Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Calcutta High Court mandated IndusInd Bank to refund 50% of the processing fee, holding a negotiated settlement consistent with RBI guidelines.
The NCLT held that removal of a charge does not equate to extinguishing the underlying debt unless it is proven that the debt was repaid.
The NCLT Chandigarh ruled that mere allegations of collusion and related party transactions do not suffice to substantiate claims of fraudulent initiation of corporate insolvency resolution process (CIRP).
The RBI has issued new directives for Small Finance Banks to enhance customer protections in unauthorized electronic transactions, a move aimed at increasing consumer trust.
The RBI has introduced updated guidelines for Payments Banks, focusing on limiting customer liability for unauthorized electronic transactions, thereby enhancing security standards.
The RBI's new directions for Local Area Banks aim to enhance customer protection in electronic transactions, limiting liabilities for unauthorized transactions.
New conduct directions for Regional Rural Banks focus on enhancing customer protection against unauthorized electronic banking transactions, reinforcing consumer rights.
The RBI has issued new guidelines for Urban Co-operative Banks aimed at limiting customer liability in unauthorized electronic transactions, strengthening consumer protection measures.
New directions have been issued for Rural Co-operative Banks regarding customer liabilities in unauthorized electronic transactions, aimed at enhancing consumer protection.
The RBI has extended directions under the Banking Regulation Act for Ramgarhia Co-operative Bank, indicating an ongoing regulatory oversight.
Nirmal Urban Co-operative Bank Ltd. has been fined ₹1 lakh for non-compliance with RBI directives. This penalty underscores the regulatory scrutiny on cooperative banks.
The RBI has proposed new Master Directions for Call, Notice, and Term Money Markets aimed at boosting liquidity and market participation, with stakeholder feedback invited until July 17, 2026.