Appellate tribunal NCLAT has dismissed the plea against the acquisition of Vadraj Cement by Nirma group cement business Nuvoco Vistas Corporation during an insolvency resolution process, the Economic Times of India reported. The Delhi-based principal bench of NCLAT has upheld the previous order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on April 1, 2025, approved Nuvoco Vistas's plan for Vadraj Cement that includes an upfront payment of Rs 1,800 crore.

India’s embassy in Washington has hired a lobbying firm with close ties to the Trump administration and a history of advocating for foreign entities targeted by the U.S., just before 50% tariffs take effect on exports from the South Asian country, Bloomberg News reported. The embassy is paying $75,000 per month to Mercury Public Affairs LLC to provide government relations, media relations and other services, according to an Aug. 18 filing detailing the agreement. White House Chief of Staff Susie Wiles is a former co-chair of Mercury.

Reliance Communications (RCom) has accused Swedish telecom giant Ericsson of misusing India’s Insolvency and Bankruptcy Code (IBC) as a coercive tool for debt recovery, ElectronicsforYou.biz reported. The allegation was made before the National Company Law Tribunal (NCLT) in Mumbai, where RCom is seeking a refund of ₹550 crore paid to Ericsson under a 2018 settlement. Senior counsel Gaurav Joshi, appearing for RCom, argued that the IBC was being misapplied by Ericsson as a substitute for debt enforcement.

India expects consumption tax cuts announced by Prime Minister Narendra Modi will give a boost to the economy without hurting the government’s fiscal deficit, helping to offset the fallout from higher U.S. tariffs, Bloomberg News reported. Officials in New Delhi said on the weekend that the proposed changes to the goods and services tax — which will see the number of tax categories reduced to two from four — would benefit a broad range of sectors, including consumers and small businesses.

The Indian government on Tuesday introduced the Insolvency & Bankruptcy Amendment Bill in Lok Sabha, with reforms that are intended to speed up the insolvency process. The reforms are related with group insolvency, credit-led resolution, and cross-border framework. The legislation proposes amendments in Section 7 of the current law, that deals with mandatory admission of insolvency if default confirmed and conditions met. Finance Minister Nirmala Sitharaman, while introducing the bill, said it aims to reduce delays, boost value, and improve governance.

BluSmart, the electric cab firm, is grappling with a complex insolvency case that began on July 29, 2025, when the National Company Law Tribunal (NCLT) admitted a petition from a creditor, ElectronicsForYou.biz reported. The case has uncovered major challenges in valuing the company’s assets, particularly its fleet of electric vehicles (EVs) and proprietary technology, which are locked within subsidiaries not automatically included in the insolvency process.

In a key development under Jet Airways’ ongoing insolvency proceedings, global alternative investment major Brookfield Asset Management has acquired an additional office floor in commercial tower Godrej BKC in Mumbai's business district Bandra-Kurla Complex for Rs 370.25 crore, the Economic Times of India reported. The sale was conducted under the Insolvency and Bankruptcy Code (IBC) and overseen by the National Company Law Tribunal (NCLT).