Kerala HC Upholds Section 22 ID Act: Bank Officers in PUS Cannot Strike, Citing 2023 Notification & Rs 231.90 Lakh Cr Deposits

SC Stays HC Order Declaring NSEI as 'Public Authority' Under RTI Act Section 2(h)

The Supreme Court has stayed a Delhi High Court order that declared the National Stock Exchange of India (NSEI) a 'public authority' under Section 2(h) of the RTI Act. This means citizens cannot currently enforce their right to information from NSEI. The case challenges whether a stock exchange, though controlled by the government, should be treated as a public authority.

ECI Resolves Internal Divide: Voters Exempted, Form 6 Reverted; Maharashtra Drought in 75% Tehsils; Bank Unions Strike from Sept 28

The Election Commission addressed internal concerns by exempting voters from hearings for discrepancies, reverting Form 6 changes, and setting up a committee on ECINet. Maharashtra declared drought in 75% of tehsils with an 18% rainfall deficit, triggering relief measures. Bank unions called a three-day nationwide strike demanding a five-day workweek and PLI changes.

Bankers' Books Evidence Act, 2026 Passed in Lok Sabha: Digital Records Now Admissible Evidence

Lok Sabha passed the Bankers' Books Evidence Act, 2026, replacing the 1891 Act, to make digital and virtual records admissible as evidence in courts. The bill was passed by voice vote without debate amid Opposition protests. This reform updates colonial-era banking evidence law for the digital age.

SC Uses Article 142 to Quash NEET FIRs; PM at SCO Demands Action on Terror Financing

Supreme Court invoked Article 142 to quash all NEET protest FIRs, showcasing its plenary powers. PM Modi at the SCO summit called for united action against state-sponsored terrorism, indirectly targeting Pakistan. Other key updates include bank unions striking over PLI and 5-day week, totaliser debate, and India's tunnel rescue in Nepal.

ED Identifies Recurring IBC Malpractices Including Section 29A Circumvention and Disproportionate Haircuts

The Enforcement Directorate (ED) has flagged misuse of the Insolvency and Bankruptcy Code (IBC) by defaulting promoters who use collusive resolution processes with disproportionately large haircuts to regain control of their companies. This comes amid growing concerns over low creditor recoveries (average 29% over five years) and legal tensions between IBC's moratorium/immunity provisions and the Prevention of Money Laundering Act (PMLA). Students must understand the conflict between resolution and recovery objectives, key sections (14, 29A, 32A), and the ED's intervention strategy.

SC Mandates SOPs to Curb Digital Arrests, Orders Time-Bound Refunds via I4C-RBI Portal

The Supreme Court has directed the Centre, States, RBI, and telecom authorities to implement standard operating procedures (SOPs) to combat 'digital arrest' scams. The order mandates time-bound grievance redressal, zero FIR registration, and money restoration mechanisms. The I4C report shows a 86% reduction in complaints from 2024 to June 2026.

Lok Sabha Passes Bankers’ Books Evidence Bill 2026: Digital Records Admissible, SP-Rank Police Powers Retained

Lok Sabha has cleared the Bankers’ Books Evidence Bill, 2026, replacing the 135-year-old colonial-era Act of 1891. The Bill modernizes the legal framework to allow digital and cloud-based bank records as evidence in court, but raises serious data privacy concerns due to retained police powers and lack of safeguards like hash values.

Supreme Court Directs RBI, States, CBI on Digital Arrest Scams: SOP, Kill Switch, ₹18 Cr Restored

The Supreme Court issued interim directions to combat digital arrest scams, including RBI SOP for banks, operationalization of grievance redressal and money restoration modules, and examination of a 'kill switch' for calls. The court noted a decline in reported fraud but stressed continued vigilance. This is crucial for understanding judicial activism in cybercrime and institutional coordination.