Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court dismissed Byju Raveendran's appeal related to the NCLAT's decision and instructed an expedited inquiry against the Interim Resolution Professional (IRP). The Court emphasized the necessity for the ongoing investigation to proceed without delay.
FeaturedThe Reserve Bank of India has canceled the Certificate of Registration for 150 non-banking financial companies, emphasizing regulatory compliance and the importance of maintaining operational standards.
FeaturedThe Delhi High Court's pro-tem order in Malikie v. Xiaomi introduces confusion into standards for assessing Standard Essential Patents (SEPs), indicating a misstep in legal reasoning that may impact future adjudications.
FeaturedSEBI has proposed comprehensive amendments to the Buy-Back Regulations, reintroducing open market buy-backs and simplifying compliance requirements to enhance investor protections.
Madras HC upheld FCRA rejection of a trust that concealed its religious character by labelling Zen activities as non-religious.
Complete guide to ODI under FEMA 2022: 400% net worth limit, RBI approval thresholds, loan/guarantee norms, APR and FLA reporting.
Effective 1 October 2026, RBI mandates 9-month deadline for export proceeds realisation, extendable by AD banks; INR exports allowed 12 months.
RBI mandates a 20% foreign exchange risk reserve on INR derivative contracts exceeding USD 2 million, requiring daily cash deposits and real-time reporting to curb speculative pressures.
RBI bars rebooking of cancelled INR forex derivative contracts, reduces unhedged position threshold to USD 5 million, and mandates enhanced hedging disclosures, effective immediately.
Reserve Bank of India requires all goods and services exporters to file an Electronic Declaration Form (EDF) with designated banks from October 1, 2026 to streamline forex reporting and compliance.
Institute of Chartered Accountants of India removed a CA's name for one year for failing to report material financial irregularities and going concern risks in audit of a company involved in ₹1,150 crore fund diversion.
The Himachal Pradesh High Court held that admission of a signature on a blank cheque raises a statutory presumption of liability under Section 139 of the Negotiable Instruments Act, 1881. Conviction follows unless the accused rebuts the presumption.