Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has issued amendments for credit risk management in Non-Banking Financial Companies, reinforcing regulatory requirements.
The RBI has issued new amendments focusing on the resolution of stressed assets within All India Financial Institutions, refining risk management frameworks.
The RBI has introduced amendments focusing on income recognition, asset classification, and provisioning for financial institutions to enhance financial stability.
The RBI's latest amendments aim to enhance responsible business conduct among all India financial institutions in alignment with risk assessment frameworks.
The RBI has introduced the second amendment to directions concerning credit risk management in All India Financial Institutions, enhancing risk assessment protocols.
The RBI has released draft Amendment Directions aimed at enhancing banks' flexibility in deposit pricing. Stakeholders are invited to submit their comments.
The Central Government re-appointed Shri Swaminathan Janakiraman as Deputy Governor of the RBI for two years from June 26, 2026. This appointment is critical for governance within the Reserve Bank as it continues to navigate complex economic challenges.
The NCLAT set aside insolvency proceedings noting that misrepresentation of a borrower as a guarantor invalidates applications under Section 95 unless valid documentation is presented.
The NCLAT ruled that the Greater Noida Industrial Development Authority's claim as a secured operational creditor cannot exceed ₹6.79 crore as per the escrow allocation, emphasizing judicial finality in resolution plans.
The NCLAT has stayed insolvency proceedings against Religare Enterprises, finding group transactions circular and fraudulent. This ruling warrants a reconsideration of the prior admission order.
The Reserve Bank of India has imposed a monetary penalty of ₹14.25 lakh on Nagar Sahkari Bank Ltd. for compliance failures regarding income recognition and asset classification.
The Reserve Bank of India has amended the directives on Income Recognition, Asset Classification, and Provisioning for All India Financial Institutions to strengthen financial reporting standards.