Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has extended its directives under the Banking Regulation Act to The Irinjalakuda Town Co-operative Bank Ltd., maintaining oversight until January 30, 2026. This extension is part of regulatory efforts to ensure stability amid ongoing issues.
The RBI announced the results of an auction for State Government Securities, with a total of ₹18,100 crore being raised by various states. This move is an important part of states' financing strategies.
RBI's draft guidance outlines regulatory expectations for data governance, inviting public comments due by August 17, 2026.
The results of the recent auction for Government Stocks reveal significant investor interest, with ₹17,000 crore raised for new GS 2041 and ₹11,000 crore for GS 2076. Cut-off yields indicate a stable investment environment.
Several State Governments have announced an auction to raise ₹18,100 crore through the sale of securities. Andhra Pradesh is the primary contributor with ₹1,000 crore for the re-issue of its 7.56% State Government Securities.
The Bombay High Court has remanded proceedings against a wilful defaulter, allowing for withdrawal of previous orders and ensuring adherence to natural justice norms.
The Calcutta High Court quashed a wilful defaulter notice issued by a bank, citing vague allegations. The court has allowed the possibility of fresh proceedings provided proper particulars are included.
The RBI has extended the directions on Irinjalakuda Town Co-operative Bank till January 30, 2026, following ongoing liquidity concerns.
The RBI has amended prudential norms regarding income recognition for specified non-financial assets for NBFCs, effective October 1, 2026.
The RBI has amended income recognition directions for specified non-financial assets applicable to All India Financial Institutions, ensuring clarity in accounting treatment.
RBI has amended income recognition rules for specified non-financial assets in Urban Cooperative Banks, effective October 1, 2026.
RBI has amended the income recognition rules for specified non-financial assets applicable to Rural Co-operative Banks, effective October 1, 2026.