AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has announced a significant sixth amendment to the financial statements guidelines for commercial banks, enhancing regulatory compliance and disclosure standards.
The Reserve Bank of India's recent third amendment to the Directions concerning the financial statements of local area banks introduces critical updates to presentation and disclosure standards.
The RBI has released data on sectoral deployment of bank credit as of March 2026, noting a year-on-year growth of 15.9% in non-food bank credit.
The RBI has announced the final redemption details for Sovereign Gold Bond 2018-19 Series-I, due on May 4, 2026, including the redemption price calculation method.
The Reserve Bank of India has published its 46th half-yearly report on the management of foreign exchange reserves as of March 2026, promoting transparency and governance.
The Indian government’s new IP registration fee waiver for sports raises key questions about ownership and control within sports culture, challenging existing norms in IP law.
The SpicyIP Weekly Review covers recent updates in Indian copyright doctrine, notable rulings including Bansal v. Philips, and evolving interpretations of personality rights, essential for practitioners to stay informed of the changing landscape.
An exploration of the official languages of international copyright law reveals the precedence of French over English in instances of divergence, as per the Berne Convention. This highlights the significance of linguistic nuances in legal interpretations.
The Income Tax Appellate Tribunal (ITAT) ruled that a clerical error regarding a bank guarantee in the tax audit report cannot be treated as income. The Tribunal deleted a ₹9.41 lakh addition based on improper accounting.
The Andhra Pradesh High Court has quashed tax assessment orders due to the Assessing Officer's failure to disclose the basis for a yield benchmark, citing violations of natural justice principles.
The Supreme Court has affirmed the Election Commission's constitutional authority to conduct a Special Intensive Revision of electoral rolls, affirming the ECI's powers under Article 324 and Section 21(3) of the RP Act.
The Supreme Court examined the powers of the Competition Commission of India regarding disclosure obligations in merger approvals, determining that full disclosure exists when the CCI has access to all transaction records.
The Supreme Court has clarified that limitation should not be treated as a preliminary jurisdictional issue under Section 9A of the CPC, emphasizing its applicability to defects affecting a court's competence to entertain a suit.