Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has ruled that corporate guarantors cannot evade the Corporate Insolvency Resolution Process (CIRP) even when there are ongoing proceedings against the principal borrower. This emphasizes the legal liabilities of corporate guarantors under the Insolvency and Bankruptcy Code (IBC).
The RBI has commenced its annual survey on computer software and IT services exports for 2025-26, aiming to gather critical data on the sector's performance. This survey will support the compilation of India's external sector statistics.
The Reserve Bank of India has initiated its annual survey to gather data on the foreign liabilities and assets of mutual funds for the financial year 2025-26. This data collection will aid in India’s external sector statistics compilation.
The Delhi HC ruled that a company's ₹86 lakh ITeS turnover cannot be compared with American Express's ₹782 crore turnover for transfer pricing analysis due to the significant scale differences. This ruling impacts how companies approach transfer pricing assessments in India.
MCA's amendment recognizes zero coupon zero principal instruments issued by NPOs on the Social Stock Exchange as valid for CSR, creating new funding opportunities while ensuring fund utilization safeguards.
The Ministry of Corporate Affairs (MCA) has expanded the eligibility criteria for Corporate Social Responsibility activities to include investments in Zero Coupon Zero Principal Instruments, thereby promoting funding through Social Stock Exchanges.
The Delhi High Court ruled that expenses like phones and cars incurred by companies cannot be deemed personal expenditure. This ruling overturns a previous income tax disallowance, affirming that companies, as separate legal entities, do not incur personal expenses unlike individuals.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective from May 4, 2026.
The Supreme Court has ruled that certification of electronic evidence under the Bharatiya Sakshya Adhiniyam is not limited to government-notified examiners, allowing qualified private cyber forensic experts to certify records.
The Ministry of Corporate Affairs has reported that the insolvency resolution process under the IBC has led to creditor recoveries exceeding ₹4 lakh crore by March 2026, signaling the effective implementation of the Insolvency and Bankruptcy Code.
RBI invites comments on draft directions aimed at strengthening capital adequacy disclosures for banks to ensure improved risk reporting.
RBI mandates a three-year cooling-off period for co-operative bank directors after ten years of service to enhance governance and compliance.