Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has announced directions for the disbursement of government pensions by Agency Banks, emphasizing clarity in implementation processes. These guidelines are designed for the financial year 2026-27.
SEBI is increasing scrutiny on AI-driven investment advisory platforms, emphasizing that fintech firms retain legal responsibility for AI-generated recommendations. The article explores the regulatory challenges this presents.
RBI consolidates bank lending guidelines for Scheduled Castes and Scheduled Tribes, covering planning, monitoring, and reporting obligations.
Calcutta High Court refuses writ direction to compel bank to reconsider rejected one-time settlement, affirming bank's commercial autonomy.
SEBI has simplified nomination norms for demat accounts and mutual fund folios, introducing default nomination, opt-out options, and reduced documentation.
SEBI has revised nomination norms for demat accounts and mutual fund folios, introducing default nominations, opt-out options, and simplified documentation to enhance ease of succession.
The RBI has confirmed that premature redemption of Sovereign Gold Bonds issued in 2020-21 is possible from September 09, 2026. The redemption price will be calculated based on the average of the gold price during the last three business days.
The Delhi High Court has denied an unconditional release of a seized gold chain due to a 938-day delay in claiming it, alongside issues of undisclosed Customs statements. The ruling emphasizes the importance of timely action in such matters.
The Delhi Consumer Forum has ordered Zomato to pay a customer ₹8,250 for unlawfully canceling food orders, setting a precedent for consumer rights enforcement.
The Central Consumer Protection Authority has imposed a fine on Pladis for making misleading claims about its whole wheat biscuits, emphasizing the importance of truthful advertising.
SEBI has issued a warning to investors against relying on live trading strategies and real-time stock market tips shared on social media, urging them to engage only with registered intermediaries.
The RBI has amended the Third Amendment Directions concerning Responsible Business Conduct for Non-Banking Financial Companies. This update addresses engagement with recovery agents and reinforces ethical business practices.