Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has introduced new directions for credit derivatives markets under its Master Direction. This aims to regulate novel financial instruments and promote stability in credit markets.
The Reserve Bank of India has issued Master Directions for Credit Derivatives aimed at enhancing regulatory mechanisms in financial markets. This development is expected to facilitate the introduction of new financial instruments.
SEBI is proposing amendments to the SDI Regulations to align the securitisation framework with the RBI's 2025 rules.
The Delhi High Court’s ruling on banning Telegram highlights the intersection of public order and copyright enforcement, raising concerns about regulatory framework surrounding intermediary liability.
The Delhi High Court has issued a key ruling on transborder reputation, addressing the trademark dispute between an Indian liquor company and an Irish whiskey producer over the mark ‘Whistler’.
The Calcutta High Court has quashed a show cause notice (SCN) issued under Section 74 for multiple financial years, confirming that such a practice is not permitted under the existing laws.
The Madras High Court has ruled that GST proceedings can be initiated against legal heirs of a deceased proprietor under Sections 73, 74, or 74A, but recovery is limited to the status of the inherited estate.
Karnataka HC ruled that Section 45(1) of the PMLA allows bail for women without meeting the standard twin conditions.
The Karnataka High Court ruled that statutory first charges supersede the SARFAESI Act's priority in asset disputes, affirming the precedence of statutory rights.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) petition after determining that failure to deliver possession within the promised timeline constitutes financial default.
The NCLT has ruled that delays from RERA proceedings cannot bar homebuyers from initiating insolvency proceedings against developers.
The Calcutta High Court has quashed the State Bank of India's fraud categorization notice, ruling that the forensic audit was inconclusive due to missing financial records.