RBI Approves Amalgamation of Local Banks
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective from May 4, 2026.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective from May 4, 2026.
In a recent case, the Delhi High Court's order regarding personality rights demonstrates the complexities of IP law as it intersects with private rights and public discourse, demanding critical examination.
The Delhi High Court issued an ex parte injunction in Ivy Entertainment v. Rahul Singh, protecting the plaintiff's claimed distinctive hook line from unauthorized use, reflecting the complexities surrounding copyright in music.
The Delhi High Court ruling in the '20-20' trademark dispute challenges the prioritization of filing over marketplace realities, raising critical questions about the coexistence of registration and existing goodwill.
In Anamika Sood v. Google LLC & Saregama India Ltd., the Saket District Court ruled in favor of independent artist Anamika Sood, recognizing her ownership of the song 'Ferrareee' and rejecting Saregama's expired copyright claims. This ruling raises concerns about the commercial misuse of copyright disputes.
The ITAT ruled that the Principal Commissioner of Income Tax (PCIT) exceeded jurisdiction by raising new issues not included in the show-cause notice. This ruling is critical for delineating the boundaries of PCIT authority.
The Income Tax Appellate Tribunal (ITAT) quashed a reassessment notice issued under Section 148, determining it was based on incorrect facts and assumptions. The ruling highlights the necessity of accurate representation of facts in reassessment proceedings.
The Supreme Court has ruled that certification of electronic evidence under the Bharatiya Sakshya Adhiniyam is not limited to government-notified examiners, allowing qualified private cyber forensic experts to certify records.
The Supreme Court has ruled that a decree issued without addressing jurisdiction and maintainability issues is unenforceable. The absence of judicial reasoning renders such decrees void.
The Ministry of Corporate Affairs has reported that the insolvency resolution process under the IBC has led to creditor recoveries exceeding ₹4 lakh crore by March 2026, signaling the effective implementation of the Insolvency and Bankruptcy Code.
RBI invites comments on draft directions aimed at strengthening capital adequacy disclosures for banks to ensure improved risk reporting.
RBI mandates a three-year cooling-off period for co-operative bank directors after ten years of service to enhance governance and compliance.