Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedNCLAT rejected Tata Capital’s claim over hypothecated assets, ruling it missed the 30-day deadline under Regulation 21A of the CIRP Regulations.
FeaturedNCLT ruled that pending winding-up proceedings do not preclude CIRP if liquidation has not reached irreversible stages, admitting a ₹1,526 crore insolvency petition.
FeaturedNCLT clarified that dissolution of a corporate debtor does not extinguish liability of promoters, directors, or guarantors, allowing recovery proceedings against them despite liquidation of the company.
FeaturedMultiple prudential amendments issued on October 7, 2026, streamline legal opinion and valuation requirements for clearing members across AIFIs, payments banks, small finance banks, and commercial banks, aligning with international standards.
FeaturedRBI has issued a circular prohibiting Authorised Dealers from allowing clients to rebook cancelled foreign exchange derivative contracts involving INR. The move aims to prevent speculative positioning and ensure orderly forex markets.
FeaturedNCLT admits ₹1.68 crore MUDRA insolvency plea, ruling RBI licence cancellation removes financial service provider exclusion under IBC.
FeaturedNCLAT rules secured creditor barred from claiming hypothecated assets after failing to file claim within 30 days under Regulation 21A of IBC.
FeaturedThe ICAI removed a CA's name for one year for failing to report material financial irregularities and going concern issues in a case involving ₹1,150 crore siphoning. The order underscores auditors' duty of diligence.
FeaturedThe RBI introduced new directions on Credit Valuation Adjustment (CVA) framework for commercial banks to strengthen risk-based capital norms.
FeaturedThe RBI issued the Twelfth Amendment Directions, 2026, revising capital adequacy norms for commercial banks, including legal opinions for clearing members and valuation adjustments for incurred losses.
FeaturedSC upholds requirement for government authorisation before SFIO fraud complaints. Private individuals cannot directly file complaints under Section 212(6).
FeaturedEffective October 7, 2026, the RBI increased the Bank Rate to 5.75%, triggering higher penal interest rates for shortfalls in CRR and SLR requirements.