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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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Supreme Court Dismisses Contempt Petitions Against RBI for Alleged Disobedience of RTI Directions. RBI's Disclosure Policy and Individual Information Requests Held Not in Contempt of Court's Earlier Judgment.

The Supreme Court dismissed three contempt petitions filed against the Reserve Bank of India (RBI) alleging wilful disobedience of its judgment dated ...

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Supreme Court Dismisses Appeal in Loan Interest Dispute: Borrower Bound by Adjustable Interest Agreement. Borrower’s claim of misrepresentation on interest rates by HDFC rejected as court upholds contractual obligations.

The Supreme Court dismissed the appellant’s claim regarding unfair trade practices in a home loan agreement. The court upheld the terms of the agree...

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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...