INFORM: Infrastructure, Projects & Finance – March 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:

• Andhra Pradesh HC Declines PIL Challenge to AP TRANSCO Tender Conditions
• Delhi HC Upholds Tender Eligibility Clause Excluding Bidders Facing Economic Offence Proceedings
• J&K High Court Holds Compensation Cannot Be Withheld After Acquisition Vesting
• Rajasthan HC Sets Aside Nakki Lake Boating Tender Over Single-Bid Compliance Lapses
• Delhi HC Upholds MCD’s Discretion to Deny Extension of Parking Contracts

Notifications/circulars:

• NHAI Issues Circular Refining Contractual Safeguards
• RBI’s Draft Directions to Regulate Bank Lending to REITs and InvITs
• Clarification on Applicability of Modified Dispute Resolution Provisions
• NHAI Operationalises One-Time Settlement Framework for Contractual Disputes
• NHAI Revises Inspection Team Composition and Expands Scope of Pre-Takeover Review for Project Highways

Quick Reads:

• Critical Infrastructure (Resilience, Protection and Accountability) Bill, 2026 Introduced in Rajya Sabha.
• SEBI Proposes Expanded Operational and Investment Flexibility for REITs and InvITs
• Government to Table Amendment to the Insolvency and Bankruptcy Code During Budget Session
• BOT Contracts Get Recast: Risk-Reward Sharing Takes Centre Stage