Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLAT upheld NCLT's ruling that share and property transfers were invalid due to statutory non-compliance. This ruling reinforces the integrity of corporate governance in instances of manipulation.
The Reserve Bank of India has issued Amendment Directions on Basel Pillar 3 disclosures, seeking stakeholder feedback to enhance capital adequacy standards for banks.
The Reserve Bank of India has conducted an underwriting auction for the re-issue of Government Security, amounting to ₹34,000 crore. The cut-off rates for underwriting commission payable to Primary Dealers have been finalized.
The RBI has issued draft guidance outlining regulatory expectations for data governance, inviting feedback by August 17, 2026. This initiative emphasizes the importance of data quality and compliance risk management for regulated entities.
In a significant ruling, the SAFEMA Tribunal has overturned PMLA freezing orders against cryptocurrency exchanges WazirX and Vauld, emphasizing the necessity for reasoned adjudication. The Tribunal has remanded the matter for fresh hearings.
The SAFEMA Tribunal upheld a FEMA contravention related to a software import case but significantly reduced the penalties imposed on the company and its Director. This decision highlights the Tribunal's discretion in penalty assessment despite affirming compliance violations.
SEBI has proposed extensive revisions to the Portfolio Managers Regulations, emphasizing new investment avenues and compliance measures with comments due by August 13, 2026.
SEBI has issued a draft circular seeking comments on significant changes to the online dispute resolution framework for the securities market, including revised processes and roles for market intermediaries.
SEBI has initiated an ISIN-level buy-back freeze that introduces promoter trading restrictions during buy-backs. This framework aims to enhance preventive compliance in the securities market.
The RBI has published Second Amendment Directions regarding the Resolution of Stressed Assets for Local Area Banks, aimed at improving asset management and financial stability measures.
The Reserve Bank of India has issued Second Amendment Directions focused on income recognition and asset classification for Local Area Banks. This is intended to enhance financial stability and compliance.
The Reserve Bank of India has provided Second Amendment Directions related to income recognition and asset classification for Commercial Banks. These changes are significant for compliance and regulatory practices.