Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe RBI has introduced Fraud Risk Management Directions for All India Financial Institutions, emphasizing governance and effective fraud reporting mechanisms.
FeaturedThe Reserve Bank of India has notified the Cybersecurity, Technology Risk, Resilience and Assurance Framework Directions, 2026 for Non-Banking Financial Companies (NBFCs). These directions establish guidelines for governance, reporting, and cybersecurity controls.
FeaturedThe Supreme Court instructed the MoEF&CC to develop environmental compensation guidelines for violations of Solid Waste Management Rules, citing specific legal principles.
FeaturedThe Allahabad High Court has recused itself from 75 related bail matters, emphasizing the need for judicial independence in light of improper contact attempts with the judge.
FeaturedIn a significant ruling, the Bombay High Court quashed an MVAT attachment over a secured asset, reinforcing a bank's priority under the SARFAESI Act.
FeaturedThe NCLAT has ruled that funds advanced under a sale agreement constitute financial debt under the IBC, allowing a Section 7 petition. This decision has set aside the NCLT's earlier order on the matter.
FeaturedThe Reserve Bank of India has announced the resumption of licensing for Urban Co-operative Banks (UCBs) on an 'on tap' basis. This decision follows a comprehensive analysis of stakeholder feedback and marks a significant policy shift in the banking sector.
FeaturedThe Delhi High Court recognized Toyota's 'ALPHARD' mark as well-known, affirming its trans-border reputation and clarifying the legal test for trans-border reputation in luxury markets.
FeaturedThe Calcutta High Court ruled that an exclusive jurisdiction clause in favor of UK courts does not override mandatory provisions of the Foreign Exchange Management Act (FEMA).
FeaturedSupreme Court Justice Joymalya Bagchi has called attention to the detrimental impact of social media on judicial independence, highlighting the challenges that misinformation poses to legal proceedings. This statement underscores the need for clarity and integrity in justice.
FeaturedThe Bombay High Court has reprimanded the Income Tax Appellate Tribunal for failing to meet the 90-day deadline for issuing orders, highlighting the need for timely judicial processes in tax matters. This ruling stresses the importance of adhering to established timelines.
FeaturedThe Delhi High Court granted the mark 'ALPHARD' the status of well-known trademark, emphasizing its trans-border reputation. This ruling marks a significant shift in understanding brand visibility in luxury markets.