Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLT Ahmedabad held that revival letters and financial statements toll limitation for IBC petitions under Section 7. Debt acknowledgment resets time for insolvency initiation.
NCLAT Delhi remanded a VCare oppression petition, holding that commercial restructuring does not preclude findings of unfair prejudice. Status quo on shares and assets restored.
NCLT Mumbai upheld a resolution plan for Zicom Electronics with 75.46% CoC approval after reconsideration of valuation and feasibility. The tribunal found the revised plan compliant with IBC requirements and in the best interest of stakeholders.
The RBI issued the Sixth Amendment Directions, 2026, revising capital adequacy norms for Small Finance Banks, specifically the requirement for clearing members to obtain legal opinions.
The RBI issued the Third Amendment Directions, 2026, modifying prudential capital adequacy norms for Payments Banks, particularly concerning legal opinions for clearing members, to align with international practices.
The Reserve Bank of India issued the Fifth Amendment Directions, 2026, revising capital adequacy norms for All India Financial Institutions (AIFIs), specifically amending the requirement for clearing members to obtain legal opinions.
RBI issued final Directions on the Credit Valuation Adjustment (CVA) Framework and amended the Standardised Approach for Counterparty Credit Risk (SA-CCR), revising capital charge norms for commercial banks.
The Calcutta and Delhi High Courts have adopted conflicting approaches on whether Section 124 of the Trade Marks Act allows a stay of infringement suits during Section 47 cancellation proceedings. The split raises urgency for a uniform interpretation of 'rectification proceedings'.
The Delhi High Court in ZARA v. ZORA held that a formal declaration under Rule 124 is not mandatory to invoke Section 11(2) of the Trade Marks Act, 1999. The ruling allows well-known status to be established through individual proceedings, raising questions over the role of Rule 124.
From November 2026, SEBI mandates display of investor awareness and risk disclosures on brokers' websites and trading apps.
SEBI has mandated the disclosure of a Credit Risk-o-Meter for debt securities in offer documents, advertisements, and online bond platform products (OBPP), effective 45 days from 8 October 2026.
RBI updates FAQs on Digital Rupee (e₹), clarifying wallet mechanisms, UPI interoperability, programmability, and wholesale CBDC use cases under CAT Sandbox.