Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has revised guidelines on cancellation and rebooking of foreign exchange derivative contracts to prevent round-tripping and ensure market integrity. Authorised Dealers must now comply with enhanced documentation and reporting mandates.
RBI auctioned 91-day, 182-day, and 364-day Treasury Bills for ₹8,000 crore each on October 21, 2026. The 6.94% GS 2036 bond auction saw a cut-off yield of 7.3955% with full acceptance and no devolvement.
Premature redemption for SGB 2020-21 Series VII will be permitted on October 19, 2026, as it falls after the fifth year from issue and coincides with the interest payment date. October 20, 2026, being a holiday, necessitates the shift.
Delhi and Calcutta High Courts take conflicting views on whether Section 124 allows stay of infringement suits during non-use cancellation proceedings under Section 47 of the Trade Marks Act, 1999.
The Delhi High Court in Esteve Pharmaceuticals v. CPD (2026) upheld the rejection of a patent for lack of inventive step, while affirming novelty, marking a nuanced application of Section 2(1)(ja) of the Patents Act, 1970.
SEBI replaces Mutual Fund advertising rules with the Common Advertisement Code under Intermediaries Regulations.
SEBI proposes raising minimum application value to ₹1 lakh for SME IPOs and revises trading lot and migration rules.
SEBI updates AIF Regulations to include securities market exposure criteria for accredited investors and enhances dispute resolution mechanisms.
SEBI amends REIT Regulations 2014 to allow issuance of depository receipts, revise sponsor exit norms, and update unitholder voting mechanisms.
SEBI amends LODR Regulation 62A to mandate listing of subsequent non-convertible debt securities by specified entities, enhancing investor access and disclosure.
SEBI has revised closing auction timings, derivatives trading hours, VWAP-based settlement norms, and iceberg order regulations, effective December 2026 and February 2027.
The Reserve Bank of India mandates exporters to file Export Declaration Forms with designated banks starting October 1, 2026, to strengthen forex oversight and trade reporting.