Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT ruled that a financial creditor cannot be compelled to wait for a One-Time Settlement (OTS) when both debt and default are acknowledged, permitting the admission of a CIRP.
The NCLT ruled that without statutory determination under the EPF Act, the EPFO cannot lodge PF claims in insolvency proceedings. This ruling upholds procedural integrity in CIRP.
The NCLT ruled that a Recovery Certificate issued by the Debt Recovery Tribunal (DRT) revives the limitation period, allowing a ₹17.54 crore insolvency plea against Sunbeam Dealers.
The NCLAT ruled that a mortgage of property without actual fund disbursal does not qualify as financial debt under the Insolvency and Bankruptcy Code (IBC), reinforcing the necessity of actual fund flows.
The NCLAT ruled that timely claims for corporate insolvency resolution process (CIRP) cannot be rejected due to minor procedural or technical objections, ensuring access to justice for creditors.
The RBI has announced the auction of Government of India Treasury Bills, providing vital information for investors and financial institutions.
The Reserve Bank of India has released its 46th Half-Yearly Report on the management of foreign exchange reserves, enhancing transparency and public disclosure practices since 2004.
The Reserve Bank of India announced the results of the underwriting auction for government securities held on May 22, 2026, determining cut-off rates for underwriting commissions due to primary dealers.
The Reserve Bank of India successfully conducted a 3-day Variable Rate Repo auction on May 22, 2026, allotting ₹81,590 crore at a cut-off and weighted average rate of 5.26%. This auction aims to manage liquidity in the financial system.
The Madras High Court is set to consider the constitutional validity of a new Tamil Nadu law that restricts coercive recovery actions by money lending entities, amid petitions filed by various NBFCs.
The RBI plans to conduct a USD/INR Buy/Sell Swap auction worth USD 5 billion on May 26, 2026, to enhance liquidity. This measure is critical for foreign exchange stability.
The RBI has issued revised draft amendment directions on the conduct of regulated entities in loan recovery and the engagement of recovery agents, reflecting stakeholder feedback.