Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has released amendments to the Income Recognition, Asset Classification, and Provisioning Directions for All India Financial Institutions to better manage stressed assets.
The Reserve Bank of India has amended its directions on Responsible Business Conduct for All India Financial Institutions, aiming to enhance operational ethics and accountability in the industry.
The Reserve Bank of India has issued the Second Amendment Directions for Credit Risk Management applicable to All India Financial Institutions. This is part of a broader regulatory effort to address stressed assets within the financial sector.
The Reserve Bank of India has introduced new directions for the disbursement of government pension by Agency Banks. This move aims to enhance the efficiency and reliability of pension payments through these banks.
The Reserve Bank of India has released new directions for Agency Banks regarding the conduct of government business, including commission payments and oversight measures. These directions aim to ensure a structured framework for the operational conduct of agency banks in government transactions.
The Reserve Bank of India has imposed a monetary penalty of ₹1.50 lakh on Jilla Sahakari Kendriya Bank Maryadit for violating KYC norms under the Banking Regulation Act. This reinforces the regulatory emphasis on compliance.
On May 15, 2026, the Reserve Bank of India conducted an underwriting auction for government securities, setting cut-off rates for underwriting commissions payable to Primary Dealers. This auction included key financial specifics crucial for participating entities.
The Calcutta High Court has reinforced the rights of authors concerning sound recordings, emphasizing the necessity for economic benefits from copyright provisions for underlying works.
Recent developments involving the Serum Institute of India regarding a Nipah vaccine and the sidelining of an indigenous HPV vaccine highlight ongoing issues in India's vaccine policy. These cases underscore significant challenges related to transparency and access.
The Calcutta High Court has directed the RBI to reconsider an NBFC's surrender plea, emphasizing the need for a fair hearing before rejection based on meeting performance benchmarks.
The High Court upheld the DICGC's right to priority recovery of interim payments from insured banks, reinforcing legislative competence. This judgment has significant implications for depositors and the financial sector.
The IBBI has amended regulations to introduce nominee directors on the governing boards of insolvency professional agencies, aimed at improving accountability and oversight.