Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Ministry of Corporate Affairs has reported that the insolvency resolution process under the IBC has led to creditor recoveries exceeding ₹4 lakh crore by March 2026, signaling the effective implementation of the Insolvency and Bankruptcy Code.
RBI invites comments on draft directions aimed at strengthening capital adequacy disclosures for banks to ensure improved risk reporting.
RBI mandates a three-year cooling-off period for co-operative bank directors after ten years of service to enhance governance and compliance.
Under new FEMA regulations, service exporters will be required to file monthly EDF declarations starting October 2026. Non-compliance may impact eBRC generation and GST refunds.
The Centre has approved the cadre restructuring of the Enforcement Directorate, significantly increasing its staff strength across various key functions. This decision aims to enhance the agency's operational capabilities.
The Directorate General of Foreign Trade has mandated that importers and exporters must annually update their Importer-Exporter Code (IEC) to prevent deactivation. This regulation is part of a broader strategy to ensure streamlined governance within India's import-export ecosystem.
The Finance Ministry has recognized ICICI Bank, Groww, and Upstox as reporting entities under the PMLA, enhancing digital financial verification systems in India. This move is significant for compliance and regulatory practices in the securities market.
The NCLT has admitted an insolvency plea against an online gaming firm for defaulting on a loan amounting to ₹2.81 crore, appointing an interim resolution professional to manage the case.
SEBI clarified that Infrastructure Investment Trusts (InvITs) can borrow beyond 49% of asset value for capital expansion and eligible debt refinancing, enhancing investment flexibility.
SEBI has released a revised Master Circular consolidating surveillance directives to enhance insider trading compliance and market integrity through improved mechanisms.
SEBI is advocating for an API-based connectivity model for Straight-Through Processing (STP) to enhance operational efficiency and reduce latency in institutional trade processing.
SEBI's draft paper proposes easing restrictions on third-party payments in mutual funds under specific scenarios, aiming to provide operational flexibility while ensuring compliance.