Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
In a significant ruling, the ITAT upheld the deletion of unexplained cash credit additions made by the Revenue, determining that the refund of an advance for a land deal was genuine and substantiated.
The RBI has introduced the 'Master Direction – Credit Derivatives Directions, 2026' to enhance regulation and oversight in credit derivatives markets. This revision is aimed at ensuring clarity and promoting growth in this segment.
The Madhya Pradesh High Court has granted anticipatory bail to Tehelka journalist Vinay Arora, facing extortion charges from a sting operation on female foeticide. This follows earlier bail granted to another journalist linked to the case.
The IBBI canceled an Insolvency Professional's registration due to systemic misuse of the CIRP process and compliance failures.
In a significant ruling, the Supreme Court held that tenure appointments do not guarantee automatic regularization of employment, emphasizing that acceptance of terms limits future claims.
The Bombay High Court ruled that the moratorium under Section 14 of the IBC does not prevent deemed conveyance under Section 11 of the MOFA, restoring the society's application related to the matter.
The Supreme Court ruled that hotel booking records and call detail records can be summoned to prove adultery in matrimonial disputes without violating privacy rights. This ruling underscores the necessity of such evidence for fair matrimonial proceedings.
RBI penalizes Bank of Baroda for violations in Fair Practices Code and KYC regulations.
The Calcutta HC has ruled that the IBC moratorium does not prevent pre-existing civil suits from proceeding, setting aside the dismissal of a guarantor suit against Canara Bank.
The NCLT has admitted Union Bank's insolvency petition, confirming that personal guarantors are liable under Section 98 of IBC.
The NCLT ruled that adherence to IBC timelines is mandatory. Secured assets must merge into the liquidation estate if timelines are breached.
The NCLT ruled that claims under Section 60(5) of IBC cannot be admitted once a resolution plan is approved. This impacts homebuyers' rights to file fresh claims after allotment cancellation.