Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court affirmed the constitutional validity of Section 16(2)(c) of the CGST Act, determining that Input Tax Credit (ITC) can only be claimed if the supplier has paid the corresponding GST to the government, supporting the Gujarat High Court's ruling.
FeaturedThe RBI has released draft Foreign Investment Rules 2026, proposing a comprehensive overhaul of the FDI framework and introducing an overseas listing scheme. The rules are open for public comments until August 31, 2026.
FeaturedThe Delhi High Court has ordered the winding up of Paytm Payments Bank following the cancellation of its RBI license, appointing an Official Liquidator to oversee the process. The decision emphasizes regulatory compliance in the banking sector.
FeaturedThe recent FEMA reforms aim to simplify processes related to Foreign Direct Investment (FDI), Overseas Direct Investment (ODI), and External Commercial Borrowing (ECB), facilitating better compliance frameworks for businesses. This initiative reflects an effort to encourage foreign investments.
FeaturedThe Calcutta High Court denied bail to an accused in a money laundering case involving ₹76 crore, instructing urgent actions by the Directorate of Enforcement.
FeaturedThe Calcutta High Court cancelled a broker's bail linked to ₹214 crore in unrecorded cash, stating that 'freelance' status does not shield individuals from money laundering laws.
FeaturedThe Calcutta High Court denied bail to an accused involved in siphoning ₹76 crore, emphasizing the need for urgent action by authorities under the Prevention of Money Laundering Act (PMLA).
FeaturedThe Delhi High Court ruled against an interim injunction sought against OpenAI concerning ChatGPT, affirming that the AI's training on copyrighted works does not infringe copyright protections prima facie. This decision highlights the evolving intersection of technology and copyright law.
FeaturedThe draft FEMA Foreign Investment Rules, 2026 propose a comprehensive framework for foreign direct investment (FDI) along with an overseas listing scheme. These changes aim to simplify regulatory requirements and enhance investment opportunities.
FeaturedIn a recent judgment, the Delhi High Court quashed an Income Tax Order after finding it relied on non-existent case citations, highlighting the robust requirement for credible legal references in tax adjudication.
FeaturedThe Andhra Pradesh High Court ruled that secured creditor's claims take precedence over GST department recoveries, setting a significant precedent.
FeaturedThe Supreme Court affirmed the constitutional validity of Sections 95-100 of the IBC, addressing the insolvency of personal guarantors. The Court rejected a challenge based on Article 14, reinforcing the legal framework for personal guarantees in insolvency proceedings.