AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has issued Statutory Audit Directions for Rural Co-operative Banks, detailing auditor appointment and eligibility requirements effective immediately.
The RBI has published Miscellaneous Supervisory Directions for Regional Rural Banks, focusing on fair lending practices and fraud prevention measures effective immediately.
The RBI released Supervisory Directions for All India Financial Institutions (AIFIs) in 2026, delineating comprehensive governance, reporting structures, and penalties for non-compliance.
The RBI has issued immediate Compliance Function Directions for Middle and Upper Layer NBFCs, focusing on governance and compliance risk management. This aims to streamline compliance functions within these institutions.
The Karnataka High Court ruled that the corporate veil of a non-signatory entity cannot be lifted at the interim stage in relation to a shareholder's arbitration agreement, reinforcing the integrity of corporate structures.
The Allahabad High Court emphasized that families must not dismiss married women's complaints of dowry harassment or cruelty. The court criticized the tendency to advise victims to adjust, asserting that such advice only emboldens abusers.
Indian Kanoon informed the Delhi High Court that the right to be forgotten judgment is causing significant operational issues. The platform has been directed to deactivate name-based search functionality for certain judgments.
The National Company Law Tribunal (NCLT) has permitted the inclusion of a partnership firm as a co-petitioner in an investigation related to alleged fraud and land misuse under Section 213(b) of the Companies Act. This decision emphasizes the tribunal's focus on fair adjudication in corporate affairs.
The Joint Parliamentary Committee (JPC) has rejected a proposal in the Corporate Laws Amendment Bill that would have required all partners of audit firms to register with a statutory body. This decision aligns with the committee's recommendations aimed at streamlining regulatory requirements.
The RBI has released vital directions aimed at addressing cybersecurity risks within commercial banks. The guidelines establish a robust framework for managing technological resilience.
The Reserve Bank of India has implemented Section 51A of the UAPA by updating the UNSC's Taliban sanctions list. This amendment impacts various financial institutions' compliance obligations concerning sanctioned entities.
The Supreme Court of India ruled that revenue map corrections cannot reopen settled disputes under the Uttar Pradesh Revenue Code, setting a precedent for future cases.
The Calcutta High Court has denied bail under Section 45 of the PMLA in a money laundering case related to the Sahara deposit scam. The court held that the petitioner failed to meet the twin conditions required for such bail.