Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Recent data indicates significant foreign exchange inflows via FCNR(B) deposits and ECBs under the RBI's Forex Swap facility. This facility was established to enhance forex liquidity.
The RBI will conduct a 7-day Variable Rate Reverse Repo Auction on August 17, 2026, with a ceiling amount of ₹2,00,000 Crore. This step is part of the ongoing liquidity management strategy.
The Madras High Court's analysis of evidence under Section 107A for regulatory approval highlights the complexities involved with the Bolar exemption. While clarity is provided, the ruling poses challenges for manufacturers that could hinder the provision's intended purpose.
The Delhi High Court's recent decision in Saregama v. Ilaiyaraaja addresses the evidentiary standards required for obtaining an interim injunction, clarifying the nature of copyright ownership in a digital context. This ruling leaves open questions on assignment validity and irreparable injury.
The Delhi High Court has requested clarity from Meta regarding its Rights Manager tool policies, amidst growing concerns regarding copyright enforcement under current intermediary liability frameworks. This situation is exacerbated by recent amendments to the IT Rules, which tighten obligations for intermediaries.
The Parliament has passed significant amendments to the MSME Development Act, aimed at alleviating compliance difficulties for micro, small, and medium enterprises. This marks a crucial legislative effort to support MSMEs in India.
The Delhi High Court upheld a Look Out Circular (LOC) against an exporter, affirming that courts cannot question the sufficiency of evidence leading to the issuance of an LOC. This ruling emphasizes the executive's discretion in such matters.
The NCLT approved the dissolution of Paysend India after confirming that the company had completed voluntary liquidation with full compliance with necessary statutory requirements under the IBC.
The NCLT directed the return of 124 electric vehicles to the Resolution Professional, stating that disputed contractual monetary claims cannot be reviewed under the IBC.
The NCLAT ruled that formal loan agreements are not prerequisite for establishing financial debt, upholding the status of repayable advances under the IBC.
The Bombay High Court ruled that NCLT's post-facto approval of arbitration proceedings does not render them void ab initio, confirming their validity from the date of approval.
The NCLAT upheld the implementation of Rolta India's resolution plan, ruling that the Department of Telecommunications (DoT) cannot revive claims not challenged in time. This decision safeguards CIRP finality.