Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Reserve Bank of India (RBI) has issued comprehensive Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators (PSOs), effective November 5, 2026. The framework mandates enhanced cybersecurity measures, incident reporting, and periodic audits to strengthen payment system integrity.
FeaturedDelhi HC directed release of ₹3.01 crore FDR held by bank, affirming operational creditor protection under IBC Section 32A.
FeaturedKarnataka HC quashed PMLA investigation after final closure of underlying predicate offence by police.
FeaturedBombay High Court ruled ED cannot presume all disproportionate assets as 'proceeds of crime' under PMLA without concluding predicate CBI probe.
FeaturedSEBI issues framework for depository receipts backed by REIT units, enabling offshore access and IFSC listings.
FeaturedThe Delhi High Court held that Bank Realisation Certificates (BRCs) are not conclusive evidence of genuine export proceeds. The court emphasized that customs authorities must conduct independent verification to determine export authenticity.
FeaturedRBI issued Eleventh Amendment Directions, 2026, updating leverage ratio framework for commercial banks to align with Basel III 'leverage ratio 2017 standard'. The change affects capital adequacy reporting and liquidity management.
FeaturedRBI issued the Reserve Bank of India (Commercial Banks – Forthcoming Instructions) Second Amendment Directions, 2026, revising minimum capital requirements for operational risk. The change impacts capital planning and risk provisioning.
FeaturedRBI mandates financial institutions to implement updates to the UNSC 1988 (2011) Taliban Sanctions List, amending 5 entries under Section 51A of UAPA, 1967. Institutions must screen beneficiary details and freeze assets linked to designated individuals.
FeaturedThe draft India-EU Free Trade Agreement’s IP chapter proposes standards that may conflict with Indian exceptions on temporary copies and digital archiving. The final text may impact software and internet operations.
FeaturedThe Calcutta High Court has ruled that FERA penalty appeals filed after FEMA’s enactment retain penal character and may be heard as criminal appeals, preserving claimants’ rights.
FeaturedThe Calcutta High Court refused to quash an FIR invoking offences under the Bharatiya Nyaya Sanhita, holding that prior sanction under GST law is not required for criminal prosecution when general penal provisions apply.