Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Reserve Bank of India has imposed a 20% foreign exchange risk reserve on non-deliverable INR derivative contracts exceeding USD 2 million, requiring daily cash deposits and strict reporting by authorized dealers.
FeaturedRBI issued multiple amendment directions in October 2026, aligning capital adequacy norms for commercial, small finance, and payments banks with international standards, particularly on legal opinions for clearing members.
FeaturedThe Kerala High Court ruled on government use of patented inventions under Section 100 of the Patents Act in the context of access to Ribociclib, a cancer drug. The order balances public health needs with patent rights, amid evolving pricing and enforcement policies.
FeaturedThe 57th GST Council approved key reforms on registration, ITC eligibility, refund processing, penalty rationalization, and e-invoicing expansion.
FeaturedMadras High Court quashed a GST assessment demanding more than the show cause notice, mandating fresh proceedings for any enhanced demand.
FeaturedThe Supreme Court, led by CJI Surya Kant, will hear all Delhi protest-related cases on October 15, 2026, including contempt and police action petitions. Petitioners must rectify filing defects for listing.
FeaturedThe Supreme Court stayed the trial against Rahul Gandhi in a criminal defamation case over his 2018 'commander-in-thief' remarks about PM Narendra Modi. The Court issued notice to the State, returnable in four weeks.
FeaturedRBI’s revised ECL framework and stressed-asset sale norms aim to enhance early detection of credit stress and facilitate faster resolution via ARCs and SNFA rules.
FeaturedThe RBI's Monetary Policy Committee raised the repo rate by 25 basis points to 5.50% and shifted to a 'calibrated tightening' stance to control inflation while maintaining growth at 7.1% for FY 2026-27. CPI inflation is projected at 5.2% for the fiscal year.
FeaturedThe Calcutta High Court quashed a transfer pricing order under Section 92CA(3) due to failure to grant a personal hearing and record reasoned findings, affirming procedural fairness in tax adjudication.
FeaturedSEBI passed a final order against Growpital and 30 linked entities for operating an unregistered Collective Investment Scheme and defrauding investors through pooled funds.
FeaturedThe RBI has updated the methodology for minimum capital requirements for counterparty credit risk in derivatives, aligning with Basel standards.