Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Calcutta High Court granted an injunction based on TDS records recognizing a loan relationship between the parties, thereby emphasizing the importance of tax documentation in establishing legal relationships.
The Delhi High Court denied a writ petition as the Corporate Insolvency Resolution Process (CIRP) was centered outside its jurisdiction. This ruling reinforces territorial limits in bankruptcy-related proceedings.
The NCLT has admitted a corporate insolvency resolution process (CIRP) against a Corporate Debtor, finding adequate evidence of operational debt, default, and acknowledgment of liability.
The NCLAT ruled that once a resolution plan is approved and has attained finality, challenges to it cannot be reopened. GNIDA's appeal was dismissed for attempting to re-agitate settled issues.
The RBI has mandated that banks submit FEMA returns through the Centralized Information Management System (CIMS), effective June 30, 2026. This move aims to streamline reporting processes for financial institutions.
The NCLAT ruled that banks cannot be held in wilful contempt for delays in the release of rolled-over non-fund based credit facilities under an approved resolution plan, citing bona fide interpretation disputes.
The Himachal Pradesh High Court has upheld a conviction for cheque dishonour, asserting that cash transactions above ₹20,000 do not invalidate the existence of debts under the Negotiable Instruments Act. The ruling clarifies the burden of proof in such cases.
The Reserve Bank of India has issued a second amendment for Credit Risk Management among Non-Banking Financial Companies, enhancing regulatory frameworks for risk management.
The Reserve Bank of India has released a second amendment directing changes to credit risk management among Regional Rural Banks, reinforcing risk assessment protocols.
The Reserve Bank of India has issued directions to Agency Banks regarding the disbursement of government pensions, setting clear guidelines and responsibilities. These provisions aim to improve efficiency and accountability in pension disbursement processes.
The Reserve Bank of India has published its Weekly Statistical Supplement, detailing liabilities and assets for April 2026. This will provide important financial insights for practitioners.
In <strong>Anamika Sood v. Google LLC & Saregama India Ltd</strong>, the Saket District Court ruled that Anamika Sood is the rightful owner of her song 'Ferrareee', marking an important decision in copyright ownership disputes.