Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has announced amendments to the capital adequacy norms for payment banks. This aims to enhance financial stability and risk management in these institutions.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026.
The Bombay High Court has mandated the establishment of a special NCLT Bench after an insolvency petition was left pending without orders. The court emphasized that such delays undermine the intent of IBC proceedings.
NCLT Mumbai ruled that an arbitration clause does not prevent the initiation of Corporate Insolvency Resolution Process (CIRP) once a financial default has been established under Section 7 of the IBC.
The GST Appellate Tribunal (GSTAT) upheld findings against a developer for failing to transfer the full benefit of Input Tax Credit (ITC) to homebuyers, confirming that excess benefits provided to some cannot offset losses to others.
ILTN and Jindal Global University’s Ideate Lab convened a strategic roundtable to draft a standardized assessment framework for legal AI products, bringing together buyers and builders to ensure reliability, transparency, and ethical compliance in adoption.
Key decisions from the Income Tax Appellate Tribunal (ITAT) for the week ending 17 October 2026 include rulings on adat expenses, TDS compliance, and income additions. The week saw multiple benches affirming taxpayer rights where documentation and statutory compliance were established.
The Institute of Chartered Accountants of India removed a CA’s name from the register for one year for failing to report ₹1,150 crore fund siphoning and ignoring going concern uncertainties during audit.
Amendments to Commercial Banks (Miscellaneous) Directions clarify deferment of option premiums and align with forthcoming regulatory instructions.
ICAI removed a CA's name from its register for one year for failing to report ₹1,150 crore of fund siphoning and audit lapses, including inadequate assessment of going concern risks.
SEBI amends Research Analysts Regulations, making call recordings optional for communications with institutional investors from November 2026.
The Directorate General of Foreign Trade extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until December 31, 2026, with existing rates and value caps unchanged.