INFORM: Infrastructure, Projects & Finance – November 2024

Case laws:

• Calcutta High Court Reaffirms Authority’s Discretion in Tender Rejections for Past Contractual Failures
• SC Clarifies Tax Treatment of ‘Broken Period Interest’
• “Revenue” for Calculation in OMDA is Projected Revenue Not Gross Receipts
• SC Clarifies the Limit of NCLAT’s Inherent Powers in IBC Settlements
• SC Invalidates Bid Selection Process Over Procedural Arbitrary Favoritism in Tender
• SC Reaffirms that Judicial Persons Such as Banks Do Not Have the Capacity to Possess Mens Rea

Notifications/circulars:

• RBI Directions on Compounding of Contraventions under FEMA, 1999
• SEBI Revises Rules for Minimum Public Unitholding in Infrastructure Investment Trusts
• SEBI Proposes Framework for Restricted Return InvITs to Enhance Investor Security
• Application of Whitetopping Technology for National Highway Rehabilitation and Strengthening
• MoRTH Revises Schedule H of EPC Contracts
• Draft Circular on Business Forms and Investments Released
• RBI Introduces Credit Information Reporting Mechanism for Entities with Cancelled Licenses
• Submission of Information to Credit Information Companies (CICs) by ARCs
• Due Diligence Regarding Guarantees from NRIs Availed by Resident Individuals