Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court has upheld a temporary nationwide blocking order against Telegram, highlighting the potential for platforms’ architecture to justify regulatory intervention. This ruling raises questions about the concept of 'architectural liability' in public law and its effects on intermediary regulations.
The Telangana High Court permitted a fresh manual application for revocation of a cancelled GST registration, overriding a previous rejection due to non-response to a show cause notice.
The Bombay High Court ruled that the 2019 amendment to Section 54(1) of the GST Act applies prospectively, ensuring that refund claims related to pre-existing periods are still valid. The court directed that these refund applications must be processed accordingly.
The Kerala High Court ruled that SARFAESI recovery procedures do not require approval from the National Trust for properties of disabled wards, allowing petitioners to seek relief from the Debt Recovery Tribunal.
The NCLT has admitted an insolvency plea by Aditya Birla Finance against a personal guarantor, reinforcing the continuing guarantee that keeps liability alive beyond liquidation. A moratorium on recoveries has been imposed.
The NCLT has initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC for a default amounting to ₹16.53 crores. A moratorium has been declared under Section 14 of the IBC.
The RBI has issued comprehensive directions regarding the Kisan Credit Card (KCC) Scheme to Commercial Banks, emphasizing credit limits and disclosure norms.
The RBI has published new directions for Small Finance Banks related to the Kisan Credit Card (KCC) Scheme, highlighting key operational guidelines and compliance norms.
The RBI has introduced directions for Regional Rural Banks concerning the Kisan Credit Card (KCC) Scheme, detailing credit provisions and compliance requirements.
The RBI has published directions for Rural Co-operative Banks regarding the Kisan Credit Card (KCC) Scheme, outlining credit purposes, tenure, and disclosure requirements.
SEBI revised its Master Circular to clarify early pay-in margin rules in the commodity derivatives segment, allowing Clearing Corporations to waive margins based on risk perception.
SEBI seeks feedback on proposed changes to trading software and IT regulations aimed at enhancing efficiency. The changes intend to modernize the compliance framework and streamline operational norms.