Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Calcutta High Court has upheld a bank's decision to withhold a No Due Certificate, affirming that all loan-related charges must be settled before such certification is granted.
The Reserve Bank of India has released a third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for commercial banks, adjusting liquidity management rules.
The Reserve Bank of India has announced a third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for small finance banks, impacting their liquidity management.
The RBI has published a third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for urban co-operative banks, affecting liquidity management practices.
The RBI has announced a third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for rural co-operative banks, targeting NRE term deposits.
The Reserve Bank of India has announced the third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for regional rural banks, affecting NRE term deposits.
The Reserve Bank of India has released a notification regarding the Lead Bank Scheme, addressing policies relevant to the banking sector's approach to rural lending.
Several Indian states are set to auction securities worth ₹16,900 Crore. Bihar is among the states participating with a re-issue of its 7.69% state government securities.
The NCLT in Ahmedabad has ordered the rectification of Ambuja Cements' share register, declaring the transfer of 21,000 equity shares as fraudulent. This ruling highlights the tribunal's stance on shareholder protection and fraudulent transactions.
NSE Academy has received NCLT Mumbai's approval for a selective capital reduction of ₹241.32 crore, allowing repayment of excess preference capital under Section 66 of the Companies Act. This ruling underscores the framework for capital reduction under corporate law.
An NCLT ruling has reclassified a Yes Bank loan secured on promoters' property as unsecured debt under the Insolvency and Bankruptcy Code, addressing the legal standards for secured debts.
The NCLT has admitted an insolvency plea against a paper mill over an operational debt of ₹1.25 crore. The case was initiated under Section 9 of the Insolvency and Bankruptcy Code, marking a significant move in the operational sector.