AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLAT has upheld a civil court decree affirming a buyer's possession of properties, limiting the NCLT's jurisdiction in such disputes.
The NCLT has ruled that the invocation of a loan-cum-pledge agreement during a CIRP moratorium is void, reinforcing the protection of assets.
The NCLT has admitted a plea under Section 7 against SWAL Limited, affirming that inter-corporate loans with interest are classified as financial debts under the IBC.
The RBI has amended responsible business conduct for Payments Banks, enhancing security for customers against unauthorized transactions.
The RBI has announced amendments to responsible business conduct directions for Local Area Banks, enhancing customer protection measures.
The RBI has revised directions on responsible business conduct for Regional Rural Banks, emphasizing customer protection.
The RBI has amended responsible business conduct directions for Urban Co-operative Banks, focusing on customer protection measures.
The RBI has issued third amendment directions ensuring responsible business conduct for Rural Co-operative Banks, focusing on customer protection.
The RBI has modified reporting requirements for foreign exchange transactions, underscoring the importance of compliance among authorized persons.
The RBI has released master directions pertaining to credit derivatives, facilitating a more structured approach in this financial sector.
The CESTAT Kolkata set aside confiscation and penalties, stating that unmarked gold could not be considered smuggled without evidence of foreign origin or reasonable belief under Section 110.
The Telangana High Court permitted the provisional release of seized imported goods, contingent upon enhanced duty payment and a 10% bank guarantee. Customs adjudication is also allowed to proceed.
The RBI has announced a Variable Rate Repo auction for July 09, 2026, providing liquidity support for financial institutions.