Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Himachal Pradesh High Court upheld acquittal in a Section 138 NI Act case, citing failure to prove complainant's financial capacity to advance loan.
Himachal Pradesh High Court held that admission of signature on a cheque raises a statutory presumption of liability under Section 139 of the Negotiable Instruments Act.
Calcutta High Court quashed a transfer pricing assessment order for failure to grant a personal hearing and record adequate reasons, affirming procedural fairness.
The Gujarat High Court held that grievances regarding non-supply of relied upon documents (RUDs) under GST Rule 138B must be challenged before the Appellate Authority, not via writ petition.
RBI revises methodology for minimum capital requirements for counterparty credit risk in commercial banks, aligning with updated international best practices.
RBI relaxes mandatory legal opinion requirement for clearing member financial institutions across AIFIs, payments banks, and small finance banks through a series of amendment directions in 2026.
Scheduled banks may now maintain 90% of required CRR daily, with fortnightly average compliance. The change enhances liquidity management flexibility while preserving overall reserve discipline.
RBI permits cancellation and rebooking of foreign exchange derivative contracts by Authorised Dealers under revised guidelines. The move addresses client hedging needs amid volatile forex markets.
The Reserve Bank of India has updated norms for Authorised Dealers on foreign exchange risk reserve to ensure orderly market functioning. The changes include revised risk weightings and enhanced reporting requirements under the Master Direction on Risk Management and Inter-Bank Dealings.
RBI will conduct an open market sale of ₹25,000 crore government securities on October 13, 2026, via multi-security, multiple-price auction. The move aims to moderate liquidity and influence yield curve dynamics.
RBI will conduct a ₹2 lakh crore 3-day Variable Rate Reverse Repo (VRRR) auction on October 12, 2026, to absorb excess liquidity. The auction will reverse on October 15, 2026.
RBI has prohibited authorised dealers from allowing clients to rebook cancelled foreign exchange derivative contracts involving INR. The measure, effective immediately, aims to curb speculative activity and ensure orderly forex market conditions.