Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI will conduct a 7-day Variable Rate Reverse Repo Auction on August 17, 2026, with a ceiling amount of ₹2,00,000 Crore. This step is part of the ongoing liquidity management strategy.
The Delhi High Court ruled that lawyers providing insolvency services must collect and remit GST, marking a significant decision on tax compliance in legal services.
The Bombay High Court directed SBI and ED to confirm if Vijay Mallya's debts were settled using assets attached by the ED. This follows claims from Mallya's counsel regarding debt clearance.
The Reserve Bank of India has published the third amendment directions for Housing Finance Companies, establishing updated guidelines on recovery agent engagement under Fair Practices Code.
The Reserve Bank of India has released the Priority Sector Lending – Targets and Classification Second Amendment Directions, 2026. The amendments aim to enhance guidelines and frameworks for lending institutions.
The Reserve Bank of India has imposed a monetary penalty of ₹1.80 lakh on Valuefin India Credit Services Private Limited for non-compliance with regulatory directions pertaining to shareholding acquisition. This enforcement action highlights the RBI's regulatory authority.
The Reserve Bank of India's 2026 Directions on statutory audits for Non-Banking Financial Companies (NBFCs) lay out comprehensive rules regarding eligibility, independence, and rotation of auditors. These changes are set to enhance regulatory compliance and transparency.
The Calcutta High Court ruled that Section 34 of the SARFAESI Act prevents civil courts from granting injunctions against secure creditors, thereby validating Axis Bank's actions.
The RBI has issued a draft on 'Interest Rates on Loans and Advances' for public consultation, addressing regulatory policies for effective monetary policy transmission.
The RBI has announced comprehensive new directions for loan recovery agents and conduct by recovery agencies, set to take effect from January 2027.
The Reserve Bank of India has released the second amendment directions for Priority Sector Lending, updating the targets and classifications significantly. This change will affect lending practices across various sectors.
The Madras High Court has dismissed a writ petition challenging the findings of the RBI Ombudsman concerning GST refunds, bank guarantee charges, and non-performing asset (NPA) classification. The court affirmed that the Ombudsman had addressed the grievances appropriately.