AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
CESTAT Chandigarh has ruled that transaction values cannot be dismissed solely based on Directorate of Valuation guidelines without supporting evidence. This ruling underscores the importance of substantiation in customs valuations.
CESTAT has ruled that an importer is entitled to a 12% interest rate on delayed refunds for investigation deposits, modifying previous rulings that granted a lower rate. This decision sets a new precedent for interest calculations.
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 RBI has issued Fourth Amendment Directions for Commercial Banks regarding recovery agent engagement practices, emphasizing responsible conduct.
The RBI has updated its guidelines for Small Finance Banks (SFBs) regarding the engagement of recovery agents. This move is aimed at enhancing responsible business conduct.
The Reserve Bank of India has issued Fourth Amendment Directions for Local Area Banks focusing on managing recovery agents for microfinance loans.
The Reserve Bank of India has updated its Fourth Amendment Directions for Regional Rural Banks (RRBs). This revision pertains to engagement practices for recovery agents.
The RBI has issued updated Fourth Amendment Directions for Urban Co-operative Banks (UCBs), focusing on guidelines related to the engagement of recovery agents.
The Reserve Bank of India has issued Fourth Amendment Directions focused on engagement protocols for recovery agents by Rural Co-operative Banks. This is part of a broader push for responsible business conduct.
The Reserve Bank of India has updated the Responsible Business Conduct guidelines for All India Financial Institutions (AIFIs). The focus is on the responsibilities of AIFIs in managing recovery agents effectively.
The Reserve Bank of India has issued the Third Amendment Directions for Non-Banking Financial Companies (NBFCs) regarding responsible business conduct. The focus is on guidelines for engaging recovery agents to ensure ethical practices.
The Reserve Bank of India has released the Housing Finance Companies (HFCs) Third Amendment Directions, 2026. This amendment updates key regulatory frameworks governing housing finance companies to enhance sector management.
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.