Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Supreme Court collegium has recommended Senior Advocate KV Viswanathan for appointment as a Supreme Court judge, which could make him the fourth Chief Justice of India elevated directly from the bar.
The Supreme Court Collegium has recommended the elevation of four Chief Justices and one Senior Advocate to the Supreme Court, a step reflecting ongoing judicial restructuring and capacity expansion.
The Central government has approved the appointment of five judges to the Supreme Court, including four Chief Justices and Senior Advocate V Mohana, following an increase in the court's sanctioned strength. This marks a significant expansion in the judiciary's capabilities.
A comprehensive guide for listed companies on mandatory website disclosure requirements under SEBI's LODR Regulations.
The Supreme Court has ruled that a decree issued without resolving jurisdictional issues is void and cannot be executed, emphasizing the necessity of judicial reasoning in decrees.
The Supreme Court has upheld the requirement of disclosing hash values for electronic evidence, emphasizing their role in ensuring authenticity and integrity under the Bharatiya Sakshya Adhiniyam.
The Delhi High Court determined that a company with a turnover of ₹86 lakh cannot be equated with American Express’s ₹782 crore turnover for transfer pricing analysis. The ruling underscores the importance of scale in financial comparisons.
The Karnataka High Court has remanded the challenge against the retrospective amendment of Section 147A of the Income Tax Act back to a single judge for consideration. The assessee has been granted four weeks to explore the validity of the amendment, while the Revenue has three weeks for a response.
The NCLT has ruled that corporate guarantors cannot evade the Corporate Insolvency Resolution Process (CIRP) even when there are ongoing proceedings against the principal borrower. This emphasizes the legal liabilities of corporate guarantors under the Insolvency and Bankruptcy Code (IBC).
The RBI has updated its responsible business conduct directions for regional rural banks, focusing on compliance and ethical practices.
The RBI has released a second amendment to the Credit Risk Management Directions for Non-Banking Financial Companies to bolster their risk management practices and compliance frameworks.
The RBI has amended directions for credit risk management in rural cooperative banks, enhancing their regulatory framework and compliance requirements.