Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has published the Fourth Amendment Directions, 2026 which updates the CRR and SLR requirements for Urban Co-operative Banks providing exemptions on fresh deposits.
The Reserve Bank of India has released the Fourth Amendment Directions, 2026 updating Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements for Rural Co-operative Banks.
The RBI issued the Third Amendment Directions, 2026, modifying the interest rate framework for Commercial Banks by temporarily lifting deposit rate ceilings.
The Reserve Bank of India has published the Third Amendment Directions, 2026 for Small Finance Banks, lifting prior interest rate restrictions on new deposit accounts.
The RBI has introduced the Third Amendment Directions, 2026, eliminating previous interest rate ceilings for Local Area Banks on new deposits to enhance their competitive positioning.
The RBI has published the Third Amendment Directions, 2026 regarding interest rates applicable to Regional Rural Banks, temporarily lifting the interest rate ceilings on new deposits.
The RBI issued the Third Amendment Directions, 2026, which modifies the interest rate guidelines for urban co-operative banks. This update includes the suspension of previous interest rate ceilings on new deposits.
The Reserve Bank of India announced the Second Amendment Directions, 2026 regarding interest rates on deposits for rural co-operative banks. The amendments primarily focus on the temporary withdrawal of interest rate ceilings for fresh deposits.
The Gujarat High Court has instructed state tax authorities to refrain from using AI-generated case laws in tax orders, warning that employing such methods could result in contempt of court. This directive follows a disclosure by a tax officer regarding AI usage in adjudication.
The Delhi High Court ruled that an employee cannot be penalised for the Tax Deducted at Source (TDS) default of their employer. This decision references Section 205 of the Income Tax Act, emphasizing the employee's protection from penalties in such cases.
The NCLAT affirmed the right of the Resolution Professional to obtain revenue records, rejecting claims of disputed ownership as a reason to withhold the information.
The NCLT has rejected a resolution plan due to lack of statutory valuation for a ₹1,000 share conversion, resulting in ordered liquidation for non-compliance with the Companies Act.