Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The National Company Law Appellate Tribunal (NCLAT) has ruled that financial proposals in the Corporate Insolvency Resolution Process (CIRP) cannot be altered after the challenge process begins. This prevents any post-bid modifications that could undermine the resolution process.
The Reserve Bank of India has announced an auction for state government securities amounting to ₹18,600 Crore, allowing states to raise funds for various projects.
ROC Chennai penalized a company and its director for failing to include PAN and email IDs of allottees in Form PAS-3. This ruling underscores the stringent compliance requirements mandated by Rule 14(6) of the Companies Act.
ICSI has requested the government to modify legislation allowing Company Secretaries to represent parties before DRTs, citing their expertise in insolvency matters.
The Kerala High Court found that the NCLT's imposition of a ₹1 lakh daily fine for non-compliance can be contested, allowing the petitioner to appeal this part of the NCLT order.
A new article identifies 17 prevalent mistakes made by companies when filing the RBI's FLA Return, stressing the importance of understanding the associated reporting requirements to avoid regulatory issues.
The RBI Governor met with representatives from export organizations to discuss strategies for enhancing exports and strengthening industry relationships.
The Ministry of Corporate Affairs (MCA) launched a 12-month blended learning course aimed at assisting MSMEs with compliance needs. The initiative is a collaboration with prestigious institutions including ICAI and IIT Madras.
The RBI has issued a ₹1 lakh penalty on Modern Co-operative Bank for violations related to exposure norms and KYC regulations.
The RBI has imposed a penalty on Nabapalli Cooperative Bank for failing to comply with KYC regulations.
The RBI Governor met with export organization leaders to discuss industry challenges affecting exports in India.
The RBI plans to hold a Variable Rate Repo auction, amounting to ₹75,000 Crore, to manage liquidity on June 29, 2026.