Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedCRED has successfully raised $900 million from Meta in a Series H funding round, involving primary subscriptions and secondary share acquisitions. Key changes in management were announced alongside this transaction.
FeaturedThe Bombay High Court dismissed petitions from commodity traders challenging the MCX's decision to settle April 2020 crude oil futures at negative prices. The petitioners contended that SEBI should annul those trades, but the court upheld the decisions, emphasizing the integrity of market operations.
FeaturedThe RBI has introduced an Expected Credit Loss (ECL) framework that mandates banks to make forward-looking provisions. This new approach is set to be implemented by April 2027.
FeaturedThe Reserve Bank of India has initiated QR-Code based payment systems between India and Cambodia to facilitate cross-border transactions.
FeaturedThe RBI has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026. This step reflects the RBI's regulatory approval under the Banking Regulation Act, 1949.
FeaturedThe Reserve Bank of India has communicated essential updates regarding the implementation of Section 51A of the UAPA, 1967, in light of changes to the UNSC Sanctions List, affecting various financial institutions.
FeaturedThe RBI is in the process of withdrawing ₹2000 denomination banknotes, with the last deposit facility ending on October 7, 2023. This key development affects cash circulation and banking operations across the country.
FeaturedThe Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd. effective May 4, 2026, under the Banking Regulation Act.
FeaturedFollowing a majority vote by SBI to reject all resolution plans, the NCLT has declared liquidation mandatory under Section 33(2) of the IBC and appointed a liquidator to oversee the process.
FeaturedThe NCLAT has ruled in favor of SBI, confirming that Videocon's foreign oil and gas assets are to remain outside the Corporate Insolvency Resolution Process (CIRP) of Videocon Industries Ltd. and its affiliates, relying on the commercial wisdom of the Committee of Creditors.
FeaturedThe NCLT has ordered the liquidation of a corporate debtor after the Committee of Creditors (CoC) rejected both the extension of the Corporate Insolvency Resolution Process (CIRP) and the proposed resolution plan. This decision emphasizes the need for timely action within insolvency proceedings.
FeaturedThe Supreme Court dismissed Byju Raveendran's appeal related to the NCLAT's decision and instructed an expedited inquiry against the Interim Resolution Professional (IRP). The Court emphasized the necessity for the ongoing investigation to proceed without delay.