AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The National Company Law Tribunal ruled that the resolution professional can recover and preserve corporate debtor’s electric vehicle assets during the Corporate Insolvency Resolution Process, leaving pending dues claims for separate adjudication.
The Gauhati High Court ruled that challenges regarding the non-issuance of Form GST ASMT-10 and issues related to the supply of audit materials can be effectively addressed by the statutory appellate authority.
The RBI has published second amendment directions for Local Area Banks focusing on the resolution of stressed assets, which will assist banks in effective asset management.
The Reserve Bank of India has introduced second amendment directions for commercial banks to enhance their income recognition and asset classification norms.
The RBI has issued second amendment directives for Small Finance Banks to enhance income recognition, asset classification, and provisioning standards.
The RBI has announced updates to the income recognition and asset classification directives for Non-Banking Financial Companies to enhance regulatory compliance and financial integrity.
The RBI has introduced second amendment directions for All India Financial Institutions aimed at improving standards of income recognition, asset classification, and provisioning.
The Reserve Bank of India has announced second amendment directions for urban cooperative banks concerning income recognition and asset classification, aimed at improving financial stability.
The RBI has issued amendments regarding income recognition and provisioning for Rural Cooperative Banks, marking another step towards enhancing the banking sector's regulatory framework and stability.
The Reserve Bank of India has issued second amendment directions for Regional Rural Banks aimed at improving income recognition, asset classification, and provisioning norms to enhance financial health.
The RBI has introduced amendments to directives on income recognition and asset classification for Local Area Banks, enhancing financial stability and compliance requirements in the banking sector.
The Reserve Bank of India has released a circular outlining the operations and guidelines for Special Rupee Vostro Accounts (SRVAs), aimed at enhancing international trade settlements in Indian Rupees (INR). This move signals a strategic step towards furthering India's global trade footprint.
SEBI's recent circular operationalizes the ISIN-level freeze of promoter holdings during buy-back processes, mandating depositories to implement this framework by 1 August 2026.