Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
A weekly compilation of significant rulings from the Supreme Court and various High Courts between October 3 and 9, 2026, covering tax, commercial, and procedural matters.
The RBI revised provisions on deferment of option premium under the Commercial Banks – Miscellaneous Directions, 2025, aligning with updated forthcoming instructions and market practices.
India’s current account deficit widened to $5.2 billion in August 2026 from $6.1 billion in August 2025. The April–August 2026 deficit stood at $18.3 billion, reflecting increased trade and services imbalance.
Several state governments, including Andhra Pradesh and Tamil Nadu, will auction a total of ₹24,400 crore in securities through re-issuance of existing stocks. Auctions will be price-based.
The Directorate General of Foreign Trade extended the Rebate of State and Central Taxes and Levies (RoDTEP) scheme until December 31, 2026, maintaining existing rates and value caps.
The Institute of Chartered Accountants of India removed a CA’s name from the register for one year for failing to report ₹1,150 crore fund siphoning and ignoring going concern uncertainties during audit.
Amendments to Commercial Banks (Miscellaneous) Directions clarify deferment of option premiums and align with forthcoming regulatory instructions.
On October 16, 2026, several state governments, including Andhra Pradesh and others, announced auctions to raise ₹24,400 crore through the re-issue of State Government Securities (SGS), with price-based and yield-based bidding methods.
The RBI notified the redemption price for premature redemption of Sovereign Gold Bond (SGB) 2019–20 Series V on October 15, 2026, as permitted under government rules after the fifth year. The price is based on the simple average of domestic gold prices over a specified period.
On October 15, 2026, the RBI conducted a 1-day Variable Rate Reverse Repo (VRRR) auction with a notified amount of ₹50,000 crore. The total accepted amount was ₹9,562 crore at a uniform cut-off and weighted average rate of 5.49%, indicating selective liquidity absorption.
SEBI exempts call recordings for institutional clients under Research Analyst Regulations, effective November 2026, reducing compliance burden without undermining oversight.
A petition has been filed before the Delhi High Court seeking to restrain the 'Cockroach Janta Party' from holding protests at Connaught Place, citing public disruption and financial losses.