Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Kerala High Court interpreted Section 100 of the Patents Act, 1970, permitting government use of a patented invention for public health, raising critical questions on access to medicine, patent rights, and pricing policy.
FeaturedSEBI proposes to replace the 2020 Portfolio Managers Rules with a comprehensive 2026 regulatory framework covering PRIM, derivatives, compliance relief, and client safeguards.
FeaturedSEBI has introduced a unified Common Advertisement Code for brokers, mutual funds, analysts, and portfolio managers. The code regulates promotional content, including celebrity endorsements, to prevent misleading claims and ensure investor protection.
FeaturedNCLT admitted a ₹1.68 crore MUDRA CIRP petition, ruling that cancellation of RBI registration ended the Financial Service Provider exclusion under Section 247(1) of the Companies Act.
FeaturedNCLAT rejected Tata Capital’s claim over hypothecated assets, ruling it missed the 30-day deadline under Regulation 21A of the CIRP Regulations.
FeaturedNCLT ruled that pending winding-up proceedings do not preclude CIRP if liquidation has not reached irreversible stages, admitting a ₹1,526 crore insolvency petition.
FeaturedNCLT clarified that dissolution of a corporate debtor does not extinguish liability of promoters, directors, or guarantors, allowing recovery proceedings against them despite liquidation of the company.
FeaturedCalcutta High Court quashed a transfer pricing adjustment order under Section 92CA(3) of the Income Tax Act, holding that failure to grant a personal hearing and record reasoned findings violates principles of natural justice.
FeaturedMultiple prudential amendments issued on October 7, 2026, streamline legal opinion and valuation requirements for clearing members across AIFIs, payments banks, small finance banks, and commercial banks, aligning with international standards.
FeaturedRBI has issued a circular prohibiting Authorised Dealers from allowing clients to rebook cancelled foreign exchange derivative contracts involving INR. The move aims to prevent speculative positioning and ensure orderly forex markets.
FeaturedThe Kerala High Court interpreted Section 100 of the Patents Act, allowing government use of a patented cancer drug, Ribociclib, in public health emergencies. The ruling balances patent rights with access to medicine, citing compulsory licensing and public interest.
FeaturedThe Supreme Court convened a special Sunday hearing to address the detention of activists and lawyers protesting near Jantar Mantar. Several senior advocates deposed on the excessive police response, including allegations of unlawful detentions and violence against legal professionals.