Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has introduced a Benchmark Issuance Strategy for State Governments to enhance market transparency for Quarter July - September 2026.
The Bombay High Court confirmed CESTAT’s verdict, ruling no evidence found of customs law violations by the broker, allowing retention of the customs broker licence.
The CBIC has designated a common adjudicating authority for multiple customs show cause notices, aimed at enhancing the consistency of adjudication processes under the Customs Act.
The Enforcement Directorate conducted searches at nine locations in Bengaluru and Mumbai related to contraventions of the Foreign Exchange Management Act. Various incriminating documents were seized during these operations.
The Calcutta High Court has directed the Detective Department to expedite its inquiry into a ₹13 crore duping fraud case and submit a report to the jurisdictional Magistrate. This decision emphasizes the importance of prompt action in financial fraud investigations.
The Reserve Bank of India has released draft directions on revised instructions concerning Net Open Position for regulated entities, seeking stakeholder input.
The Reserve Bank of India has announced an amendment regarding the identification of Non-Banking Financial Companies (NBFC-UL) and inclusion of government-owned entities in this classification.
The Reserve Bank of India has expanded the rules for Special Non-Residential Rupee Accounts (SNRR) to include transactions from the International Financial Services Centres (IFSC).
The NCLT has admitted an insolvency petition based on acknowledged debt in balance sheets, allowing the bank to proceed with CIRP despite earlier limitation objections.
The Karnataka High Court has disposed of a writ petition seeking recovery under RERA against a company under insolvency, granting liberty to revive the petition based on NCLT outcomes.
NCLAT has upheld the extension of liquidation proceedings, confirming that the trustee may continue their responsibilities beyond the age limit provided by Regulation 7A. The appeals against this extension were dismissed.
The RBI has issued the Second Amendment Directions for Non-Banking Financial Companies regarding the presentation and disclosure of financial statements, enhancing regulatory compliance requirements.