Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has implemented amendments concerning credit risk management for Non-Banking Financial Companies, aimed at improving the resolution process of stressed assets.
The Reserve Bank of India has introduced amendments to the credit risk management guidelines specifically for Regional Rural Banks, bolstering their operational frameworks.
The RBI has released an important amendment concerning income recognition, asset classification, and provisioning for all-India financial institutions, in response to evolving financial landscapes.
The Reserve Bank of India has updated its directives pertaining to responsible business conduct for all-India financial institutions, focusing on compliance with newer regulatory expectations.
The RBI has implemented crucial amendments to its directions concerning credit risk management for all-India financial institutions, enhancing guidelines for the resolution of stressed assets.
The Reserve Bank of India has promulgated directions on the disbursement of government pensions through Agency Banks, setting standards for implementation. These guidelines are crucial for ensuring timely and accurate pension payments.
The Reserve Bank of India has released new directions regarding the conduct of government business by Agency Banks, focusing on commission payments and oversight. These directions establish clear guidelines to enhance transparency and accountability in agency banking.
The RBI has proposed amendments to the Investment Fluctuation Reserve norms, seeking feedback from stakeholders. Significant changes include the potential elimination of IFR for specific bank categories.
Zee Entertainment files a lawsuit against Nykaa, claiming INR 2 crores for unauthorized use of copyrighted music in Instagram reels.
Concessional import duty on gold, silver, and platinum has been increased from 4.35% to 10% under recent customs notifications.
CESTAT Mumbai ruled that a customs demand lacks legal standing without a mandatory show cause notice as prescribed by the Customs Act.
The Tripura High Court granted leave to appeal a trial court decision that ordered the release of seized gold, contradicting confirmed confiscation by appellate authorities.