Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ICAI has found a Chartered Accountant guilty of misconduct, ending a 36-year audit tenure. Disparaging remarks made against a fellow CA were cited as bringing disrepute to the profession.
The Reserve Bank of India has published the reserve money data for the fortnight ending July 15, 2026, providing insights into the liquidity conditions in the economy.
Khimani & Associates and Ascendus Law Partners have provided legal counsel for the acquisition of BTG by Nikhil Kamath's WTF.
The Andhra Pradesh High Court has ruled that chewing tobacco is not classified as food under the Food Safety and Standards Act (FSS Act), quashing related FIRs.
The Kerala High Court affirmed the rejection of education loans over a parent’s low credit score, aligning with the IBA Scheme, but allowed for reconsideration if a qualified co-borrower is present.
The Debt Recovery Appellate Tribunal (DRAT) Chennai denied a 2417-day delay request, affirming the dismissal of the recovery appeal against a Debt Recovery Tribunal (DRT) order. The tribunal emphasized the need for prompt actions in recovery matters.
The recent auction of State Government Securities on July 21, 2026, reported a total notified amount of ₹3,500 crore with full acceptance of the bid amounts. Key states involved include Assam, Bihar, and Chhattisgarh.
On July 22, 2026, the RBI announced a Variable Rate Repo auction to manage liquidity, with a total notified amount of ₹75,000 crore. The auction aims to stabilize financial conditions during evolving market dynamics.
The RBI successfully conducted a 2-day Variable Rate Repo auction with a notified amount of ₹75,000 crore. The total amount of bids received was ₹7,200 crore with a cut-off rate and weighted average rate set at 5.26%.
The Calcutta High Court has ruled that respondents cannot contest the maintainability of customs appeals prior to their admission, directing ex parte proceedings. This ruling clarifies procedural aspects in customs appeals.
The CAAR Mumbai has classified Vistacell H under Tariff Item 21022000, ruling it as inactive yeast instead of an animal feed preparation under Heading 2309. This classification carries implications for tax obligations.
CBIC has amended Notification No. 62/1994 to include Udangudi, Tamil Nadu, for the unloading of imported coal. This notification facilitates compliance and streamlines import processes for coal handlers in the region.