Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has amended its directives governing income recognition, asset classification, and provisioning in a bid to bolster the financial health of All India Financial Institutions.
The Reserve Bank of India has issued amendments to the Credit Risk Management directives applicable to All India Financial Institutions, aimed at enhancing their ability to manage financial stress effectively.
The Reserve Bank of India has introduced new directions governing the conduct of government business by Agency Banks, focusing on payment of agency commissions and oversight mechanisms. This aims to enhance transparency and efficiency in financial operations.
The Delhi High Court's recent ruling in favor of Anil Kumar Tiwari reveals the complexities surrounding personality rights jurisdiction in India, especially regarding social commentary and meme culture interactions.
The Delhi High Court issued an ex parte ad-interim order barring the use of a specific lyric line by defendants in Ivy Entertainment's case. This decision emphasizes copyright concerns regarding distinct song elements and lyric ownership.
MCA's amendment recognizes zero coupon zero principal instruments issued by NPOs on the Social Stock Exchange as valid for CSR, creating new funding opportunities while ensuring fund utilization safeguards.
The Ministry of Corporate Affairs (MCA) has expanded the eligibility criteria for Corporate Social Responsibility activities to include investments in Zero Coupon Zero Principal Instruments, thereby promoting funding through Social Stock Exchanges.
The Delhi High Court ruled that expenses like phones and cars incurred by companies cannot be deemed personal expenditure. This ruling overturns a previous income tax disallowance, affirming that companies, as separate legal entities, do not incur personal expenses unlike individuals.
Delhi High Court ruled that company expenses such as phone and car are business-related and not personal, reversing previous income tax disallowance. This distinction highlights the unique nature of corporate expenditures compared to individual assessments.
The Reserve Bank of India has issued amendments pertinent to urban co-operative banks, specifically addressing governance and board appointments. This development is shaped by the Banking Regulation (Amendment) Act, 2020.
The Reserve Bank of India has announced the Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026, enhancing governance protocols based on the Banking Regulation (Amendment) Act, 2020. These directions amend the structure and responsibilities of the Board of these banks.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective from May 4, 2026.