Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has issued the Sixth Amendment Directions, 2026, updating capital adequacy norms for Small Finance Banks, particularly legal opinion requirements for clearing members.
The RBI has issued the Third Amendment Directions, 2026, modifying prudential capital adequacy norms for Payments Banks, particularly concerning legal opinions for clearing members.
The Reserve Bank of India has issued the Fifth Amendment Directions, 2026, revising prudential norms on capital adequacy for All India Financial Institutions (AIFIs), particularly aligning legal opinion requirements for clearing members.
RBI introduces Credit Valuation Adjustment (CVA) framework for commercial banks from April 2027, prescribing capital charges, risk weights and disclosures.
Effective 1 October 2026, the RBI revised FEMA export regulations mandate a 9-month foreign exchange realisation period and 12 months for INR-denominated exports, with clarifications on Authorised Dealer Bank extensions and compliance obligations.
NCLAT Chennai rules merger schemes cannot be rejected at first motion on delay or appointed date issues. Objections to be considered at final approval.
Telangana HC rules ROC must process DIR-12 even with private disputes. No unilateral withholding without court injunction.
P&H HC rules ROC must verify DIR-12 documents before approval. Mandates active scrutiny of director removal filings.
Calcutta HC mandates ROC to decide DIR-12 complaints after hearing parties. Order underscores due process in directorship changes.
NCLT Ahmedabad held that revival letters and financial statements toll limitation for IBC petitions under Section 7. Debt acknowledgment resets time for insolvency initiation.
NCLAT Delhi remanded a VCare oppression petition, holding that commercial restructuring does not preclude findings of unfair prejudice. Status quo on shares and assets restored.
NCLT Mumbai upheld a resolution plan for Zicom Electronics with 75.46% CoC approval after reconsideration of valuation and feasibility. The tribunal found the revised plan compliant with IBC requirements and in the best interest of stakeholders.