Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Gujarat High Court held that grievances over non-supply of Relied Upon Documents (RUDs) must be challenged before the Appellate Authority, not via writ, as such issues are within the statutory appellate framework under GST law.
NCLT admitted a ₹32.35 crore CIRP petition despite procedural defects in Form-1, holding that such defects are curable once debt and default are established. The tribunal rejected reliance on Section 10A of IBC, affirming its directory nature.
RBI tightens norms on rollover and rebooking of foreign exchange derivatives, requiring Authorised Dealers to ensure genuine trade intent and documentation. The move aims to prevent speculative forex trading under the guise of hedging.
The Reserve Bank of India has revised the foreign exchange risk reserve requirements for Authorised Dealers to ensure orderly market conditions. The changes include revised risk weights and reporting standards under the Master Directions on Risk Management.
RBI to conduct an Open Market Sale of ₹25,000 crore Government of India securities on October 13, 2026, via multiple-price, multi-security auction to absorb liquidity.
Reserve Bank of India has launched a special window to meet the entire daily dollar requirements of Indian Oil Corporation, HPCL, and BPCL. The facility, effective October 12, 2026, involves USD sales through designated banks to ensure smooth oil import financing.
The Madras High Court held that prolonged acquiescence can undermine copyright claims, even where ownership is clear. In TCRC v. Ganga Rudraiah, the Court dismissed claims over film BTS photos due to failure to act promptly.
The Delhi High Court held that a formal declaration under Rule 124 is not necessary to invoke Section 11(2) for well-known trademarks. The ruling in ZARA v. ZORA clarifies evidentiary standards but raises concerns about consistency in trademark recognition.
Abhijeet Dipke, Saurav Das, and Ashutosh Ranka were released by a Special Executive Magistrate after being detained by Delhi Police upon arrival from Mumbai. They were detained ahead of a planned protest at Jantar Mantar.
The ICAI removed a chartered accountant’s name from the register for one year for failing to report massive financial siphoning and audit lapses involving ₹1,150 crore.
The Himachal Pradesh High Court held that an admitted signature on a blank cheque triggers a statutory presumption under Section 139 of the Negotiable Instruments Act, placing the burden on the accused to rebut it.
ITAT rules assessment orders for corporate returns below ₹20 lakh must be issued by ITOs, per CBDT instructions, not DCITs.