AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has updated its directions on responsible business conduct for all Indian financial institutions, emphasizing ethical practices and compliance within the banking sector. This initiative is part of broader regulatory reforms aimed at improving financial stability.
The Reserve Bank of India has amended directions pertaining to credit risk management for all India financial institutions, focusing on effective risk assessment and management strategies. This amendment aims to address current challenges in the financial sector.
Zee Entertainment has filed a lawsuit against Nykaa for allegedly using copyrighted music in Instagram reels without permission, demanding INR 2 crores in damages. This case underscores ongoing tensions in social media copyright practices among brands and content creators.
The Delhi High Court has ruled in favor of Anil Kumar Tiwari, highlighting the complex intersection of personality rights and IP law in India. This decision underscores challenges faced by jurisprudence in personality rights amidst evolving social commentary and meme culture.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) due to the failure of an OTS proposal, emphasizing the necessity of compliance and timely payments.
The Delhi High Court has ruled that private unaided recognized schools can raise fees without prior government approval if declared before the academic session. This ruling impacts school management practices across the region.
The Companies Act, 2013 mandates that most public and private companies issue and transfer securities only in dematerialised form, enhancing transparency. This implementation aims to minimize fraud and simplify ownership records.
The Insolvency and Bankruptcy Board of India (IBBI) has amended the PPIRP rules to ensure enhanced oversight on registered valuers and provide clearer frameworks for fair and liquidation values.
The Supreme Court upheld the Delhi High Court's ruling that unutilized MODVAT credit constitutes actual payment under Section 43B. This decision solidifies the interpretation of credit utilization in tax liabilities for businesses.
The NCLAT confirmed that post-liquidation settlements must follow a Section 230 scheme of the Companies Act, ruling that Section 12A cannot apply after liquidation proceedings have initiated. This reinforces the integrity of the liquidation process.
The Reserve Bank of India has amended guidelines on credit risk management for Non-Banking Financial Companies (NBFCs), addressing the evolving financial landscape.
The Reserve Bank of India has amended credit risk management guidelines targeting Rural Cooperative Banks, enhancing their operational framework amidst new financial realities.
The Reserve Bank of India has issued amendment directions focusing on the resolution of stressed assets for all India financial institutions, refining their operational strategies.