Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has reclassified a Yes Bank loan, originally secured by promoters' property, as unsecured debt in an insolvency proceeding against Roofco Trading.
The NCLT has initiated Corporate Insolvency Resolution Process against a paper mill due to ₹1.25 crore operational debt, underscoring the absence of a genuine dispute.
The NCLT has initiated Corporate Insolvency Resolution Process (CIRP) against a corporate debtor and imposed a moratorium under Section 14 of the IBC, appointing Naresh Kumar Tailor as the Interim Resolution Professional.
The NCLT directed Kotak Mahindra Bank to release title deeds after confirming receipt of full payment by the corporate debtor, asserting that creditor retention of documents post-payment contravenes the resolution plan.
The NCLT has admitted an insolvency plea against a kraft paper manufacturer, adjudging that the debt and default were proven. Interim Resolution Professional Rishabh Sethi has been appointed to oversee the company's affairs.
The Reserve Bank of India has issued the third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for commercial banks, aimed at enhancing liquidity protocols.
The Reserve Bank of India has announced the third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for small finance banks to enhance liquidity.
The Reserve Bank of India has introduced changes to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for urban co-operative banks, aiming to bolster liquidity management.
The third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for rural co-operative banks has been issued by the Reserve Bank of India, focusing on enhancing liquidity management.
The Reserve Bank of India has released the third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) directions for Regional Rural Banks, impacting their regulatory framework.
New directions for the Kisan Credit Card (KCC) Scheme for commercial banks have been released by the Reserve Bank of India, aimed at enhancing agricultural credit availability for farmers.
The Reserve Bank of India has unveiled new directions for the Kisan Credit Card (KCC) Scheme applicable to small finance banks. The provisions focus on optimizing credit access for farmers through structured guidelines.