AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Government of India has announced a buyback of its dated securities through auction for an aggregate amount of ₹30,000 Crore. The move is aimed at managing government debt effectively.
The Reserve Bank of India will conduct a 15-day Variable Rate Reverse Repo (VRRR) auction on August 31, 2026, with a notified amount of ₹6,00,000 Crore. This measure is part of its liquidity management strategy.
The Government of India has announced a buyback of dated securities totaling ₹30,000 Crore through auction, signaling a move to manage government debt.
The Reserve Bank of India (RBI) has announced the exclusion of eligible Foreign Currency Non-Resident (FCNR(B)) and Non-Resident External (NRE) funded advances from the Adjusted Net Bank Credit (ANBC) calculation for Priority Sector Lending (PSL) targets, introducing specific deposit period conditions.
The SAFEMA Tribunal has upheld the attachment of ₹8.28 lakh under the PMLA, ruling that the appellant could not prove the bona fide nature of the funds due to the absence of relevant bank statements. The court emphasized that simply claiming to be a victim is insufficient without requisite evidence.
The NCLT has admitted Canara Bank's insolvency plea of ₹119.64 Crores, stating that pending Corporate Insolvency Resolution Processes (CIRP) for a principal borrower does not hinder the liability of a corporate guarantor. This ruling sets important precedents for creditor recovery.
The NCLT has rejected a personal guarantor's moratorium plea, allowing corporate insolvency proceedings for a ₹46.62 Crore financial default. This ruling clarifies the independence of corporate insolvency proceedings from guarantor status.
The NCLT has admitted an insolvency plea of ₹11.83 Crores after bank records established the financial debt and continued default. This ruling underscores the significance of documentary evidence in insolvency proceedings.
The NCLT has ordered liquidation of a company after no viable resolution plan emerged despite an extended EOI process. The Committee of Creditors (CoC) voted 80.86% in favor of liquidation, marking a significant directive in insolvency proceedings.
SEBI has aligned its cyber incident reporting portal with the Financial Stability Board's FIRE format, requiring structured reporting from regulated entities to strengthen cybersecurity practices.
The Insurance Regulatory and Development Authority of India (IRDAI) has approved investments in NDB Maharajah INR bonds by insurers, subject to specific eligibility and rating criteria. This marks a significant regulatory change to bolster insurer investment portfolios.
The RBI has issued directions to Desaiganj Nagari Cooperative Bank, effective August 27, 2026, to ensure compliance with banking regulations.
On August 25, 2026, RBI issued directions under the Banking Regulation Act to The Citizens Co-operative Bank, Jammu, in light of regulatory compliance requirements.