AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Infinity Fincorp Solutions Private Limited has been penalized ₹5.40 lakh by the RBI for violations related to KYC regulations and fair practice codes.
The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction for ₹2,00,000 crore on August 10, 2026, as part of its liquidity management strategy.
The RBI has introduced a Dollar-Rupee Forex Swap Scheme aimed at supporting the foreign borrowings of Indian entities. This initiative is designed to stabilize the rupee and encourage foreign capital inflows.
The National Company Law Tribunal ruled that pending one-time settlement proposals cannot delay adjudications of valid applications under Section 7 of the Insolvency and Bankruptcy Code (IBC). This clarifies procedural precedence in insolvency cases.
The National Company Law Tribunal ruled that unsubstantiated mala fide allegations do not defeat proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). This establishes clear standards for claims in insolvency matters.
The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for data exchange with state mining authorities aimed at detecting GST evasion in illegal mining activities. These measures are part of ongoing efforts to enhance enforcement.
Utsav Securities Limited has been penalized ₹3.90 lakh by the RBI for governance and compliance issues related to credit information submissions. This reflects heightened regulatory vigilance in the sector.
Namdev Finvest Limited has been fined ₹2.70 lakh by the RBI for non-compliance with KYC guidelines. This penalty highlights ongoing regulatory scrutiny in the finance sector.
On August 10, 2026, the RBI will conduct a Variable Rate Reverse Repo auction with a notified amount of ₹200,000 Crore for a tenor of 7 days. This step aims to manage the evolving liquidity conditions in the economy.
The Reserve Bank of India (RBI) has issued draft amendments to its NBFC Credit Facilities that propose restrictions on revolving credit products, allowing such products only for authorized credit card issuers. Public comments are invited.
Khaitan & Co has provided legal advice to Hindustan Composites Ltd regarding a ₹370 crore slump sale of its friction business to Rane (Madras) Limited. The transaction involved extensive due diligence and consultation.
SEBI's new buy-back freeze framework integrates promoter trading restrictions during buy-backs at the ISIN level, marking a shift to preventive compliance.
The Reserve Bank of India has published the list of non-banking financial companies (NBFCs) assessed under the Upper Layer of Scale Based Regulation for the financial year 2026-27. This regulatory framework categorizes NBFCs based on their financial health.