Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Calcutta High Court has ordered the completion of the liquidation process for 32 banking companies within six months, mandating periodic reporting to the RBI.
The Reserve Bank of India has issued guidelines on responsible business conduct for rural and urban co-operative banks, focusing on limiting customer liability in unauthorized electronic banking transactions.
The Reserve Bank of India has reviewed and streamlined the circulars issued under the Foreign Exchange Management Act, 1999, in a move to rationalize the regulatory framework. This initiative aims to improve clarity and compliance for authorized entities.
The RBI has released the outcomes of its Variable Rate Repo auction conducted on July 1, 2026.
The RBI has extended its directions for Samarth Sahakari Bank Ltd. under the Banking Regulation Act.
The RBI has published its latest data on money market operations reflecting market conditions.
The Calcutta High Court has mandated the liquidation of 32 banking companies within six months, requiring periodic updates to the Reserve Bank of India (RBI). This order aims to expedite the closure of these entities while ensuring regulatory oversight.
NCLT ruled that a bank appropriating a corporate debtor's funds cannot be defined as a preferential transaction absent the debtor's action indicating preference. This sheds light on creditor recovery measures.
NCLT ruled that a unilateral bank transfer does not qualify as a preferential transaction absent evidence of preference by the corporate debtor. The tribunal dismissed a claim against Sintex Industries on these grounds.
The RBI has issued new guidelines for Small Finance Banks to promote consumer protection in unauthorized electronic transactions.
The RBI has issued updated guidelines for Payments Banks concerning customer protection in unauthorized electronic transactions.
The RBI's new directions enhance customer protection for Local Area Banks regarding unauthorized banking transactions.