Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
In a recent monetary policy meeting, the RBI decided to maintain the repo rate at 5.25% amid global economic uncertainties while announcing significant banking reforms. This decision is crucial for financial stability as market conditions remain volatile.
SEBI mandates that all covered intermediaries utilize validated ‘@valid’ UPI IDs for payments starting October 1, 2025, aiming to strengthen payment verification and reduce fraud.
SEBI has introduced the GARUDA mechanism to streamline the filing and launch procedures for Alternative Investment Funds (AIFs) under the revised AIF Regulations, effective immediately.
SEBI has proposed a new framework enabling Depository Receipts issuance against REITs and publicly listed InvIT units, inviting comments until August 25, 2026. This initiative aims to enhance market accessibility for investors.
The Reserve Bank of India issued a notification regarding implementation of Section 51A of UAPA, 1967. This update addresses amendments to the UNSC’s 1988 Taliban Sanctions List, impacting various financial institutions.
The Madras High Court, in Novartis AG v. Venkata Narayana Active Ingredients, delivers a critical examination of the Bolar exemption under Section 107A. The ruling is pivotal for pharmaceutical manufacturers in navigating the evidentiary requirements for regulatory export approvals.
The RBI has issued Statutory Audit Directions for Rural Co-operative Banks, detailing auditor appointment and eligibility requirements effective immediately.
The RBI has published Miscellaneous Supervisory Directions for Regional Rural Banks, focusing on fair lending practices and fraud prevention measures effective immediately.
The RBI released Supervisory Directions for All India Financial Institutions (AIFIs) in 2026, delineating comprehensive governance, reporting structures, and penalties for non-compliance.
The RBI has issued immediate Compliance Function Directions for Middle and Upper Layer NBFCs, focusing on governance and compliance risk management. This aims to streamline compliance functions within these institutions.
The Karnataka High Court ruled that the corporate veil of a non-signatory entity cannot be lifted at the interim stage in relation to a shareholder's arbitration agreement, reinforcing the integrity of corporate structures.
The National Company Law Tribunal (NCLT) has permitted the inclusion of a partnership firm as a co-petitioner in an investigation related to alleged fraud and land misuse under Section 213(b) of the Companies Act. This decision emphasizes the tribunal's focus on fair adjudication in corporate affairs.