Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The CESTAT Mumbai has set aside a revocation of a customs broker's license, finding insufficient evidence for alleged CBLR violations. This ruling emphasizes the necessity for concrete proof in regulatory actions against licensed brokers.
The RBI has announced the auction of two dated government securities totaling ₹28,000 crore, aimed at managing the country’s debt effectively.
The Bar Council of India (BCI) has issued a circular imposing stringent regulations on advocates' use of social media, aimed at preventing misleading content and ensuring proper disclosure.
The NCLT has determined that leased vehicles owned by a corporate debtor are part of the insolvency estate and must be returned to the Resolution Professional during CIRP.
The NCLT ruled that fraud allegations made after a demand notice do not constitute a pre-existing dispute to negate the CIRP process against Montecarlo Ltd.
The Calcutta High Court permitted a Rs 60 lakh consultancy claim by emphasizing the performance of services despite the absence of a formal contract, invoking principles of quantum meruit.
SEBI's latest amendments to the Buyback Regulations of 2026 restore the stock exchange route for buybacks, mandate shareholder notifications, and optional appointment of Merchant Bankers. These changes clarify procedures for public companies looking to repurchase their shares.
SEBI has announced the extension of Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) standing instructions for demat mutual fund units, with implementation set to begin by January 31, 2027. This development aims to enhance investor convenience and operational efficiency.
NCLT Mumbai allows a waiver under Section 244 and permits the continuation of an oppression and mismanagement petition.
Karnataka HC clarifies that disqualifications under Section 164 do not vacate a director's office in a defaulting company.
NCLT Mumbai denies Jet Lite employees' claims to be treated as Jet Airways workmen in the company's liquidation process.
NCLT Kochi disallowed amendments to a company petition that introduced new causes of action, clarifying boundaries defined by Rule 155 of the NCLT Rules.