Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
In a significant ruling, the Delhi HC stated that customs brokers cannot undertake clearance using another broker’s credentials, even with consent. This judgment establishes clear boundaries for regulatory compliance in customs operations.
The Madras HC quashed a customs order issued after 14 years, ruling that the provisions of the new law on limitation do not permit indefinite delays. This decision impacts how customs authorities execute their procedural mandates.
Lakshmanan Meyyappan has achieved the distinction of becoming the world's youngest male Chartered Accountant at the age of 16, reflecting a remarkable academic achievement in the field of accounting.
The Institute of Chartered Accountants of India has deemed derogatory remarks made by a CA regarding ITR portal issues as inappropriate but not amounting to professional misconduct. The ruling highlights the balance between free speech and professional integrity.
The Kerala High Court has set aside a Rs. 1 lakh cost imposed by the NCLT on Union Bank of India due to procedural errors in its withdrawal application. This ruling emphasizes the importance of fair procedural standards in insolvency proceedings.
SEBI has proposed new digital KYC provisions designed to facilitate easier onboarding for non-resident Indians (NRIs) and foreign nationals, streamlining compliance for overseas investors.
SEBI has allowed Infrastructure Investment Trusts (InvITs) to incorporate debt-funded maintenance expenses into their Net Distributable Cash Flows (NDCF), subject to certain approvals. This move is expected to enhance capital management for InvITs.
The RBI has amended the Third Amendment Directions concerning Responsible Business Conduct for Non-Banking Financial Companies. This update addresses engagement with recovery agents and reinforces ethical business practices.
The RBI has released the Third Amendment Directions concerning Housing Finance Companies, focusing on the engagement of recovery agents. This amendment is pivotal for HFCs in maintaining fair practices.
The RBI has assigned lead banking responsibilities for five newly formed districts in Ladakh, aiming to enhance financial services in the region. This decision has significant implications for banking operations and resource allocation in the Union Territory.
The Draft Foreign Investment Rules for 2026 have raised critical questions regarding equity, control thresholds, and the roles of RBI and DPIIT. These proposed regulations are still under review.
The NCLT has ordered liquidation after finding that no Expressions of Interest (EOI) or resolution plans were received despite multiple Form G publications, backed by an 83.10% vote from the Committee of Creditors (CoC).