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Trump administration opts for voluntary AI safety reviews, not an independent regulator

The Trump administration’s approach to AI safety landed on June 2, 2026, and it looks nothing like traditional regulation. An executive order titled “Promoting Advanced Artificial Intelligence Innovation and Security” establishes a voluntary framework where AI companies can present their most advanced models to government testing before public release. The operative word there: voluntary. Rather…

Fraud Allegations Raised Only After Demand Notice Cannot Override CIRP Proceedings: NCLT Admits Insolvency Plea against Montecarlo Ltd [Read Order]

The National Company Law Tribunal (NCLT) has admitted a CIRP application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Montecarlo Ltd, and held that fraud allegations raised only after receipt of the statutory demand notice do not constitute a pre-existing dispute capable of defeating the initiation of the Corporate Insolvency Resolution…

RP Entitled to Reclaim Leased EV Fleet During CIRP: NCLT Upholds Corporate Debtor’s Assets Must Be Preserved During CIRP [Read Order]

The National Company Law Tribunal (NCLT) has held that a Resolution Professional (RP) is entitled to reclaim leased electric vehicles belonging to a Corporate Debtor during the Corporate Insolvency Resolution Process (CIRP) and also stated that preservation and recovery of assets forming part of the insolvency estate is a statutory obligation under the Insolvency and…