Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026.
The Bombay High Court has mandated the establishment of a special NCLT Bench after an insolvency petition was left pending without orders. The court emphasized that such delays undermine the intent of IBC proceedings.
NCLT Mumbai ruled that an arbitration clause does not prevent the initiation of Corporate Insolvency Resolution Process (CIRP) once a financial default has been established under Section 7 of the IBC.
The GST Appellate Tribunal (GSTAT) upheld findings against a developer for failing to transfer the full benefit of Input Tax Credit (ITC) to homebuyers, confirming that excess benefits provided to some cannot offset losses to others.
The RBI has confirmed the final redemption date and price for the Sovereign Gold Bond 2018-19 Series-I due on May 4, 2026, as per government notification.
Law Society of England and Wales President Mark Evans emphasizes the need for stronger legal ties between the UK and India to enhance economic growth and trade. His remarks during a recent visit to India highlight the importance of cross-border collaboration in the legal sector.
Startup founders in India must prioritize timely ROC filings in 2026 to avoid penalties and ensure smooth funding processes, emphasizing the importance of corporate compliance.
Various State Governments have launched an auction for bonds totaling ₹20,100 Crore. Key auctions include Andhra Pradesh, which offers a re-issue of 7.63% bonds due 2034.
The CBIC has implemented a new system for the identification and expedited clearance of hazardous cargo, effective from 01 July 2026.
The CESTAT in Bangalore annulled an IGST demand, ruling the extended limitation period under section 28(4) of the Customs Act was improperly applied due to lack of suppression or intent to evade duty.
ROC Mumbai has penalized an individual for holding two Director Identification Numbers, emphasizing legal compliance under the Companies Act.
The Registrar of Companies has imposed penalties on a company and nine directors for failing to appoint a whole-time Company Secretary for six years, emphasizing mandatory compliance under the Companies Act.