AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe Supreme Court upheld the reopening of assessments based on allegations of accommodation entries, affirming the sufficiency of prima facie material at the reopening stage. This decision reaffirms the threshold required for reassessment actions.
FeaturedThe Kerala High Court has permitted a transgender man to freeze and store his eggs, marking a progressive step for reproductive rights. The ruling challenges previous limitations under the ART Act, 2021.
FeaturedCJI Surya Kant proposed that the judiciary must operate round the clock, akin to hospitals, to better serve the public's needs. This call for modernization emphasizes technological integration in the legal system.
FeaturedThe Supreme Court expressed reservations about its previous ruling denying bail to Umar Khalid, affirming that bail should be the default in UAPA cases. The Court's recent decision grants bail to another accused, potentially shifting the landscape of judicial precedence in similar cases.
FeaturedThe ITAT Delhi ruled that reassessment based solely on Revenue Audit objections, without new tangible evidence, constitutes a mere change of opinion and is thus invalid.
FeaturedThe Calcutta High Court reaffirmed the copyright amendments from 2012, emphasizing the rights of authors in light of recent cases involving sound recordings. The ruling highlights the economic benefits intended for authors in the copyright regime.
FeaturedSEBI has proposed significant amendments to the regulatory framework for exchange-traded derivatives, aiming to simplify compliance norms and eliminate outdated provisions through a consolidated consultation paper.
FeaturedIn a significant policy shift, SEBI has clarified that Infrastructure Investment Trusts (InvITs) can now exceed 49% loan-to-value (LTV) ratios for capital expenditure and debt refinancing. This circular is expected to enhance financial flexibility for infrastructure trusts.
FeaturedSEBI has published a revised Master Circular that consolidates surveillance-related directives aimed at ensuring compliance among stock exchanges, listed companies, intermediaries, and fiduciaries. Key enhancements include stricter insider trading compliance measures and automated restrictions on trading windows.
FeaturedThe Telangana High Court has declined to grant interim protection from arrest to Bandi Sai Bageerath in a POCSO Act case, reserving its verdict after a late-night hearing.
FeaturedThe Supreme Court has ruled that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against both the principal debtor and its corporate guarantor are permissible under Section 60(2) of the IBC. This ruling supports the enforcement of banking rights in insolvency scenarios.
FeaturedGautam and Sagar Adani have consented to an $18 million penalty by the SEC regarding misleading statements, while not admitting to the allegations.
FeaturedThe Supreme Court dismissed Byju Raveendran's appeal related to the NCLAT's decision and instructed an expedited inquiry against the Interim Resolution Professional (IRP). The Court emphasized the necessity for the ongoing investigation to proceed without delay.