Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT Delhi has admitted a Section 7 application under the Insolvency and Bankruptcy Code against a toll road company for defaulting on ₹117.74 crore, initiating a Corporate Insolvency Resolution Process (CIRP).
The Madras High Court has instructed FSSAI to test herbal hookah products, allowing operations subject to compliance with regulations concerning tobacco and nicotine content.
The Debt Recovery Appellate Tribunal (DRAT) Delhi upheld the legality of SARFAESI actions, ruling that a matrimonial dispute cannot prevent such recoveries related to mortgaged properties.
The RBI announced the redemption price for premature redemption of the Sovereign Gold Bond 2018-19 Series-V effective from July 22, 2026, in accordance with regulatory guidelines.
CESTAT Kolkata has set aside a differential customs duty demand, ruling that the self-assessment by the importer remained unchallenged due to lack of evidentiary support. The ruling strengthens the position of importers in maintaining their self-assessment rights.
The CESTAT Mumbai has set aside a revocation of a customs broker's license, finding insufficient evidence for alleged CBLR violations. This ruling emphasizes the necessity for concrete proof in regulatory actions against licensed brokers.
The RBI has announced the auction of two dated government securities totaling ₹28,000 crore, aimed at managing the country’s debt effectively.
The Bar Council of India (BCI) has issued a circular imposing stringent regulations on advocates' use of social media, aimed at preventing misleading content and ensuring proper disclosure.
The NCLT has determined that leased vehicles owned by a corporate debtor are part of the insolvency estate and must be returned to the Resolution Professional during CIRP.
The NCLT ruled that fraud allegations made after a demand notice do not constitute a pre-existing dispute to negate the CIRP process against Montecarlo Ltd.
The Calcutta High Court permitted a Rs 60 lakh consultancy claim by emphasizing the performance of services despite the absence of a formal contract, invoking principles of quantum meruit.
SEBI's latest amendments to the Buyback Regulations of 2026 restore the stock exchange route for buybacks, mandate shareholder notifications, and optional appointment of Merchant Bankers. These changes clarify procedures for public companies looking to repurchase their shares.