SC Rules Cash Loan Enforceable Under NI Act Despite Section 269SS Breach
The Supreme Court affirmed that although breaching Section 269SS incurs penalties, such a breach does not render a cash loan unenforceable under the Negotiable Instruments Act.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Supreme Court affirmed that although breaching Section 269SS incurs penalties, such a breach does not render a cash loan unenforceable under the Negotiable Instruments Act.
The Delhi High Court reinstated a customs broker's licence after ruling that the mandatory 90-day timeline under Regulation 17(5) of CBLR 2018 was not adhered to during revocation. This judgment emphasizes the importance of procedural adherence in administrative actions.
The Bar Council of India (BCI) has introduced stringent regulations governing advocates' social media conduct. Advocates must now designate Social Media Ethics Nodal Officers and ensure transparency in content creation.
FeaturedThe Orissa High Court held that a corporate debtor is not liable for criminal prosecution for environmental violations occurring before commencement of Corporate Insolvency Resolution Process if a resolution plan has been approved.
The NCLAT Delhi has dismissed appeals against penalties and debarment of an auditor related to the audit of a listed company. This ruling reinforces professional accountability and the significance of compliance with audit standards.
The NCLT Ahmedabad has approved the amalgamation scheme of J.B. Chemicals with Torrent Pharmaceuticals, ensuring compliance with statutory and regulatory requirements.
The Competition Commission of India (CCI) has imposed penalties on HP India and various resellers for cartelisation practices in supply chains. The ruling emphasizes the need for compliance with competition laws to prevent anti-competitive conduct.
The RBI issued a notification updating the implementation of Section 51A of the UAPA, aligning Indian regulations with the UNSC's 1267/1989 sanctions on ISIL and Al-Qaida. This marks a crucial step in enhancing compliance with international counter-terrorism financing obligations.
The Reserve Bank of India has released new directions concerning credit derivatives, marking significant regulatory developments in India's financial landscape which include derivative trading on credit indices.
The newly introduced FCRA Amendment Rules of 2026 impose stringent compliance requirements on non-governmental organizations (NGOs), focusing on financial transparency and activity-specific registration.
The Reserve Bank of India has released the Master Direction for Credit Derivatives, introducing crucial regulatory guidance for participants in the credit derivatives market. This aims to promote fair practices in derivative transactions.
The Reserve Bank of India has released an update on the implementation of Section 51A of the UAPA, responding to changes in the UNSC's sanctions lists. This compliance measure affects various financial institutions and enhances regulations regarding terrorism financing.