RBI Advances Commercial-Bank FCNR(B) and NRE Deposit Relaxation End-Date to 31 August 2026

RBI has moved the end-date for specified commercial-bank FCNR(B) and NRE deposit interest-rate relaxations and CRR/SLR exemptions from 30 September to 31 August 2026.

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RBI Extends NBFC-IFC Large-Exposure Limits to Upper-Layer IDF-NBFCs

RBI has made NBFC-IFC large-exposure limits applicable to IDF-NBFCs subject to Upper-Layer regulation, with immediate effect from 25 August 2026.

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Supreme Court Upholds Partition Compromise; Independent Claimants Must Pursue Separate Remedy

The Supreme Court affirmed a compromise between a decree-holder and purchasers in a partition execution, while preserving independent claimants’ right to approach the jurisdictional court.

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Supreme Court Sets Aside Tata Steel GST Notice; Section 74 Requires Foundational Facts of Fraud or Suppression

The Supreme Court set aside a GST show-cause notice and order against Tata Steel, holding that merely reciting fraud or suppression cannot invoke Section 74’s extended limitation period.

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Supreme Court: Actual Industrial Use Governs Rajasthan Stamp-Duty Valuation, Not Area Classification

The Supreme Court held that actual industrial use, rather than a master-plan label, governed valuation under Rajasthan’s stamp-duty circular and restored the statutory authorities’ findings.

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SEBI Aligns Cyber-Incident Reporting Portal with FSB’s FIRE Framework

SEBI has aligned its cyber-incident portal with the Financial Stability Board’s FIRE framework, requiring regulated entities to report incidents through staged updates.

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Supreme Court Quashes Wife’s Domestic-Violence Case After Voluntary Divorce Settlement; Daughter’s Claim Preserved

The Supreme Court enforced a wife’s voluntary waiver of monetary claims and quashed her DV Act case, while preserving the adult daughter’s right to seek relief.

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Supreme Court Upholds Mumbai Port Trust’s Prospective Customs Liability for Pilfered Goods

The Supreme Court upheld the 11 October 2000 notification approving Mumbai Port Trust as a Customs Act custodian, while leaving pre-notification duty demands quashed.

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Supreme Court Restores Assam Election Petition, Clarifies Effect of Defective Form 25 Copy

The Supreme Court restored an election petition concerning the 2024 Karimganj Lok Sabha election and explained how Form 25 attestation defects should be treated.

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SEBI Mandates IT Resilience Index and Early-Warning Systems for Market Infrastructure Institutions

SEBI has required exchanges, clearing corporations and depositories to operationalise a system-driven IT Resilience Index, early warnings and real-time monitoring by 28 February 2027.

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