Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Reserve Bank of India has released an update on the implementation of Section 51A of the UAPA, responding to changes in the UNSC's sanctions lists. This compliance measure affects various financial institutions and enhances regulations regarding terrorism financing.
FeaturedThe Kerala High Court upheld the power of the RBI to replace a cooperative bank's board with an administrator, validating the requirement for state consultation for extensions.
FeaturedBank of Baroda has reached a $600 million out-of-court settlement regarding its exposure in the NMC Health fraud case without admitting liability, closing insolvency proceedings in both Abu Dhabi and London.
FeaturedBank of Baroda has agreed to a $600 million settlement to resolve litigation relating to the NMC Health fraud case, concluding ongoing insolvency proceedings in Abu Dhabi and London without admitting liability.
FeaturedIn a significant ruling, the NCLT noted that a guarantor's liability should mirror the principal borrower's responsibilities. This principle was reaffirmed during the initiation of CIRP against Utkal Steels.
FeaturedThe RBI's recent directives expand the credit derivatives market by introducing new instruments, enhancing the range of hedging tools available to market participants.
FeaturedThe RBI has introduced new Credit Derivatives Directions to enhance the regulatory framework for credit derivatives, replacing the previous set of guidelines.
FeaturedThe Calcutta High Court has directed a strict six-month timeline for concluding the liquidation of 32 banking companies, noting the absence of legal barriers despite recent amendments.
FeaturedThe Reserve Bank of India has issued the Master Direction for Credit Derivatives, facilitating the introduction of derivatives on credit indices and total return swaps on corporate bonds.
FeaturedThe Reserve Bank of India has issued its Master Direction regarding credit derivatives. This is a significant move towards introducing derivatives on credit indices and corporate bonds, responding to market demand.
FeaturedThe Reserve Bank of India has released directions regarding the introduction of credit derivatives and total return swaps. These directions aim to enhance regulatory clarity in the credit derivatives market.
FeaturedCRED has successfully raised $900 million from Meta in a Series H funding round, involving primary subscriptions and secondary share acquisitions. Key changes in management were announced alongside this transaction.