sharp rise from 36 per cent recorded in FY25. Data from the Reserve Bank of India (RBI) shows that total ECBs raised between April and December 2025 stood at $27.5 billion. Of this, $18 billion was routed via the International Financial Services Centre (GIFT-IFSC), according to data shared by GIFT City officials. “Entities which have set up units in GIFT City can raise funds from non-resident lenders without any FEMA restrictions as the ECB regulations do not apply to such fund-raises. Additionally, any interest paid by the GIFT units is also exempt from Indian tax for the non-resident lenders. Typically, Indian borrowers would need to bear the tax costs of such borrowings in order to sweeten the deal for foreign lenders. This cost is reduced significantly when raising funds through GIFT City,” said Surajkumar Shetty, partner, JSA Advocates & Solicitors. Read more

Cheaper access to foreign funds compared to the domestic market has led Indian firms, especially financial services companies, to increasingly tap overseas markets for their funding needs over the past 2 to 3 months. Nand Gopal Anand, Partner, JSA Advocates & Solicitors, added, “For Q4, we are receiving queries from clients on NBFC ECB borrowing transactions, and we expect that Q4 will witness an even higher number of ECB financings by NBFCs and financial institutions, given the financial year closure.” Anand said, “If we can see stability in the global interest rates and foreign exchange prices, we may witness the momentum built in Q3 and Q4 to sustain through FY27.” Read more

For private TV channels and their Distribution Platform Operators (DPOs) like cable networks and DTH services, Prasar Bharati’s free-to-air DTH platform DD Free Dish is a no-win. DD Free Dish, the only unencrypted DTH platform in the country, has queered the pitch for private DTH operators, cable networks and broadcasters who encrypt or code their signals as per the cable law, distorting the regulatory and commercial landscape for them. “The friction arises because DD Free Dish is a free, unencrypted, government-backed platform competing with paid, regulated private TV platforms. Private players have been arguing that this creates an uneven playing field, impacting subscriptions and advertising revenues. In essence, the argument is that a state-backed platform competing in the same market, under a different regulatory regime, creates a structural bias,” said Tony Verghese, partner, JSA Advocates & Solicitors. Read more

The Centre’s latest amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2026, formally define “synthetically generated information” (SGI) and impose stringent due diligence, labelling and metadata obligations on platforms, marking the government’s most direct regulatory response yet to deepfakes and AI-generated misinformation. Legal experts say the changes narrow a long-standing regulatory gap but stop short of creating a standalone deepfake offence. “The formal definition of ‘Synthetically Generated Information’ narrows the legal gap by providing a clear regulatory basis for platform action, which industry stakeholders have long requested,” said Probir Roy Chowdhury, Partner at JSA Advocates & Solicitors. “However, distinguishing between malicious disinformation and satire often hinges on context and intent, which remain difficult for platforms to determine at scale.” Read more

Cheaper access to foreign funds compared to the domestic market has led Indian firms, especially financial services companies, to increasingly tap overseas markets for their funding needs over the past 2 to 3 months. Nand Gopal Anand, Partner, JSA Advocates & Solicitors, added, “For Q4, we are receiving queries from clients on NBFC ECB borrowing transactions, and we expect that Q4 will witness an even higher number of ECB financings by NBFCs and financial institutions, given the financial year closure.” Anand said, “If we can see stability in the global interest rates and foreign exchange prices, we may witness the momentum built in Q3 and Q4 to sustain through FY27.”. Read more

Nearly two-thirds of external commercial borrowings (ECBs) booked so far in the ongoing financial year have been routed through GIFT City, a sharp rise from 36 per cent recorded in FY25. Data from the Reserve Bank of India (RBI) shows that total ECBs raised between April and December 2025 stood at $27.5 billion. Of this, $18 billion was routed via the International Financial Services Centre (GIFT-IFSC), according to data shared by GIFT City officials. “Entities which have set up units in GIFT City can raise funds from non-resident lenders without any FEMA restrictions as the ECB regulations do not apply to such fund-raises. Additionally, any interest paid by the GIFT units is also exempt from Indian tax for the non-resident lenders. Typically, Indian borrowers would need to bear the tax costs of such borrowings in order to sweeten the deal for foreign lenders. This cost is reduced significantly when raising funds through GIFT City,” said Surajkumar Shetty, partner, JSA Advocates & Solicitors. Read more

Legal experts have welcomed the government’s amended deepfake guidelines, saying the narrower focus on misleading AI-generated content is more practical than earlier draft proposals. While platforms must label synthetic content and act within three hours on flagged posts, the rules allow “reasonable efforts” instead of mandating universal visible disclosures. “Interestingly, the amendments narrow the scope of what is to be flagged, compared to the earlier draft released by MeitY, with a focus on misleading content rather than everything that has been artificially or algorithmically created, generated, modified or altered,” said Sajai Singh, Partner, JSA Advocates & Solicitors. Read more

The government on Tuesday tightened rules for social media platforms such as YouTube and X, mandating the takedown of unlawful content within three hours, and requiring clear labelling of all AI-generated and synthetic content. The new rules – which came in response to the growing misuse of Artificial Intelligence to create and circulate obscene, deceptive and fake content on social media platforms. Sajai Singh, Partner, JSA Advocates and Solicitors, said that amendments allow regulators and the government to monitor and control synthetically-generated information, including deepfakes. “Interestingly, the amendments narrow the scope of what is to be flagged, compared to the earlier draft released by Meity, with a focus on misleading content rather than everything that has been artificially or algorithmically created, generated, modified or altered,” Singh said. On the other hand, takedown time has been reduced from 36 hours to three hours, Singh noted, while adding, “I think intermediaries will be happy with the reasonable efforts expectation rather than the earlier proposed visible labelling”. Read more

The similar story also appeared in YourStory | Lokmat Times