NCLT Admits ₹1.05 Cr CIRP as No Pre-Existing Dispute on Invoice
NCLT admits insolvency petition for ₹1.05 crore operational debt; no genuine dispute raised prior to default.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLT admits insolvency petition for ₹1.05 crore operational debt; no genuine dispute raised prior to default.
SEBI has streamlined the nomination process for demat accounts and mutual fund folios by introducing default nominations, opt-out options, and reduced documentation requirements.

The Central Consumer Protection Authority has fined United Biscuits ₹1 lakh for misleading advertising claims regarding its Marie Biscuits. The product was found to contain less whole wheat than advertised.

The Central Consumer Protection Authority has fined Amazon for facilitating the sale of ordinary sweets labeled as Ram Mandir Prasad, highlighting consumer protection mandates.
The RBI's draft loan pricing regulations for 2026 propose a cap on APRs for microfinance and personal loans below ₹50,000, deemed essential to combat usury.
The Reserve Bank of India has published the third amendment directions for Housing Finance Companies, establishing updated guidelines on recovery agent engagement under Fair Practices Code.
The Madras High Court has dismissed a writ petition challenging the findings of the RBI Ombudsman concerning GST refunds, bank guarantee charges, and non-performing asset (NPA) classification. The court affirmed that the Ombudsman had addressed the grievances appropriately.
The Reserve Bank of India has enacted the Commercial Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the engagement of recovery agents to enhance consumer protections in the banking sector.
The Reserve Bank of India has established the Small Finance Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the responsibilities of recovery agents and enhancing consumer protection.
The Reserve Bank of India has issued the Local Area Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the conduct of recovery agents and the management of microfinance loans.
The Reserve Bank of India has enacted the Regional Rural Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, which stipulate new guidelines for the engagement of recovery agents in the sector, reinforcing ethical practices.
The Reserve Bank of India has issued the Urban Co-operative Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the conduct of recovery agents to enhance consumer protection and regulatory compliance.