Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
On May 15, 2026, the Reserve Bank of India conducted an underwriting auction for government securities, setting cut-off rates for underwriting commissions payable to Primary Dealers. This auction included key financial specifics crucial for participating entities.
The Calcutta High Court has reinforced the rights of authors concerning sound recordings, emphasizing the necessity for economic benefits from copyright provisions for underlying works.
Recent developments involving the Serum Institute of India regarding a Nipah vaccine and the sidelining of an indigenous HPV vaccine highlight ongoing issues in India's vaccine policy. These cases underscore significant challenges related to transparency and access.
The Calcutta High Court has directed the RBI to reconsider an NBFC's surrender plea, emphasizing the need for a fair hearing before rejection based on meeting performance benchmarks.
The High Court upheld the DICGC's right to priority recovery of interim payments from insured banks, reinforcing legislative competence. This judgment has significant implications for depositors and the financial sector.
The IBBI has amended regulations to introduce nominee directors on the governing boards of insolvency professional agencies, aimed at improving accountability and oversight.
The Tripura High Court has issued a stay on Bar Association actions against an advocate who did not participate in a court boycott. The ruling reinforces lawyers' rights to perform professional duties without coercion.
NCLT Mumbai has ruled that an arbitration clause in a memorandum of understanding does not prevent the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC when a financial default is proven.
The ITAT Ahmedabad ruled that the Supreme Court's disallowance of LTC exemption involving foreign travel does not apply retroactively to create TDS default liability for prior periods covered by judicial protection.
The Supreme Court has directed an SIT investigation into the illegal sale of land owned by Maharishi Mahesh Yogi's foundation. This follows multiple FIRs alleging unauthorized transactions.
The Supreme Court addressed the distinction between judicial review and determination in the Sabarimala case. Justice Joymalya Bagchi emphasized that aspects of faith could be justiciable, influencing future religious rights cases.
The Bombay High Court emphasized the need for timely decisions in insolvency cases, directing NCLT to expedite JM Financial's ₹167 crore plea. The court's order underlines that delays undermine the purpose of the Insolvency and Bankruptcy Code (IBC).