Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has issued directions pertaining to the disbursement of government pensions by Agency Banks, setting guidelines for the implementation processes involved.
The RBI will execute a Variable Rate Repo (VRR) auction on June 08, 2026, aimed at managing liquidity conditions in the market. The notified amount for the auction is set at ₹75,000 crore.
The Rajasthan High Court has quashed a penalty against an Assessing Officer, ruling that an error of judgment does not constitute misconduct. The decision underscores the standards required for disciplinary actions against officers.
The ITAT has ruled that cess payments alone cannot serve as evidence of unaccounted turnover, emphasizing the need for clear taxation criteria for commission agents. The ruling reiterates that tax should be based on commission income rather than consignors’ turnover.
SEBI confirmed that renewable energy projects awarded through competitive bidding qualify as Public-Private Partnership (PPP) projects under InvIT regulations, emphasizing compliance with risk allocation standards.
SEBI proposed amendments to the framework for calculating Net Distributable Cash Flows (NDCF) for InvITs, incorporating enhanced safeguards and unitholder approval.
The NSE clarified that regulatory exemptions applicable to IBC Section 31 resolution plans do not extend to plans approved under Section 54L in the PPIRP framework, necessitating compliance with SEBI requirements.
SEBI has released a new Master Circular consolidating all previously issued AIF-related circulars into a unified compliance framework, enhancing regulatory clarity for Alternate Investment Funds.
A guide outlines the full FCRA registration process and mandates for NGOs engaging in foreign contributions, emphasizing the importance of documentation to prevent delays.
The Karnataka High Court has accepted a mediation settlement resolving a long-standing land acquisition dispute, thus promoting the use of alternative dispute resolution mechanisms in such cases.
The Delhi High Court has ruled that plaintiffs can receive a full court fee refund when withdrawing a civil suit after accepting an insolvency resolution plan, recognizing it as a settlement.
The Karnataka High Court has responded critically to a claim over police quarters land in Bengaluru, questioning the validity of individual ownership against public property. The ruling emphasizes the importance of safeguarding public assets.