Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedSupreme Court permits Securitisation Remedial Action despite 'clean slate' argument, allowing creditors to defend claims arising from same contract.
FeaturedThe Supreme Court held that once an NCLT admits a Section 7 application and initiates CIRP, the admission is binding and cannot be resiled from in collateral legal proceedings.
FeaturedThe RBI has issued the Commercial Banks – Forthcoming Instructions Second Amendment Directions, 2026, revising minimum capital requirements for operational risk. The changes update prudential norms under the Banking Regulation Act, 1949.
FeaturedThe Supreme Court has held that once a Section 7 application under the IBC is admitted and CIRP initiated, the admission is binding and cannot be challenged in collateral proceedings.
FeaturedThe NCLAT upheld the rejection of a ₹7 crore resolution plan under IBC, holding it failed to address the cause of default and violated mandatory statutory requirements.
FeaturedSupreme Court holds that limitation under Section 62 of IBC begins from date of NCLAT order, not from receipt of certified copy, rejecting delayed appeals based on procurement delays.
FeaturedSupreme Court rules limitation under Section 62 begins from the date of NCLAT order, not certified copy receipt; time for obtaining copy not excluded.
FeaturedRBI revises import payment norms effective October 2026: contract-based settlements, IDPMS thresholds, advance payments, and GST alignment.
FeaturedThe RBI approved the amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. into RBL Bank Ltd., effective December 1, 2026, under Section 44A(4) of the Banking Regulation Act, 1949.
FeaturedThe Supreme Court held that the limitation period for filing an appeal under Section 62 of the IBC begins from the date of the NCLAT order, not from the date of receipt of the certified copy. The time taken to obtain the certified copy cannot be excluded from limitation.
FeaturedThe RBI issued multiple amendment directions in October 2026 to align capital adequacy norms for Commercial Banks, Small Finance Banks, Payments Banks, and AIFIs with international standards, including relaxed legal opinion requirements for clearing members.
The Reserve Bank of India has approved the amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited, effective December 1, 2026. The sanction was granted under Section 44A(4) of the Banking Regulation Act, 1949.