Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe NCLT has upheld the finality of a resolution plan, ruling that an income tax claim filed 1305 days late is inadmissible under the IBC. This reinforces the judicial emphasis on adherence to timelines in insolvency contexts.
FeaturedThe NCLT has ruled that a guarantee claim amounting to ₹34.82 crore was time-barred, asserting that SARFAESI notices and DRT proceedings do not extend limitation periods under the IBC. This clarification is crucial for creditors in understanding their claim timelines.
FeaturedThe NCLT has ordered the liquidation of APS Infra Engineers, ruling that the resolution plan was non-compliant due to fraudulent and undervalued transactions. This decision clearly prioritizes creditor protection and transparency within insolvency proceedings.
FeaturedThe Supreme Court of India has upheld the powers of the Directorate of Revenue Intelligence (DRI) to issue notices under Section 28 of the Customs Act. This significant decision affirms the legislative intent behind Section 28, enhancing enforcement capabilities.
FeaturedThe Karnataka High Court has ordered action against a civil judge involved in a road rage incident. The court condemned the judge's behavior and criticized the police for acting against victims.
FeaturedIn a landmark interim order, the Delhi High Court ruled on the non-infringing status of OpenAI’s use of ANI’s copyrighted works, highlighting user rights and public interest under the Copyright Act. This ruling sets a significant precedent for AI applications in India.
FeaturedThe Supreme Court allowed a review in the Canon India case upholding the powers of DRI officers under Section 28 for issuing customs notices and setting aside contradictory judgments.
FeaturedThe Gujarat High Court quashed a remand order issued by CESTAT, instructing the Tribunal to decide the appeal on merits within four months due to clarity issues in the previous ruling.
FeaturedSEBI has implemented the GARUDA mechanism to streamline the filing process and launch procedures for Alternative Investment Funds (AIFs). This revision is effective immediately under the amended AIF Regulations, aiming to expedite the approval and operationalization of AIF schemes.
FeaturedThe National Stock Exchange's upcoming IPO is not just a financial event but a critical governance test. The offering aims to assess market pricing of a significant institution.
FeaturedThe Punjab and Haryana High Court has refused bail to advocate Vikas Kumar, accused of conspiring to manipulate judicial proceedings. The allegations suggest involvement in an organized criminal network intending to misappropriate trust property.
FeaturedIn a recent ruling, the Delhi High Court dismissed an interim injunction against OpenAI concerning the ownership of training data for ChatGPT, establishing prima facie protection under the Indian Copyright Act. This decision is a significant development for technology and copyright intersections.