Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has released the Third Amendment Directions concerning Housing Finance Companies, focusing on the engagement of recovery agents. This amendment is pivotal for HFCs in maintaining fair practices.
In response to evolving market conditions, the RBI has updated its Third Amendment Directions for Housing Finance Companies, focusing on recovery agent engagement practices.
The Reserve Bank of India has updated its guidelines for Non-Banking Financial Companies regarding responsible business conduct, focusing on recovery agent engagement.
The Reserve Bank of India has released the Third Amendment Directions concerning Housing Finance Companies, emphasizing changes in the engagement of recovery agents.
The Reserve Bank of India has announced fourth amendment directions for Local Area Banks, enhancing standards for responsible business conduct.
The Reserve Bank of India has issued fourth amendment directions for Regional Rural Banks concerning responsible business conduct and ethical recovery practices.
The Reserve Bank of India has released the fourth amendment directions for Urban Co-operative Banks, refining guidelines for responsible business conduct.
The Madras High Court dismissed a writ petition challenging the findings of the RBI Ombudsman concerning grievances about GST refunds, bank charges, and NPA classifications, upholding the Ombudsman's decisions.
The FSSAI has proposed amendments to regulations establishing high fat, sugar, and salt limits for foods aimed at school children, inviting public objections within 60 days.
The Madras High Court has dismissed a writ petition affirming the RBI Ombudsman’s conclusions regarding grievances related to GST refunds, bank charges, and NPA classification.
The Reserve Bank of India has proposed a draft amendment to restrict revolving credit products provided by non-banking financial companies, except for authorized credit card issuers. This move aims to enhance regulatory oversight.
The Madras High Court upheld the RBI Ombudsman's decisions regarding grievances related to GST refunds, bank charges, and NPA classifications. The court dismissed a writ petition challenging the Ombudsman's findings, affirming the procedural integrity of the Ombudsman’s process.