PMLA Investigation Cannot Survive Final Closure of Predicate Case: Karnataka HC
Karnataka HC quashed PMLA investigation after final closure of underlying predicate offence by police.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Karnataka HC quashed PMLA investigation after final closure of underlying predicate offence by police.
Bombay High Court ruled ED cannot presume all disproportionate assets as 'proceeds of crime' under PMLA without concluding predicate CBI probe.
RBI issued Eleventh Amendment Directions, 2026, updating leverage ratio framework for commercial banks to align with Basel III 'leverage ratio 2017 standard'. The change affects capital adequacy reporting and liquidity management.
RBI issued the Reserve Bank of India (Commercial Banks – Forthcoming Instructions) Second Amendment Directions, 2026, revising minimum capital requirements for operational risk. The change impacts capital planning and risk provisioning.
RBI’s Eleventh Amendment Directions, 2026, update leverage ratio framework for commercial banks to align with international standards.
RBI has issued comprehensive Master Directions on cyber resilience and digital payment security for authorised non-bank payment system operators, aiming to strengthen payment system safety.
NCLAT Delhi rules that retrospective NPA classification does not activate IBC Section 29A disqualification.
SC rules that anticipatory bail remains maintainable even if a person is in judicial custody in another case.
NCLAT Chennai rules that a director’s loan reflected in balance sheets qualifies as financial debt under IBC Section 5(8).
The Supreme Court permitted the Indian Telecoms Officers’ Association to pursue its representation before the 8th Central Pay Commission, affirming the right of service associations to submit grievances.
SEBI has updated the accredited investor regime with manager-led verification, a three-year validity period, and revised eligibility criteria including a ₹5 crore investment exposure threshold.
The Securities and Exchange Board of India (SEBI) has implemented the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2026, effective 7 November 2026. The framework includes an online application portal, calculator, FAQs, and a help desk to streamline dispute resolution.