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RBI’s 2026 amendment to the Cross Border Merger Regulations replaces “NCLT” with “Competent Authority” across key provisions, aligning FEMA with fast‑track mergers and the Corporate Laws (Amendment) Bill, 2026 and finally giving RD‑approved schemes full FEMA clarity.
Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026

NCLAT reversed NCLT's May 2024 order and held that Vistra ITCL, acting as Debenture Trustee, qualifies as a Financial Creditor of Radius Estate Projects — because the mortgage deed contained a "covenant to pay," creating an independent guarantee-like obligation under Section 5(8) IBC.
NCLAT Fortnightly (Feb 16–28, 2026) — Bar & Bench

NCLAT upheld NCLT's power under Section 60(5) of IBC to direct de-freezing of demat accounts frozen by BSE for Annual Listing Fee defaults — holding that once a liability is crystallised, IBC proceedings must prevail over parallel regulatory action.
LiveLaw — IBC Overrides Securities Law? NCLAT's Expanding Jurisdiction Over Frozen Demat Accounts
Stay ahead with the latest corporate law updates in India including MCA circulars today, SEBI notifications, RBI circulars, NCLT orders, IBC amendments, and FEMA notifications.
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