Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court has issued notice to the Central government over the proposed relocation of the 135-year-old Central Secretariat Library, part of the Central Vista redevelopment. The Court has sought a detailed affidavit within three weeks outlining the relocation plan.
FeaturedNCLAT Delhi held advance payments for brokerage services constitute operational debt, making Section 9 IBC proceedings maintainable.
FeaturedNCLAT Delhi ruled that a non-supply dispute was sham as documents were provided pre-notice; upheld admission of Section 9 IBC application.
FeaturedSAT Mumbai quashes multiple SEBI penalties imposed pre-acquisition after IBC resolution, citing Sections 31 and 32A, affirming liability extinguishment upon plan approval.
FeaturedThe FEMA Export-Import Regulations, 2026, consolidate and update compliance requirements for exporters, covering EDF, EDPMS, third-party payments, and merchanting trade, effective 1 October 2026.
FeaturedThe Reserve Bank of India (RBI) has introduced a mandatory Export Declaration Form (EDF) for service exporters, effective 1 October 2026. The requirement aims to strengthen external trade reporting under FEMA, with monthly filings due within 30 days.
FeaturedThe Supreme Court has initiated a suo motu case concerning the proposed relocation of the 135-year-old Central Secretariat Library from Shastri Bhawan, New Delhi, amid the Central Vista redevelopment project. The matter is scheduled for hearing on October 5 before Justices PV Sanjay Kumar and Sanjeev Sachdeva, highlighting concerns over the preservation of a colonial-era institutional archive.
FeaturedRBI issues Amendment Directions, 2026, updating share acquisition and voting rights frameworks for Payments Banks, Small Finance Banks, Local Area Banks, and Commercial Banks. The revisions align with evolving ownership norms and risk governance expectations.
FeaturedThe RBI extended regulatory restrictions on The Industrial Co-operative Bank Ltd., Guwahati, until October 4, 2026, under Section 35A of the Banking Regulation Act. The bank remains under enhanced monitoring.
FeaturedMadras HC quashed a GST search where the authorisation failed to clearly mention the power exercised under Section 67; DIN must be shared, and coercive payments are not voluntary.
FeaturedUnion Budget 2026–27 introduces changes affecting cross-border M&A, buyback taxation, IFSC incentives, and sector-specific liquidity.
FeaturedRBI grants one-time approval for major shareholdings in Local Area Banks, Payments Banks, Small Finance Banks, and commercial banks for qualifying mutual funds, insurers, and pension funds.