Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has consolidated its SRVA framework and rationalized the rules concerning INR cross-border settlement, effective immediately.
The Calcutta High Court dismissed a 26-year-old claim stating that new shares cannot be included in a pending suit without a counterclaim. The decision emphasizes the importance of timely legal action under the Companies Act.
The CESTAT Mumbai has ruled that quicklime is classified under CTH 2522, setting aside previous duty demand and penalties while confirming exemption benefits.
CESTAT Delhi held that imported quicklime with less than 98% CaO is duly classified under Chapter 25, allowing the appeal and confirming prior duties were misclassified.
CESTAT has determined that Quick Lime should be classified under CTH 2522, directing the refund of duty and interest, while setting aside previous demands for duty.
The Reserve Bank of India has imposed various monetary penalties on several cooperative and district banks for non-compliance with banking regulations. This demonstrates the RBI's commitment to enforcing banking standards.
The Government of India has announced a buyback of its dated securities for ₹20,000 crore, set to be auctioned. This move is aimed at managing outstanding liabilities and stabilizing the government’s debt profile.
SEBI issued a clarification regarding Regulation 62A, which outlines compliance obligations when a debt-listed entity takes on unlisted Non-Convertible Debenture (NCD) obligations through corporate restructuring.
The Reserve Bank of India has cancelled the registrations of 135 Non-Banking Financial Companies (NBFCs) under Section 45-IA. The action is part of regulatory compliance enforcement measures and reflects ongoing oversight of the financial sector.
The Reserve Bank of India has issued draft guidance on regulatory expectations for data governance, inviting public comments until August 17, 2026. This guidance focuses on enhancing data quality and governance practices among regulated entities.
The Reserve Bank of India has released the draft Foreign Investment Rules, 2026, inviting public comments until August 31, 2026. This new framework seeks to simplify and enhance the principles governing foreign investments in India.
The Reserve Bank of India has released the Second Amendment Directions for Local Area Banks aimed at resolving stressed assets efficiently.