Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Himachal Pradesh High Court held that admission of signature on a blank signed cheque invokes statutory presumption under Section 139 of the Negotiable Instruments Act, shifting burden to the accused to rebut it.
NCLT admitted a ₹32.35 crore CIRP petition despite procedural defects in Form-1, holding that such defects are curable once debt and default are established. The tribunal rejected reliance on Section 10A of IBC, affirming its directory nature.
RBI to conduct an Open Market Sale of ₹25,000 crore Government of India securities on October 13, 2026, via multiple-price, multi-security auction to absorb liquidity.
Reserve Bank of India has launched a special window to meet the entire daily dollar requirements of Indian Oil Corporation, HPCL, and BPCL. The facility, effective October 12, 2026, involves USD sales through designated banks to ensure smooth oil import financing.
The ICAI removed a chartered accountant’s name from the register for one year for failing to report massive financial siphoning and audit lapses involving ₹1,150 crore.
The Himachal Pradesh High Court held that an admitted signature on a blank cheque triggers a statutory presumption under Section 139 of the Negotiable Instruments Act, placing the burden on the accused to rebut it.
Himachal Pradesh High Court upheld acquittal in a Section 138 NI Act case, citing failure to prove complainant's financial capacity to advance loan.
Himachal Pradesh High Court held that admission of signature on a cheque raises a statutory presumption of liability under Section 139 of the Negotiable Instruments Act.
RBI revises methodology for minimum capital requirements for counterparty credit risk in commercial banks, aligning with updated international best practices.
RBI relaxes mandatory legal opinion requirement for clearing member financial institutions across AIFIs, payments banks, and small finance banks through a series of amendment directions in 2026.
RBI permits cancellation and rebooking of foreign exchange derivative contracts by Authorised Dealers under revised guidelines. The move addresses client hedging needs amid volatile forex markets.
The Reserve Bank of India has updated norms for Authorised Dealers on foreign exchange risk reserve to ensure orderly market functioning. The changes include revised risk weightings and enhanced reporting requirements under the Master Direction on Risk Management and Inter-Bank Dealings.