Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
SEBI has issued clarifications regarding PAN rules for Foreign Portfolio Investors (FPIs) following compliance challenges posed by new Income-tax application forms. The relaxations are designed to simplify documentation and facilitate the onboarding process for FPIs.
Robert Vadra has been granted bail by the Delhi Rouse Avenue district court in a money laundering case concerning the Shikohpur land deal. The bail was granted upon a surety of ₹50,000 after the ED filed a charge sheet without arresting Vadra.
The Patna High Court has mandated that the government must resolve contractor claims related to a stalled road project within six weeks, highlighting the importance of timely resolution in infrastructure projects.
The Insolvency and Bankruptcy Board of India (IBBI) introduced new governance norms for insolvency professional agencies, mandating that managing directors receive prior approval from the IBBI. The reforms also tighten eligibility criteria for directors.
The ITAT clarified that occupancy certificates and Joint Development Agreements disclosed to the Income Tax Department before a search cannot be deemed as incriminating material for the purpose of invoking Section 153A.
The ITAT Bangalore ruled that Section 45(5A) of the Income Tax Act does not apply retrospectively to Joint Development Agreements executed before April 1, 2018. Consequently, capital gains from these agreements cannot be taxed upon receipt of the occupancy certificate.
The RBI has imposed a ₹3.10 lakh penalty on IIFL Finance Limited due to non-compliance with regulatory directives under NBFC regulations.
The RBI imposed a ₹5.80 lakh penalty on Appnit Technologies for KYC non-compliance, reinforcing regulatory adherence in financial practices.
The RBI has scheduled an auction for a Variable Rate Repo of ₹100,000 Crore on May 18, 2026, reflecting ongoing liquidity reviews.
The Calcutta High Court has reaffirmed the continuing rights of authors under the copyright amendments of 2012. The ruling clarifies the rights of authors in relation to sound recordings, reinforcing their economic entitlements.
Zee Entertainment has filed a lawsuit against Nykaa, seeking damages of INR 2 crores for the alleged unauthorized use of copyrighted songs in Instagram reels. This case highlights the ongoing struggles related to copyright enforcement in the digital marketing space.
The Delhi High Court, in Blackberry v. Controller, reiterated the ambiguous nature of Section 3(k) of the Indian Patents Act. The court emphasized the ongoing confusion surrounding the patentability of specific inventions under this provision despite the recent CRI Guidelines.