INFORM: Infrastructure, Projects & Finance – Sep 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:

• Supreme Court Stays Allahabad HC Order Quashing Termination of ₹940 Crore NHAI–Tata Projects Contract
• Actual Use, Not Sale of Manufactured Goods, Determines Stamp Duty Classification: Supreme Court
• GST Applies to Annuity Payments for Road Construction: Rajasthan High Court
• J&K and Ladakh High Court Upholds Arbitral Award for Delay, Idle Charges and Escalation
• Relief Beyond Arbitration’s Scope Cannot Sustain an Arbitral Award: Delhi High Court

Notifications/circulars:

• SEBI Revises Net Distributable Cash Flows Framework for InvITs
• NHAI Standardises Ambulance Services Across EPC and HAM Projects
• MoRTH Revises Model Concession Agreement for BOT (Toll) Projects to Address Traffic Risk and Enhance Bankability
• NHAI Mandates Plantation Compliance Before PCC/PCOD and During O&M Period
• CERC Introduces Milestone Extension Charges for Delayed Connectivity Compliance
• NHAI Mandates Real-Time Updating of Debarment and Blacklisting Records
• RBI Eases Priority Sector Lending for Select Deposits

Quick Reads

• Steel Ministry Tightens Domestic Steel Procurement Norms with ‘Melt-and-Pour’ Mandate
• NHAI Rationalises AI-MC Mandate and Strengthens Digital Construction Controls
• PPPAC Gives In-Principle Nod for Privatisation of 11 Airports Through Five PPP Bundles
• MCD Revives PPP Model for Park Maintenance
• Mediation Council of India Established in Delhi