Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe RBI has introduced new Credit Derivatives Directions to enhance the regulatory framework for credit derivatives, replacing the previous set of guidelines.
FeaturedThe Calcutta High Court has directed a strict six-month timeline for concluding the liquidation of 32 banking companies, noting the absence of legal barriers despite recent amendments.
FeaturedThe Reserve Bank of India has issued the Master Direction for Credit Derivatives, facilitating the introduction of derivatives on credit indices and total return swaps on corporate bonds.
FeaturedA US federal court declined to dismiss criminal charges against Gautam Adani and others, citing inadequate reasoning from the DOJ. This ruling underscores the scrutiny surrounding high-profile corporate investigations.
FeaturedThe Reserve Bank of India has issued its Master Direction regarding credit derivatives. This is a significant move towards introducing derivatives on credit indices and corporate bonds, responding to market demand.
FeaturedThe Delhi High Court explored the doctrine of transborder reputation in a recent trademark case involving the mark 'Whistler'. The ruling reinforces territoriality principles and sets a new evidentiary standard for establishing transborder reputation amidst digital commerce.
FeaturedThe Reserve Bank of India has released directions regarding the introduction of credit derivatives and total return swaps. These directions aim to enhance regulatory clarity in the credit derivatives market.
FeaturedCRED has successfully raised $900 million from Meta in a Series H funding round, involving primary subscriptions and secondary share acquisitions. Key changes in management were announced alongside this transaction.
FeaturedThe Madras High Court struck down a Tamil Nadu government order that allowed converts to Islam to claim Backward Class Muslim status. The Court upheld that such a claim is unconstitutional, reaffirming the eligibility criteria for the Scheduled Classes in the state.
FeaturedThe Bombay High Court dismissed petitions from commodity traders challenging the MCX's decision to settle April 2020 crude oil futures at negative prices. The petitioners contended that SEBI should annul those trades, but the court upheld the decisions, emphasizing the integrity of market operations.
FeaturedThe CBIC mandates that Customs zones appoint senior officers for expedited clearance of pollution response equipment, enhancing India's readiness for marine pollution incidents.
FeaturedThe Supreme Court has set aside High Court orders that quashed JAO-issued reassessment notices and allowed taxpayers to challenge the retrospective amendment under Section 147A. This ruling paves the way for potentially significant tax litigation.