Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India conducted two overnight Variable Rate Reverse Repo (VRRR) auctions on October 5, 2026, under the Liquidity Adjustment Facility, totaling ₹2.5 lakh crore, to manage short-term liquidity. The first auction of ₹2 lakh crore saw a weighted average rate of 5.24%, with partial acceptance at the cut-off rate.
The Indian Patent Office’s Draft Guidelines for Examination of Pharmaceutical Patent Applications, 2026, have drawn sharp criticism for misquoting statutory provisions and creating uncertainty in patent prosecution. Experts call for substantial revision before finalization.
The Calcutta and Delhi High Courts have adopted conflicting views on whether 'rectification proceedings' under Section 124 of the Trade Marks Act, 1999 include non-use cancellation under Section 47. The split raises uncertainty over whether infringement suits can be stayed during such proceedings.
Successful public InvIT listings demand early assessment of structure, compliance, financial reporting, disclosures, and post-listing governance systems.
From November 1, 2026, SEBI mandates all stockbrokers to display investor awareness messages and risk disclosures on websites and trading apps under Project Jagrook.
RBI's 2026 Master Circular consolidates credit guidelines for SC/ST beneficiaries, covering lending targets, DRI, CEGSSC, and monitoring mechanisms.
The RBI has revised its Digital Rupee FAQs, clarifying e₹ wallet functionality, UPI interoperability, programmability, and wholesale CBDC sandbox (CAT) use cases.
RBI's new Master Direction requires all currency processing units to use BIS-certified note sorting machines effective immediately, enhancing authenticity and fitness checks in circulation.
RBI consolidates lending guidelines for Scheduled Castes and Scheduled Tribes into a unified Master Circular effective October 1, 2026. The directive reinforces priority sector lending obligations for scheduled commercial banks.
RBI liberalises foreign remittance norms by removing value thresholds for online submission of Form A2, allowing seamless reporting across all transaction sizes. AD Category-I banks and AD Category-II entities must frame internal guidelines accordingly.
RBI mandates submission of Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan portal, replacing the XBRL platform. All banks maintaining NRD accounts must comply with revised reporting protocols.
The RBI issued final amendment directions to streamline approval for mutual funds, insurers, and pension funds acquiring major shareholding in banks. The move aims to ease compliance for institutional investors.