AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The GST exemption on notebooks creates an inverted duty structure, affecting Indian MSMEs negatively against low-cost ASEAN imports. This article examines the implications for domestic manufacturers.
The NCLAT has set aside a Corporate Insolvency Resolution Process (CIRP) initiated based on defaults occurring during the COVID-19 period, reflecting statutory restrictions on insolvency filings during this period.
The National Company Law Appellate Tribunal (NCLAT) has set aside a resolution plan worth ₹135 crores, citing that the de-notification of Special Economic Zone (SEZ) land was incomplete and lacked necessary consents. This ruling emphasizes the importance of satisfying all legal requirements for land-use changes.
The Competition Commission of India has closed its antitrust investigation into Google following a statutory ban on online gaming. The CCI's decision reflects the impact of legislative changes on antitrust inquiries.
The RBI is conducting a comprehensive review of circulars issued under the Foreign Exchange Management Act (FEMA) since June 2000. The initiative aims to simplify and rationalise the regulatory framework for authorised persons.
The Delhi High Court reviewed jurisdictional issues related to an IP dispute between Hindustan Unilever and Kwick Living, highlighting the complexity of territorial jurisdiction in the digital age.
The Calcutta High Court ruled that hotels must obtain IPRS licenses to broadcast music in guest rooms, emphasizing copyright compliance in hospitality operations.
A CBI Court has convicted a bank manager and several borrowers for their involvement in a ₹2.82 crore cheating case related to CGTMSE loans. The decision highlights ongoing enforcement against financial fraud.
The Bombay High Court has quashed the Enforcement Directorate's freeze on ₹100 crore worth of assets belonging to Coda Payments, ruling that the ED did not comply with the mandatory provisions of the Prevention of Money Laundering Act.
The NCLAT has set aside a CIRP application, ruling that defaults alleged during the COVID-19 lockdown phase are protected from insolvency actions under statutory restrictions.
NCLAT has struck down notices issued to the ED and CBI by the NCLT, concluding that statutory compliance in issuing such notices was not met.
The NCLAT dismissed a claim of ₹18.85 crores against a corporate debtor due to lack of banking proof and absence of a valid memorandum of understanding (MoU) to establish financial debt.
The NCLAT has invalidated a ₹135 crore resolution plan as the de-notification process of the SEZ was found incomplete. The absence of GIDC’s consent rendered the proposed changes in land use unviable.