AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Supreme Court has upheld the requirement of disclosing hash values for electronic evidence, emphasizing their role in ensuring authenticity and integrity under the Bharatiya Sakshya Adhiniyam.
The Delhi High Court determined that a company with a turnover of ₹86 lakh cannot be equated with American Express’s ₹782 crore turnover for transfer pricing analysis. The ruling underscores the importance of scale in financial comparisons.
The Karnataka High Court has remanded the challenge against the retrospective amendment of Section 147A of the Income Tax Act back to a single judge for consideration. The assessee has been granted four weeks to explore the validity of the amendment, while the Revenue has three weeks for a response.
The NCLT has ruled that corporate guarantors cannot evade the Corporate Insolvency Resolution Process (CIRP) even when there are ongoing proceedings against the principal borrower. This emphasizes the legal liabilities of corporate guarantors under the Insolvency and Bankruptcy Code (IBC).
The RBI has updated its responsible business conduct directions for regional rural banks, focusing on compliance and ethical practices.
The RBI has released a second amendment to the Credit Risk Management Directions for Non-Banking Financial Companies to bolster their risk management practices and compliance frameworks.
The RBI has amended directions for credit risk management in rural cooperative banks, enhancing their regulatory framework and compliance requirements.
The RBI has implemented an amendment to the directions concerning the resolution of stressed assets across all India Financial Institutions, aimed at improving asset recovery processes.
The Reserve Bank of India has updated its Credit Risk Management Directions for Regional Rural Banks, stipulating new compliance requirements to enhance financial stability.
The RBI has issued new directions regarding the disbursement of government pensions through Agency Banks, emphasizing the importance of adherence to defined procedures and accountability. These directions are crucial for effective pension fund management.
The Reserve Bank of India has released detailed directions concerning the conduct and oversight of government business by Agency Banks, emphasizing payment of agency commission. These guidelines aim to enhance operational efficiency and accountability.
The RBI has commenced its annual survey on computer software and IT services exports for 2025-26, aiming to gather critical data on the sector's performance. This survey will support the compilation of India's external sector statistics.
The Reserve Bank of India has initiated its annual survey to gather data on the foreign liabilities and assets of mutual funds for the financial year 2025-26. This data collection will aid in India’s external sector statistics compilation.