Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has permitted the Palco amalgamation scheme while requiring the company to hold meetings of equity shareholders, citing insufficient evidence for dispensation. This ruling clarifies the obligations under corporate amalgamation procedures.
In light of recent disruptions due to a data center fire, the Ministry of Corporate Affairs (MCA) has extended the deadline for DPT-3 filings until July 31, 2026.
The Institute of Chartered Accountants of India (ICAI) is enrolling 25 CA firms under the PM Internship Scheme aiming to create 2,000 internship opportunities, fostering practical training in the field.
The Institute of Chartered Secretaries and Administrators (ICSI) has mandated members to update their personal contact details to ensure effective communication. The use of common mobile numbers and email IDs is prohibited to facilitate seamless authentication.
In a significant ruling, the NCLT has initiated insolvency proceedings against Evoq Remedies for failing to deliver goods worth ₹1.95 crore, marking a critical development in the enforcement of commercial obligations.
The Reserve Bank of India has updated the guidelines for the Lead Bank Scheme, reinforcing its operational framework aimed at facilitating credit access.
The RBI has released minutes from the Monetary Policy Committee meeting held from June 3 to 5, 2026.
The RBI has published its Weekly Statistical Supplement Bulletin, detailing liabilities and assets as of June 12, 2026.
The RBI imposed a penalty of ₹3.10 lakh on Pahal Financial Services for KYC compliance failures.
The RBI has levied a penalty of ₹2.70 lakh on Can Fin Homes Limited for non-compliance with Fair Practices Code.
The RBI has imposed a penalty of ₹6.20 lakh on Five Star Business Finance Limited for non-compliance with KYC regulations.
The RBI has finalized and issued a revised circular on the Lead Bank Scheme, incorporating stakeholder feedback received on the draft.