INFORM: Infrastructure, Projects & Finance – April 2026

In our latest edition, we have shared the trends shaping the infrastructure landscape and key developments in projects and finance, with certain case laws highlighting the judicial perspective.

Case laws:

• Surety Liability Limited to Original Guarantee Despite Contractual Variance: SC
• No Concluded Contract Without Fulfilment of Mandatory Conditions in Tender
• Limits on Solatium and Interest under the NH Act, 1956 Clarified
• Contract Frustrated Under Section 56 ICA; Termination & PBG Invocation Invalid
• CERC Cannot Refer Disputes to Arbitration Beyond Its Adjudicatory Jurisdiction: APTEL

Notifications/circulars:

• MoRTH Revises Model Concession Agreement for Multi Modal Logistics Parks
• NHAI Clarifies Scope of One-Time Settlement under Vivad Se Vishwas–III Scheme
• IBBI Notifies E-Forms for Personal Guarantor Insolvency Process
• NHAI to Deploy AI-Powered Dashcam Monitoring System for National Highway Management
• MoP Notifies Electricity (Amendment) Rules, 2026
• CERC Notifies First Amendment to Renewable Energy Certificate Regulations, 2026
• NHAI Mandates Quality Assurance Plan for Precast Concrete Products in Highway Projects

Quick Reads:

• Indian Railways Proposes Reforms to PPP Policy to Reduce Investor Risk
• MoRTH Introduces Stricter Evaluation Framework for National Highway Contractors
• HUDCO Operationalises Urban Invest Window to Enhance Bankability of Urban Infrastructure Projects
• Indian Railways Prohibits Objectionable Advertisements Under Non-Fare Revenue Policy
• Cabinet Approves Rs. 33,660 Crore ‘BHAVYA’ Scheme for 100 Plug-and-Play Industrial Parks