AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has issued Fourth Amendment Directions for Regional Rural Banks to regulate responsible business conduct, focusing on practices related to recovery agents.
The Reserve Bank of India has issued Third Amendment Directions for Urban Co-operative Banks to enhance responsible business conduct and regulate recovery agents.
The Reserve Bank of India has released the Third Amendment Directions for Non-Banking Financial Companies regarding responsible business conduct, aiming at improved practices for engaging recovery agents.
The Reserve Bank of India has issued the Third Amendment Directions for Housing Finance Companies, focusing on the engagement of recovery agents. This amendment is part of the ongoing enforcement of the Fair Practices Code.
The Union Territory of Ladakh has formed five new districts: Sham, Nubra, Changthang, Zanskar, and Drass. The Reserve Bank of India is assigning lead bank responsibilities to facilitate banking infrastructure and support.
The RBI has published the results from its recent Treasury Bills auction, detailing cut-off prices and yields. A total notified amount of ₹24,000 crore was successfully auctioned.
NovoJuris Legal has assisted PineGap.ai in raising $8 million through a Series A funding round led by Stellaris Venture Partners. This marks a significant move for the AI-focused equity research platform.
The RBI has assigned lead bank responsibilities following the formation of five new districts in Ladakh. This administrative restructuring aims to enhance financial governance and resource allocation in the region.
The IBBI has upheld the exemption under Section 8(1)(d) of the RTI Act, affirming that public authorities are not required to compile extensive records in response to information requests.
The Bombay High Court has dismissed a suit due to the gross suppression of material facts in earlier litigation, ruling that the claims were inconsistent and lacked credibility.
The Gujarat High Court has ordered the release of a vessel that was previously arrested, contingent upon the provision of a P&I Club Letter of Undertaking. The court also directed Kandla Port and customs authorities to provide the necessary clearance for the vessel's departure.
The results of the yield/price-based auction for State Government Securities show full acceptance of the notified amounts, with competitive yields.
The auction of State Government Securities held on August 11, 2026, resulted in full subscriptions for various issues, indicating strong market demand.