Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court has ruled that appeals filed before the High Court prior to the amendment of Section 15Z of the SEBI Act remain maintainable, affirming the legal standing of such appeals.
FeaturedIn Toyota Jidosha Kabushiki Kaisha v. Tech Square Engineering Pvt. Ltd., the Delhi High Court conferred well-known status to the trademark 'ALPHARD', emphasizing its trans-border reputation, particularly within niche markets.
FeaturedThe RBI has introduced Fraud Risk Management Directions for All India Financial Institutions, emphasizing governance and effective fraud reporting mechanisms.
FeaturedThe Reserve Bank of India has notified the Cybersecurity, Technology Risk, Resilience and Assurance Framework Directions, 2026 for Non-Banking Financial Companies (NBFCs). These directions establish guidelines for governance, reporting, and cybersecurity controls.
FeaturedIn a significant ruling, the Bombay High Court quashed an MVAT attachment over a secured asset, reinforcing a bank's priority under the SARFAESI Act.
FeaturedThe NCLAT has ruled that funds advanced under a sale agreement constitute financial debt under the IBC, allowing a Section 7 petition. This decision has set aside the NCLT's earlier order on the matter.
FeaturedThe Reserve Bank of India has announced the resumption of licensing for Urban Co-operative Banks (UCBs) on an 'on tap' basis. This decision follows a comprehensive analysis of stakeholder feedback and marks a significant policy shift in the banking sector.
FeaturedThe Delhi High Court recognized Toyota's 'ALPHARD' mark as well-known, affirming its trans-border reputation and clarifying the legal test for trans-border reputation in luxury markets.
FeaturedThe Calcutta High Court ruled that an exclusive jurisdiction clause in favor of UK courts does not override mandatory provisions of the Foreign Exchange Management Act (FEMA).
FeaturedNCLT Mumbai ruled that invoking a second guarantee notice does not reset the limitation period on a time-barred Section 7 claim. Claims must comply with limitation laws to be valid.
FeaturedThe NCLAT upheld the NCLT's verdict on the invalidity of share transfers due to non-compliance. The ruling reinforces the protection of minority shareholder rights against manipulation.
FeaturedThe NCLT has upheld the finality of a resolution plan, ruling that an income tax claim filed 1305 days late is inadmissible under the IBC. This reinforces the judicial emphasis on adherence to timelines in insolvency contexts.