AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has announced fourth amendment directions for Local Area Banks, enhancing standards for responsible business conduct.
The Reserve Bank of India has issued fourth amendment directions for Regional Rural Banks concerning responsible business conduct and ethical recovery practices.
The Reserve Bank of India has released the fourth amendment directions for Urban Co-operative Banks, refining guidelines for responsible business conduct.
The Reserve Bank of India has amended the Responsible Business Conduct Directions for All India Financial Institutions, enhancing responsible practices in recovery procedures.
The Reserve Bank of India has introduced amended guidelines regarding the responsible business conduct expected from Non-Banking Financial Companies following the recent regulatory review.
The Administration of Ladakh has announced the creation of five new districts and corresponding lead bank responsibilities. This move aims to streamline banking services and governance in the region.
The RBI has specified the redemption price for premature redemption of Sovereign Gold Bonds (SGB) 2019-20 Series III on August 14, 2026, which may be redeemed after five years of issuance. This is a key event for investors in gold bonds.
On August 14, 2026, the RBI conducted an underwriting auction for various Government securities. This auction focused on establishing the cut-off rate for underwriting commissions for primary dealers, which plays a significant role in financial market operations.
The court ruled that bank defaulters may not claim equity for One-Time Settlement (OTS) to evade recovery obligations, emphasizing the necessity of compliance with financial obligations.
The NCLT has approved the dissolution of Paysend India after confirming that its voluntary liquidation process was completed with full statutory compliance under Section 59 of the IBC.
The NCLT has ruled that disputed contractual monetary claims fall outside the scope of IBC adjudication, directing the return of assets to protect the Corporate Debtor during the CIRP.
The NCLAT ruled that a formal loan agreement is not essential for establishing the existence of financial debt under the IBC, specifically affirming that repayable advances qualify as debt.
The ITAT has ruled that the conversion of share application money into Compulsorily Convertible Debentures (CCDs) is not deemed income, thus deleting the corresponding income tax addition. This judgement provides insight into the treatment of financial instruments in tax assessments.