AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has consolidated instructions for responsible business conduct in Rural, Urban, and Regional Co-operative Banks regarding customer protection in unauthorized electronic banking transactions.
The RBI has modified returns and reporting requirements under FEMA, 1999, addressing compliance provisions for Authorized Persons. This amendment aims to improve reporting measures and reflect current market practices.
The RBI has undertaken a review of circulars issued under FEMA since 2000 to streamline and rationalise the regulatory framework. This initiative focuses on restructuring outdated regulations and improving operational efficiency.
SEBI has proposed amendments to the Municipal Debt Securities Regulations to enhance retail investor participation through incentives and modernized frameworks.
Polycab India Limited has entered into a group captive arrangement for renewable power procurement with Continuum Green Energy, facilitated by Economic Laws Practice.
The NCLAT ruled that factoring trade receivables does not convert operational debts into financial debts, affirming the distinction in categories of debt.
The Kerala High Court ruled against directing a parallel investigation into Byju's as the matter is already under the Karnataka High Court's consideration.
RBI imposes a monetary penalty on GIC Housing Finance Limited for KYC violations.
The RBI conducted a Variable Rate Repo (VRR) auction on July 6, 2026, raising significant liquidity.
The Karnataka High Court has refused to quash a UAPA FIR concerning a cross-border debit card funding network, affirming ED's authority under PMLA.
The CBIC has issued a circular clarifying the conditions under which customs refund or drawback claims can be processed for duties paid through duty credit scrips, addressing industry concerns.
The NCLAT has granted a 7-day window for refiling a defective insolvency petition, imposing a cost of ₹50,000 for the operational creditor.
The article critiques SEBI's reliance on investor accreditation for AIF reforms, highlighting key gaps in disclosure and oversight.