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1. Calcutta High Court dismisses Abhishek Banerjee's plea to visit abroad for eye treatment

Calcutta High Court dismisses Abhishek Banerjee's plea to visit abroad for eye treatment The court asked the TMC national general secretary to appear before the SSKM hospital to decide whether his abr

2. RBI sees no major concern over alleged bank window dressing, says supervision is robust

RBI sees no major concern over alleged bank window dressing, says supervision is robust

RBI sees no major concern over alleged bank window dressing, says supervision is robust - Regulators - 1 min read RBI sees no major concern over alleged bank window dressing, says supervision is robust Mumbai, The Reserve Bank of India (RBI) on Wednesday said it does not see any major concern over allegations that banks are resorting to 'window dressing', asserting that its supervisory mechanism is robust enough to detect and address any violations. RBI Governor Sanjay Malhotra said window dressing, wherein a lender spruces up numbers on key metrices like deposits ahead of the close of a quarter to show strong results, does not provide any real benefit to regulated entities as stakeholders and customers are well aware of the underlying financial position of banks. Even if a bank or any regulated entity resorts to such practices, today's stakeholders and customers understand that it neither changes the underlying reality nor has any material impact on the balance sheet," Malhotra said during the post-policy press conference. "If any regulated entity is found to have deviated from the rules or engaged in such practices, we take appropriate action," he added. RBI Deputy Governor Swaminathan J said the banking system remains resilient and any isolated instances are dealt with through the supervisory process rather than in the public domain. "It is not easy for anyone to sustain a projected picture that is not reflective of the true and fair position of the underlying conditions," he said. He added that banks and non-banking financial companies remain resilient despite economic volatility, with the RBI continuing to monitor regulated entities through on-site and off-site supervision and taking action wherever non-compliance is detected.

3. "Law is meant to be shared, not merely practised": Justice Vikram Nath launches free IBC commentary

"Law is meant to be shared, not merely practised": Justice Vikram Nath launches free IBC commentary

"Law is meant to be shared, not merely practised": Justice Vikram Nath launches free IBC commentary - Industry - 3 min read "Law is meant to be shared, not merely practised": Justice Vikram Nath launches free IBC commentary Supreme Court Judge Justice Vikram Nath on Tuesday said that law is "not something to be practised, but to be shared," The Law and Practice of Insolvency and Bankruptcy Code, a free online commentary on insolvency law aimed at making legal knowledge accessible to lawyers, students and academicians. Supreme Court Judge Justice Vikram Nath on Tuesday said that law is "not something to be practised, but to be shared," while launching IBC Mantra: The Law and Practice of Insolvency and Bankruptcy Code, a free online commentary on insolvency law aimed at making legal knowledge accessible to lawyers, students and academicians. Speaking at the launch event held at the S-Block Auditorium of the Delhi High Court, Justice Nath underscored the importance of legal commentaries in shaping jurisprudence. He observed that a good commentary does not merely explain what the law is, but also why it has developed in a particular direction and the principles underlying its evolution, making such works indispensable for both the Bar and the Bench. Justice Manmohan of the Supreme Court praised the initiative, saying the authors were sharing their "labour of love" with the legal fraternity without charge. He expressed hope that the effort would inspire more successful lawyers to give back to the profession by sharing knowledge with younger members of the Bar. Stressing the importance of access to legal resources, he observed that access to quality knowledge would be crucial in the years ahead, particularly as insolvency law continues to evolve. Justice Sanjeev Sachdeva also addressed what he described as a common misconception surrounding the Insolvency and Bankruptcy…

4. Regulators weigh bringing insurance surety bonds under RBI's CRILC

Regulators weigh bringing insurance surety bonds under RBI's CRILC

Regulators weigh bringing insurance surety bonds under RBI's CRILC New Delhi: Financial sector regulators are considering bringing insurance surety bond exposures under the Reserve Bank of India's Central Repository of Information on Large Credits (CRILC), a move aimed at giving banks and rating agencies a fuller picture of corporate leverage by capturing contingent liabilities that currently escape regulatory reporting. CRILC is a database maintained by the RBI to monitor large credit exposures. "We have received some suggestions from banks on this matter and discussions are on how to address this regulatory blind spot," a regulatory official aware of the developments said. According to industry estimates, insurance surety bonds worth ₹50,000-60,000 crore have been issued so far. A bank executive said lenders had made a representation to the government, pointing out that external credit rating agencies do not currently factor in exposures arising from insurance surety bonds. "We have suggested expanding the scope of CRILC and making it a more comprehensive repository for all lending and guarantee data across the financial system," he said. Almost all ministries, central public sector enterprises (CPSEs) and other government departments now allow insurance surety bonds to be furnished instead of bank guarantees. Last month, the coal ministry allowed entities allocated coal blocks to use insurance surety bonds in place of performance bank guarantees.

5. SC to begin final hearing of pleas seeking ban on betting apps

SC to begin final hearing of pleas seeking ban on betting apps - Litigation - 2 min read SC to begin final hearing of pleas seeking ban on betting apps The Supreme Court on Wednesday said it will list

1. Manjula Kapoor vs. The State of Himachal Pradesh and Ors. (29.07.2026 - SC)(MANU/SC/0799/2026)

The Supreme Court of India addressed whether a complaint under Section 138 of the Negotiable Instruments Act against Manjula Kapoor was maintainable without the company, Cine Prime Entertainment, bein

2. Delhi Technological University vs. B.S. Rawat (04.08.2026 - SC)(MANU/SC/0798/2026)

The Supreme Court of India addressed the issue of whether an employee can withdraw a resignation after it has been accepted by an unauthorized authority but later ratified by the competent authority.

3. National Insurance Co. Ltd. vs. Thungala Dhana Laxmi and Ors. (04.08.2026 - SC)(MANU/SC/0804/2026)

The Supreme Court of India addressed the compliance with Section 146 of the Motor Vehicles Act, 1988, requiring valid insurance for all vehicles, and the need for a uniform insurance policy structure.

4. Rupesh R. Gaonkar and Ors. vs. State of Goa and Ors. (04.08.2026 - SC)(MANU/SC/0803/2026)

The Supreme Court of India addressed the appeal by Rupesh R. Gaonkar and others against the State of Goa and others, with the judgment delivered by Justice Nongmeikapam Kotiswar Singh and Justice Sanj

5. Kuntegowda vs. Thurubaiah (04.08.2026 - SC)(MANU/SC/0802/2026)

The Supreme Court of India addressed the issue of whether the High Court erred in setting aside the conviction of Thurubaiah under Section 138 of the Negotiable Instruments Act, 1881, for cheque disho

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