Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI has prohibited authorised dealers from allowing clients to rebook cancelled foreign exchange derivative contracts involving INR. The measure, effective immediately, aims to curb speculative activity and ensure orderly forex market conditions.
The Reserve Bank of India has established a special facility to meet the full daily foreign exchange requirements of three public sector oil marketing companies starting October 12, 2026. The move aims to ensure smooth forex access for critical energy imports.
SEBI’s 2026 Settlement Regulations revise penalty calculations, introduce fast-track procedures, and prescribe updated timelines and disclosure norms.
SEBI’s Portfolio Managers Regulations, 2026, effective April 2027, introduce a comprehensive regime for registration, capital, PRIM, and client safeguards.
SEBI’s 2026 amendment extends vault manager regulations to gold and silver ETFs and bullion derivatives, enhancing custody, insurance, and investor protection norms.
ICAI removed a chartered accountant's name from the register for one year for failing to report material financial irregularities and going concern uncertainties in a ₹1,150 crore siphoning case.
NCLT approves voluntary liquidation under Section 59 IBC but holds directors liable for future contingent dues despite debt settlement.
The NCLT held that pending winding-up proceedings do not preclude initiation of CIRP under IBC if no irreversible steps toward liquidation have been taken.
RBI to sell ₹25,000 crore of central government securities via multi-security auction on October 13, 2026. Aims to manage liquidity and signal monetary tightening.
RBI issues new circulars restricting rebooking of cancelled INR derivative contracts and tightening forex market regulations. The move aims to prevent speculative trading and ensure orderly market conditions.
Reserve Bank of India has launched a special facility to meet the full daily dollar requirements of three public sector oil marketing companies: IOCL, HPCL, and BPCL. The window will be operational from October 12, 2026, via designated banks.
The NCLAT has upheld the extension of a resolution plan timeline, ruling that delays in property handover not attributable to the resolution applicant cannot burden the successful bidder.