AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Kerala High Court held that a commercial suit filed before an ordinary civil court cannot be rejected for lack of jurisdiction under the Commercial Courts Act. The plaint must be returned for filing in the appropriate forum.
RBI issues fresh guidance under Master Direction on Risk Management to strengthen foreign exchange risk reserve mechanisms. Focus on market discipline and orderly forex operations amid volatile global conditions.
RBI amends Commercial Banks (Miscellaneous) Directions, 2026 to clarify treatment of deferred option premiums, aligning with forthcoming instructions. Affects hedging and derivative structuring practices in forex and interest rate products.
RBI issues multiple amendment directions in October 2026 to align capital adequacy norms for commercial, payments, small finance, and all-India financial institutions with international standards, particularly on legal opinions and valuation adjustments.
RBI has revised the daily minimum cash reserve ratio (CRR) maintenance requirement, allowing banks to maintain 90% of required CRR daily, with fortnightly average compliance. Aims to ease liquidity management for scheduled banks.
RBI has clarified that authorised dealers must treat cancellation and rebooking of forex derivative contracts as fresh transactions, requiring fresh end-use documentation. This aims to curb circumvention of exchange control norms.
The Delhi High Court upheld rejection of a patent for 'Co-crystals of Tramadol and Coxibs' due to lack of inventive step, while affirming its novelty, clarifying the hierarchical application of patentability criteria under Indian law.
SEBI proposes enabling depository receipts for REITs and InvITs at IFSC to attract foreign investment and improve global access.
SEBI proposes stricter monitoring of issue proceeds, direct agency reporting, and penalties for non-cooperation by sponsors and auditors.
SEBI has proposed a new investor accreditation framework based on portfolio manager validation and ₹5 crore securities exposure.
SEBI has introduced a Common Advertisement Code under the 2026 Intermediaries Regulations, harmonizing promotional rules for brokers, mutual funds, and research analysts.
SEBI has proposed replacing the 2020 Portfolio Managers Regulations with a comprehensive 2026 framework introducing PRIM, easing derivatives use, and enhancing client safeguards.
SEBI has proposed significant amendments to the Settlement Proceedings Regulations, 2018, introducing a revised penalty framework, extended timelines, and streamlined processes for enforcement settlements.