Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
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The RBI notified financial institutions of amendments and removals to the UNSC 1267/1989 ISIL (Da'esh) & Al-Qaida sanctions list under Section 51A of the UAPA, 1967, effective as of October 2026. Entities identified under the list must have their assets frozen immediately.
Karnataka HC refused permission for WinZO to transfer funds from a US bank account amid ongoing PMLA proceedings, but allowed remittance to ED’s Indian account. Attachment order preserved pending final adjudication.
Gujarat High Court denies bail in a cyber fraud-linked money laundering case involving mule accounts and USDT conversion, citing economic offence gravity.
The Gujarat High Court has rejected bail for an accused involved in a cyber fraud scheme using mule accounts and cryptocurrency conversion, affirming that economic offences triable by Magistrates are still eligible for pre-trial detention.
The RBI has delegated authority to its regional offices to compound certain contraventions under FEMA, streamlining enforcement and reducing delays. This shift is expected to expedite compliance resolutions for AD banks and authorised persons.
Gujarat High Court denies anticipatory bail to accused involved in a cyber fraud scheme using mule accounts and USDT conversions, stressing severity of economic offences.
Prime Minister Narendra Modi inaugurated the RBI’s Data Centre and Cybersecurity Training Institute in Bhubaneswar, marking a milestone in financial sector resilience.
The Gujarat High Court denied bail to an accused in a cyber fraud and money laundering racket involving mule accounts and conversion of illicit funds into USDT, citing the economic nature of the offence.
The Gujarat High Court has refused bail to an accused in a cyber fraud and money laundering racket involving mule accounts and conversion of illicit funds into USDT, emphasizing the economic nature of the offence.
Gujarat High Court denies bail to accused in cyber fraud and money laundering case involving mule accounts and USDT conversion, citing gravity of economic offence.
The Reserve Bank of India has issued directions to all regulated entities to implement updates to the UNSC’s 1267/1989 ISIL (Da’esh) & Al-Qaida sanctions list pursuant to Section 51A of the UAPA, 1967. Three entries in the sanctions list have been amended, requiring immediate action by financial institutions to ensure compliance.