Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Calcutta High Court quashed the automatic confirmation clause in ITAT proceedings related to Section 68, restoring the appeal for fresh adjudication and reducing the imposed cost.
The Kerala High Court has ruled that a Chief Judicial Magistrate (CJM) is empowered to restore possession of a secured asset to a creditor following an early delivery of possession under Section 14 of the SARFAESI Act.
The CBDT has notified the Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026, aimed at ensuring compliance among small taxpayers regarding foreign assets. This initiative is expected to enhance transparency and tax compliance.
The Bombay High Court cautioned against using legal proceedings as a 'proxy war' during its hearing of Arnab Goswami's plea to quash an FIR related to a 2018 case. This highlights the court's stance on ensuring judicial processes are not misused.
The Delhi High Court has instructed the Ministry of Information and Broadcasting, CBFC, and film producers to discuss the inclusion of accessibility features for disabled audiences in cinemas and OTT platforms. This ruling underscores the importance of making entertainment more inclusive.
The Ministry of Corporate Affairs has issued the Companies (Ind AS) Amendment Rules, 2026, incorporating significant changes to various standards effective from April 1, 2026.
The Karnataka High Court has granted interim protection to ASTRO 247, preventing the use and exploitation of disputed applications amid an ongoing IP ownership arbitration.
The Reserve Bank of India has issued amendments to the Priority Sector Lending framework, adjusting the targets and classifications to align with current economic needs.
The SAFEMA Tribunal has upheld the benami attachment of ₹98 lakh relating to demonetized cash and RTGS transfers, reinforcing the framework against benami transactions.
The MSME Development Amendment Act 2026 introduces provisions for digital registration and streamlining of dispute timelines, enhancing operational efficiencies for micro, small, and medium enterprises.
The MSME Development Amendment Bill 2026 introduces key reforms for payment processes and dispute resolutions, including revised classifications and enabling the recovery of dues for MSMEs.
The NCLAT has permitted a financial claim on an uninvoked corporate guarantee during the Corporate Insolvency Resolution Process (CIRP), affirming that the Resolution Professional cannot unilaterally reject valid claims. This reinforces the security of corporate guarantees in insolvency proceedings.