Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLAT ruled that an email from the Corporate Debtor acknowledging operational debt warranted the admission of a CIRP application. The Tribunal clarified that disputed issues were not genuine pre-existing disputes.
The Bombay High Court has temporarily restrained a bank from taking possession of secured assets as the Chairperson of DRAT was unavailable to hear restoration applications. Interim relief is granted until May 20, 2026.
The Calcutta High Court upheld the demand for cost recovery charges from a Container Freight Station operator, emphasizing the principle of 'substance over form' in legal obligations.
The RBI has issued the Second Amendment Directions for Commercial Banks concerning their investment portfolios, focusing on operational improvement and compliance.
The RBI has released amendments to enhance operational standards regarding the investment portfolios of Small Finance Banks, reinforcing regulatory compliance.
The RBI has released new amendment directions for Payments Banks aimed at enhancing the classification and valuation of their investment portfolios amidst operational challenges.
The RBI has issued amendments for Local Area Banks regarding the operation and classification of their investment portfolios, focusing on enhancing operational efficiency.
The RBI has introduced new amendment directions affecting the investment portfolio of Urban Co-operative Banks, focusing on enhancing compliance and operational efficiency.
The Reserve Bank of India has released Amendment Directions impacting the classification and valuation of investment portfolios for Rural Co-operative Banks, responding to operational needs.
The RBI has amended the directions concerning the classification, valuation, and operation of investment portfolios for Regional Rural Banks, reflecting a response to operational contingencies.
The Karnataka High Court has permitted eight companies to use Ashwagandha leaf in health supplements, despite a ban by the FSSAI, after they challenged the directive. This ruling may reshape health supplement formulations in India.
The West Bengal government has appointed Senior Advocates Rajdeep Mazumder, Nilanjan Bhattacharyya, and Dibyendra Narayan Ray to key law positions amid political changes. This move highlights the evolving legal landscape in the state following a change in governance.