Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The IRDAI has officially notified the Manner and Procedure for Imposing Penalties Regulations, 2026, outlining the processes for penalty proceedings, hearings, and appeals.
The Karnataka High Court has allowed an appeal from New India Assurance, determining that the deceased individual's Income Tax Return provides a binding admission regarding age, overriding unproduced educational records.
Following public feedback, the IRDAI has revised and responded to the draft Insurance Surveyors and Loss Assessors Regulations, clarifying various provisions in the proposed framework. The changes aim to improve governance.
The Kerala High Court ruled that a pillion rider injured in a motorcycle accident is entitled to compensation despite the rider's negligence. The court emphasized that innocent guests cannot be held responsible.
The Calcutta High Court has increased the Motor Accident Claims Tribunal (MACT) compensation to ₹12.5 lakh, rejecting the insurer's outdated income claim. This ruling underscores the importance of updated and accurate evidence in MACT cases.
The Calcutta High Court dismissed a plea from National Insurance based on outdated information and enhanced compensation under the MACT, solidifying the standard that suspicion cannot replace actual proof.
The Delhi High Court clarified that insurance companies cannot deny compensation for road accidents involving combined tractor-trolley units on grounds of separate insurance.
IRDAI has approved a Risk Based Capital framework aimed at enhancing solvency assessment in the insurance sector, aligning it with global standards.
The IRDAI has amended regulations pertaining to Third Party Administrators, revising aspects related to registration, annual fees, and compliance norms.
The AAIB has informed the Supreme Court that the draft report on the June 2025 Air India crash is expected to be completed by October. This follows requests for a judicial probe into the incident.
The IRDAI has mandated insurance companies to submit show cause notices and relevant documents promptly to insurance ombudsmen to enhance transparency in dispute resolution.
The IRDAI has issued a warning to a broker for implementing shareholding changes without prior approval, highlighting the need for compliance with regulatory norms. Corrective measures and future commitments were considered in the ruling.