Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedFollowing a majority vote by SBI to reject all resolution plans, the NCLT has declared liquidation mandatory under Section 33(2) of the IBC and appointed a liquidator to oversee the process.
FeaturedThe NCLAT has ruled in favor of SBI, confirming that Videocon's foreign oil and gas assets are to remain outside the Corporate Insolvency Resolution Process (CIRP) of Videocon Industries Ltd. and its affiliates, relying on the commercial wisdom of the Committee of Creditors.
FeaturedThe NCLT has ordered the liquidation of a corporate debtor after the Committee of Creditors (CoC) rejected both the extension of the Corporate Insolvency Resolution Process (CIRP) and the proposed resolution plan. This decision emphasizes the need for timely action within insolvency proceedings.
FeaturedThe Supreme Court dismissed Byju Raveendran's appeal related to the NCLAT's decision and instructed an expedited inquiry against the Interim Resolution Professional (IRP). The Court emphasized the necessity for the ongoing investigation to proceed without delay.
FeaturedThe Reserve Bank of India has canceled the Certificate of Registration for 150 non-banking financial companies, emphasizing regulatory compliance and the importance of maintaining operational standards.
Khaitan & Co has advised Reliance Industries on a ₹12,000 crore private placement of non-convertible debentures, listed on BSE and NSE, carrying a 7.47% coupon rate.
Third Amendment Directions, 2026 enhance clarity on fair valuation of investments for commercial banks.
Second Amendment Directions, 2026 refine investment portfolio norms for Payments Banks to ensure fair valuation practices.
Second Amendment Directions, 2026 update fair valuation practices for Small Finance Banks' investment portfolios.
RBI revises investment portfolio norms for All India Financial Institutions to enhance market valuation clarity and uniformity.
Exim Bank has finalised a ₹4,850 crore Line of Credit to the Maldives government for developmental projects, supported by the Government of India.
RBI circular alerts financial institutions to a new terrorist organisation designated under the Unlawful Activities (Prevention) Act, mandating compliance with asset-freezing obligations.