Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
SEBI has introduced a lighter NISM certification for sales staff performing non-core advisory functions. Core personnel are still required to complete existing Level 1 and Level 2 certifications.
Justice Vibha V Kankanwadi of the Bombay High Court has retired after a commendable 33-year career. She highlights a judge's responsibility to uphold legal standards rather than seek to please individuals.
Reserve Bank of India Governor Shri Sanjay Malhotra inaugurated the new CAFRAL campus in Mumbai, emphasizing the need for continuous learning and research in the financial sector.
The Government of India has scheduled an auction for the re-issue of Government Securities totaling ₹28,000 crore on June 25, 2026. This sale is part of the underwriting commitment scheme for primary dealers as outlined on November 14, 2007.
The RBI has implemented third amendment directions on Cash Reserve Ratio and Statutory Liquidity Ratio for Regional Rural Banks addressing new provisions for deposit management.
The RBI has released the Third Amendment Directions for Small Finance Banks concerning credit facilities, targeting improvements aligned with new operational guidelines under UPI.
The RBI has introduced the Fourth Amendment Directions for Commercial Banks related to credit facilities. These amendments are in response to new operational guidelines for pre-sanctioned credit lines through UPI.
The RBI has issued a circular to Authorised Dealer Category-I banks regarding open positions in line with previous directives. Banks must adhere to the provisions of the existing Master Directions on Risk Management and Inter-Bank Dealings.
A Hyderabad court has granted interim bail to Bandi Sai Bageerath, son of Union Minister Bandi Sanjay Kumar, in a POCSO case to facilitate his BBA exams, allowing temporary relief until June 25.
The Ministry of Corporate Affairs has extended the waiver for late fees on DPT-3 filings until 31 July 2026 due to service disruptions caused by a data center fire.
The NCLT directed the convening of creditor meetings for an amalgamation scheme after refusing to dispense with the equity shareholders' meeting due to lack of documentation.
The NCLT denied a request for releasing ₹9.15 crore in a DSRA due to unresolved issues concerning ₹166 crore in missing fixed deposits. Further scrutiny is required before any order permitting release.