AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi High Court has dismissed Chitra Ramkrishna's plea challenging the definitions of 'public duty' and 'public servant' under the Prevention of Corruption Act, allowing the case to move forward.
The Delhi High Court has authorized the release of $99 million in foreign arbitral awards to Vedanta and Ravva Oil, rejecting the Central government's objections. The enforcement petition brought by the companies was granted by Justice Jasmeet Singh.
The RBI has launched the Integrated Ombudsman Scheme, 2026, facilitating a centralized complaint resolution mechanism for grievances against regulated entities. This scheme strengthens consumer protection in banking.
The RBI has officially removed Coӧperatieve Rabobank U.A. from the Second Schedule of the RBI Act, following its cessation as a banking company. This decision emphasizes the regulatory authority of the RBI in maintaining the integrity of the banking sector.
The Gujarat High Court ruled that a 28-month-old broker register entry does not justify reopening income tax assessments. The decision emphasizes the need for a direct connection to trigger tax actions.
The Gujarat High Court upheld the status of the Ahmedabad Urban Development Authority (AUDA) as a charitable organization, despite its commercial activities. The ruling reinforces the notion that charitable objectives can coexist with commercial operations.
The Reserve Bank of India has released directives to enhance customer protection in electronic banking transactions across various banking sectors.
The Reserve Bank of India has issued new Master Directions regarding credit derivatives, which will govern the functioning of credit derivatives markets in India.
SEBI has revised the securitised debt rules concerning originator representation and SPDE acquisitions, enhancing clarity and regulatory requirements for market participants.
SEBI has revised buy-back rules, now making the involvement of a merchant banker optional. The changes also introduce a 15% open-market cap along with new timelines effective August 1, 2026.
The revised IPF framework necessitates that at least 95% of investment income be utilized to strengthen the corpus, while allowing up to 5% for specified administrative and statutory expenses starting September 1, 2026.
SEBI has amended the Mutual Funds Regulations, 2026, allowing mutual funds to engage in intraday borrowing to address timing mismatches, contingent upon adhering to conditions set by SEBI.
SEBI mandates that custodians will now be required to report and pay fees on a monthly basis, effective from October 1, 2026. This change is part of an ongoing effort to enhance compliance and oversight.