Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Wingreens Farms has successfully completed a ₹120 crore Series D fundraise led by Ashish Kacholia, while concurrently acquiring Safe Harvest. Antares Legal advised on both transactions.
The Calcutta High Court ruled that liability for motor vehicle tax arises only after a countersigned inter-state permit is granted. Tax demands made prior to countersignature were declared without jurisdiction.
The NCLAT ruled that an email from the Corporate Debtor acknowledging operational debt warranted the admission of a CIRP application. The Tribunal clarified that disputed issues were not genuine pre-existing disputes.
The Bombay High Court has temporarily restrained a bank from taking possession of secured assets as the Chairperson of DRAT was unavailable to hear restoration applications. Interim relief is granted until May 20, 2026.
The Calcutta High Court upheld the demand for cost recovery charges from a Container Freight Station operator, emphasizing the principle of 'substance over form' in legal obligations.
The RBI has issued the Second Amendment Directions for Commercial Banks concerning their investment portfolios, focusing on operational improvement and compliance.
The RBI has released amendments to enhance operational standards regarding the investment portfolios of Small Finance Banks, reinforcing regulatory compliance.
The RBI has released new amendment directions for Payments Banks aimed at enhancing the classification and valuation of their investment portfolios amidst operational challenges.
The RBI has issued amendments for Local Area Banks regarding the operation and classification of their investment portfolios, focusing on enhancing operational efficiency.
The RBI has introduced new amendment directions affecting the investment portfolio of Urban Co-operative Banks, focusing on enhancing compliance and operational efficiency.
The Reserve Bank of India has released Amendment Directions impacting the classification and valuation of investment portfolios for Rural Co-operative Banks, responding to operational needs.
The RBI has amended the directions concerning the classification, valuation, and operation of investment portfolios for Regional Rural Banks, reflecting a response to operational contingencies.