Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLAT has ruled that a ₹74.49 lakh transaction was fraudulent under insolvency law but rejected a Section 66 application due to procedural bars against non-management parties. This highlights the tribunal's rigorous stance on fraudulent transactions during insolvency.
The Orissa High Court quashed an FIR alleging misuse of GST credits in a GAIL pipeline project, determining the matter was civil, not criminal. The court emphasized that proceeding with a criminal investigation would be an abuse of process due to ongoing NCLT liquidation.
The Income Tax Appellate Tribunal (ITAT) has ruled that no assessment or reassessment proceedings can be initiated against a company during the moratorium period under the Insolvency and Bankruptcy Code, 2016.
The RBI has released draft Amendment Directions aimed at enhancing banks' flexibility in deposit pricing. Stakeholders are invited to submit their comments.
The Central Government re-appointed Shri Swaminathan Janakiraman as Deputy Governor of the RBI for two years from June 26, 2026. This appointment is critical for governance within the Reserve Bank as it continues to navigate complex economic challenges.
SEBI proposed reforms to the Pre-open Call Auction mechanism to address concerns of artificially suppressed prices in IPOs and re-listed stocks, including revised pricing rules.
The Supreme Court ruled that SEBI did not adequately prove market manipulation related to RPL's futures positions, although penalties for disclosure violations were upheld.
SEBI has found prima facie evidence of revenue misrepresentation by Rajesh Exports, highlighting a lack of verifiable subsidiary records supporting reported revenues. This raises significant concerns about the accuracy of financial disclosures.
Employers with ten or more employees must comply with POSH Act requirements, and violations can lead to significant penalties, including fines and potential business license cancellations.
The Kerala High Court has ruled that the Enforcement Directorate can initiate civil action without a predicate offence. This ruling supports ongoing investigations into Cochin Minerals and Rutile Limited under the PMLA.
Recent MCA changes broaden CSR scope by endorsing investment in Zero Coupon Zero Principal Instruments.
New amendments by the MCA allow companies to utilize CSR funds through Zero Coupon Zero Principal instruments listed on the Social Stock Exchange, offering a regulated avenue for CSR investments.