Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI's new directions enhance customer protection for Local Area Banks regarding unauthorized banking transactions.
The RBI has issued guidelines for Urban Co-operative Banks addressing consumer protection in unauthorized transactions, consolidating previous directives.
The RBI has issued guiding principles for Responsible Business Conduct concerning unauthorized electronic transactions by Rural Co-operative Banks, enhancing consumer protection measures.
SEBI has proposed a Common Advertisement Code aimed at replacing the multitude of entity-specific codes. This framework intends to streamline compliance and bolster investor protection.
The Darjeeling District Consumer Court has mandated Amazon and a listed seller to pay ₹4.68 lakh for failing to refund a customer after a product was returned, citing deficiency in service.
The RBI has published final Directions on the revised Kisan Credit Card Scheme, incorporating stakeholder feedback from the draft issued earlier.
The RBI announced the redemption price for premature redemption of the SGB 2021-22 Series-III, due on June 8, 2026. This outlines conditions for early redemption of Sovereign Gold Bonds.
SEBI revised its methodology for calculating household savings via the securities market, significantly altering the Gross Savings-to-GDP ratio for FY 2024-25.
SEBI has updated its methodology for calculating household savings in the securities market, resulting in a 47 basis points increase in the Gross Savings-to-GDP ratio for FY 2024-25.
The Bhojpur District Consumer Disputes Redressal Commission ordered the Railways to compensate passengers ₹20,000 for being denied seats despite holding confirmed tickets.
The Reserve Bank of India has confirmed the premature redemption price for the 2021-22 Series-I Sovereign Gold Bonds, effective from May 25, 2026, following the guidelines set in the initial notification.
The Karnataka High Court has permitted eight companies to use Ashwagandha leaf in health supplements, despite a ban by the FSSAI, after they challenged the directive. This ruling may reshape health supplement formulations in India.