Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedRBI grants one-time approval for major shareholdings in Local Area Banks, Payments Banks, Small Finance Banks, and commercial banks for qualifying mutual funds, insurers, and pension funds.
FeaturedRBI revises acquisition norms for commercial banks, requiring prior approval and enhanced disclosure for significant shareholding changes.
FeaturedA Bengaluru special court remanded Ozone Group Chairman Vasudevan Satyamurthy to 14-day ED custody in a money laundering case involving ₹927.22 crores, after the agency alleged proceeds of crime linked to real estate projects.
FeaturedCalcutta High Court stays SFIO investigation into alleged misuse of HNGIL Provident Fund Trust; directs trial court to decide on interim relief.
FeaturedNCLT Mumbai admitted a ₹70.72 crore Section 7 IBC petition, rejecting claims that MSME status nullifies debt liability or default under the Code.
FeaturedNCLAT ruled that converting a Section 61 IBC appeal to a Section 421 Companies Act appeal does not preserve limitation or allow exclusion under Section 14 of the Limitation Act.
FeaturedNearly a decade after winning a foreign arbitral award against Malvinder and Shivinder Singh, Daiichi Sankyo informs the Supreme Court that execution remains uncompleted despite multiple enforcement proceedings.
FeaturedSEBI Board has approved sweeping reforms for PMS, settlement mechanisms, REITs, InvITs, FPIs, and accredited investors to enhance market depth and compliance.
FeaturedThe Securities Appellate Tribunal (Mumbai) quashed multiple SEBI penalties post-IBC resolution, citing Section 32A protection and the Monnet Ispat precedent. Liabilities extinguished under approved resolution plans cannot be revived.
FeaturedThe RBI has finalized the regulatory framework for novation of over-the-counter (OTC) derivative contracts, based on stakeholder feedback, to enhance market stability and reduce counterparty risk.
FeaturedThe RBI has issued amendment directions for All India Financial Institutions and banks, revising norms for classification, valuation, and operation of investment portfolios to ensure uniformity and market-based valuation practices.
FeaturedDelhi HC sets aside summoning order against director for not examining individual role or specific material.