AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has updated the Directions on the Resolution of Stressed Assets for Local Area Banks to improve operational practices and asset management.
The Reserve Bank of India has released the Second Amendment Directions on Income Recognition, Asset Classification, and Provisioning for Urban Cooperative Banks, to ensure regulatory compliance and sound financial governance.
The Reserve Bank of India has issued the Third Amendment Directions on Income Recognition, Asset Classification, and Provisioning for Rural Co-operative Banks, aiming to strengthen governance and financial practices.
The Reserve Bank of India has released the Second Amendment Directions on Income Recognition, Asset Classification, and Provisioning for Regional Rural Banks. This is part of ongoing reforms to strengthen the banking sector's resilience.
The Reserve Bank of India has amended the Directions on Income Recognition, Asset Classification, and Provisioning for Local Area Banks. This amendment aims to improve the financial health of local banks by ensuring standardization in financial reporting.
The Reserve Bank of India has released a circular on Special Rupee Vostro Accounts (SRVAs), inviting attention to previous notifications regarding International Trade Settlement in Indian Rupees. This provides clarity on updates concerning SRVAs for authorized dealer banks.
SEBI's latest amendments to the Buyback Regulations of 2026 restore the stock exchange route for buybacks, mandate shareholder notifications, and optional appointment of Merchant Bankers. These changes clarify procedures for public companies looking to repurchase their shares.
SEBI has announced the extension of Systematic Withdrawal Plan (SWP) and Systematic Transfer Plan (STP) standing instructions for demat mutual fund units, with implementation set to begin by January 31, 2027. This development aims to enhance investor convenience and operational efficiency.
NCLT Mumbai allows a waiver under Section 244 and permits the continuation of an oppression and mismanagement petition.
Karnataka HC clarifies that disqualifications under Section 164 do not vacate a director's office in a defaulting company.
NCLT Mumbai denies Jet Lite employees' claims to be treated as Jet Airways workmen in the company's liquidation process.
NCLT Kochi disallowed amendments to a company petition that introduced new causes of action, clarifying boundaries defined by Rule 155 of the NCLT Rules.
The Reserve Bank of India has announced a Variable Rate Repo auction for July 20, 2026, aimed at managing liquidity in the banking sector.