AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
RBI directs financial institutions to amend their records and enforce asset freezes on three newly designated individuals under the UNSC 1267/1989 ISIL (Da'esh) & Al-Qaida sanctions regime via UAPA Section 51A.
RBI notifies financial entities of amendments to five entries in the UN's 1988 Taliban sanctions list pursuant to Section 51A of the UAPA, 1967, requiring immediate compliance with asset-freeze obligations.
Allahabad High Court rules that prosecution under Section 138 NI Act fails if cheque was stolen.
Jharkhand High Court quashed a Section 138 NI Act complaint due to lack of proof of demand notice service.
Allahabad High Court directs Uttar Pradesh to pay ₹1.25 lakh compensation for five-day illegal detention, citing investigating officer's "arrogance of authority".
Samajwadi Party leader Azam Khan has approached the Supreme Court against his immediate arrest by the ED after being granted bail and released from jail in a dual PAN card case by the Allahabad High Court.
The RBI has notified the removal of three entries from the UNSC ISIL and Al-Qaida sanctions list under Section 51A of the UAPA, 1967. Financial institutions may unfreeze assets subject to due verification and reporting.
The RBI has updated financial institutions on amendments to the UNSC's ISIL (Da'esh) and Al-Qaida sanctions list, adding three entries under Section 51A of the UAPA, 1967. Entities must freeze assets and cease financial dealings with listed individuals.
The Reserve Bank of India has directed all financial institutions to amend entries in the UNSC 1988 Taliban sanctions list under Section 51A of the UAPA, 1967. Five entries have been updated, requiring immediate compliance from regulated entities.
SAFEMA Tribunal affirms ED’s PMLA attachment despite Indian bank mortgage, citing lack of registration and due diligence.
Calcutta HC held that a mere GD entry reporting a lost cheque is insufficient to rebut the statutory presumption under Section 139 of the NI Act without independent corroboration.
Calcutta High Court ruled that a proprietary concern lacks independent legal identity, so omission to array trade name as accused under Section 138 NI Act is not fatal to prosecution.
SAFEMA Tribunal rules that a mortgage in favour of an Indian bank does not override PMLA attachment if the property is deemed proceeds of crime.