Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe RBI has released Draft FEMA Foreign Investment Rules, 2026, outlining a new foreign investment framework and an overseas listing scheme. The rules aim to revise existing definitions and improve regulatory allocations.
FeaturedThe RBI has cancelled the registrations of 135 Non-Banking Financial Companies (NBFCs) under Section 45-IA, citing specific grounds and regulatory procedures.
FeaturedThe Supreme Court affirmed that although breaching Section 269SS incurs penalties, such a breach does not render a cash loan unenforceable under the Negotiable Instruments Act.
FeaturedThe Reserve Bank of India has released new directions concerning credit derivatives, marking significant regulatory developments in India's financial landscape which include derivative trading on credit indices.
FeaturedThe Reserve Bank of India has released the Master Direction for Credit Derivatives, introducing crucial regulatory guidance for participants in the credit derivatives market. This aims to promote fair practices in derivative transactions.
FeaturedThe Reserve Bank of India has released an update on the implementation of Section 51A of the UAPA, responding to changes in the UNSC's sanctions lists. This compliance measure affects various financial institutions and enhances regulations regarding terrorism financing.
FeaturedThe Kerala High Court upheld the power of the RBI to replace a cooperative bank's board with an administrator, validating the requirement for state consultation for extensions.
FeaturedBank of Baroda has reached a $600 million out-of-court settlement regarding its exposure in the NMC Health fraud case without admitting liability, closing insolvency proceedings in both Abu Dhabi and London.
FeaturedBank of Baroda has agreed to a $600 million settlement to resolve litigation relating to the NMC Health fraud case, concluding ongoing insolvency proceedings in Abu Dhabi and London without admitting liability.
FeaturedIn a significant ruling, the NCLT noted that a guarantor's liability should mirror the principal borrower's responsibilities. This principle was reaffirmed during the initiation of CIRP against Utkal Steels.
FeaturedThe RBI's recent directives expand the credit derivatives market by introducing new instruments, enhancing the range of hedging tools available to market participants.
FeaturedThe RBI has introduced new Credit Derivatives Directions to enhance the regulatory framework for credit derivatives, replacing the previous set of guidelines.