AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Calcutta High Court has issued a stay on coercive actions by tax authorities against the petitioner concerning time-barred reassessment proceedings. This decision underscores the significance of adherence to statutory time limits.
NCLAT maintains that supply dues between consortium partners are actionable under IBC, reinforcing the status of such obligations as operational debt. This ruling strengthens the position of suppliers in corporate insolvency processes.
The NCLT Mumbai has ordered a director to refund rental income that was diverted through forged lease agreements, mandating the amount to be returned with 12% interest. This decision highlights the tribunal's stance against fraudulent conduct and its implications for corporate governance.
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a three-year suspension on an insolvency professional for failing to disclose a conflict of interest during the resolution of a RERA-linked scheme. This highlights the regulatory body's commitment to uphold ethical standards in insolvency management.
The National Company Law Appellate Tribunal (NCLAT) has ruled that financial proposals in the Corporate Insolvency Resolution Process (CIRP) cannot be altered after the challenge process begins. This prevents any post-bid modifications that could undermine the resolution process.
The Reserve Bank of India has introduced the Foreign Exchange Management (Authorised Persons) Regulations, 2026, to streamline the authorization framework for foreign exchange services.
The Reserve Bank of India has released a framework facilitating outward remittance services by non-bank entities through Authorized Dealer banks. This aims to streamline compliance and service delivery in foreign exchange.
The Reserve Bank of India has updated its data on sectoral deployment of bank credit as of March 2026, showing significant growth in non-food credit.
The Reserve Bank of India has announced an auction for state government securities amounting to ₹18,600 Crore, allowing states to raise funds for various projects.
The final redemption price for the Sovereign Gold Bond 2018-19 Series-I, due on May 4, 2026, has been announced by the Reserve Bank of India, calculated based on gold prices.
The Delhi High Court addresses procedural complexities in Castrol v Sonavane, exploring Order II Rule 2 and its implications for IP disputes.
The Academy's 'Dollar Rule' delineates ownership of Oscars, intertwining contract and IP law, sparking questions on similar restrictions in Indian courts.
An observer from India discusses key themes on copyright enforcement and classification in the gaming industry, highlighting the need for jurisdictions to adapt to evolving IP challenges.