Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The IBBI has issued standardized formats for various insolvency procedures involving personal guarantors, enhancing transparency and consistency in bankruptcy processes.
The Allahabad High Court criticized the UP Police for acting beyond their mandate in private property disputes, asserting that criminal law must adhere to statutory definitions and cannot be misapplied.
The Karnataka High Court ruled that the Directorate of Enforcement's reliance on generic, copied justifications for provisional attachment under the Prevention of Money Laundering Act is inadequate. This decision reinforces the need for specific and substantial reasoning in enforcement actions.
The NCLT has admitted SBI's application under Section 7 of the IBC for insolvency against Martina Bio Genics, stating that ongoing winding-up proceedings cannot obstruct the IBC's objective of corporate revival.
The RBI has amended FEMA regulations to replace references to the NCLT with ‘Competent Authority’, simplifying the approval process for cross-border mergers. This change is expected to expedite transactions and enhance regulatory clarity.
The Reserve Bank of India has introduced amendments to facilitate foreign investors' participation in Indian government bonds, making the debt market more attractive. This development is expected to enhance long-term investment opportunities.
SEBI has issued a directive making the nomination process mandatory from September 2026, to minimize disputes and expedite the process of asset transmission to protect investors’ interests.
The NCLAT has upheld the eviction of occupants, ruling that unregistered profit-sharing agreements do not create tenancy rights over the assets of a corporate debtor during the Corporate Insolvency Resolution Process (CIRP).
The NCLAT has ruled that a contempt order that imposes civil imprisonment is unsustainable if the individual contemnors are not specifically identified and due process is not followed. This highlights important procedural safeguards within contempt jurisdiction.
The Reserve Bank of India has amended the guidelines for income recognition, asset classification, and provisioning for All India Financial Institutions, aimed at improving asset management practices.
The Reserve Bank of India has published new directions regarding the conduct of government business by Agency Banks, emphasizing the payment of agency commission and oversight measures. These guidelines set forth essential regulations for the appointment and operational guidelines of Agency Banks.
The RBI has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026. This is significant for regional banking operations.