Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India published the Fourth Amendment Directions, 2026 concerning capital adequacy for Small Finance Banks, revising the existing legal framework.
The RBI has issued the Second Amendment Directions, 2026 for Payments Banks focusing on capital adequacy norms. This follows a comprehensive review of existing regulations.
The Reserve Bank of India issued a circular detailing the operating framework for facilitating outward remittance services by non-bank entities through Authorized Dealer (Category I) banks. This update emphasizes the amendments to previous directions under the Foreign Exchange Management Act.
The CESTAT Mumbai ruled that a demand notice issued without a mandatory show cause notice under Section 28 of the Customs Act is invalid. This reinforces the legal requirement for proper notice before recovery proceedings.
The Tripura High Court has granted leave to challenge a trial court's order that directed the release of seized gold, noting the prior upholding of confiscation orders by appellate authorities. This ruling highlights the inconsistencies with finalized confiscation proceedings.
The tragic suicide of a CA final student highlights the pressing need for mental health awareness and support in academic environments. The case underscores the stress associated with professional qualifications.
The NCLAT determined that conditional payments linked to an internal consequence sheet constitute an acknowledgment of operational debt, upholding the admission into CIRP.
Following the rejection of the only resolution plan by the Committee of Creditors, the NCLT has ordered the liquidation of the corporate debtor, highlighting procedural routes in insolvency.
The NCLT Principal Bench has dissolved AVJ Infrastructure after it completed the liquidation process and assigned its residual assets, reinforcing the provisions under section 54 of the IBC.
The NCLT Principal Bench has permitted the dissolution of a corporate debtor post asset assignment, affirming that such a dissolution is valid when no further assets are available for distribution.
An Ordinance has been promulgated to raise the Supreme Court's sanctioned judge strength from 33 to 38. This amendment could enhance the court's capacity to handle cases and improve judicial efficiency.
The NCLAT has determined that conditional payments linked to internal calculations can be considered as admissions of undisputed operational liability. This ruling may affect ongoing insolvency cases.