RBI Imposes Penalty on Appnit Technologies for KYC Non-Compliance
The RBI imposed a ₹5.80 lakh penalty on Appnit Technologies for KYC non-compliance, reinforcing regulatory adherence in financial practices.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI imposed a ₹5.80 lakh penalty on Appnit Technologies for KYC non-compliance, reinforcing regulatory adherence in financial practices.
The RBI has scheduled an auction for a Variable Rate Repo of ₹100,000 Crore on May 18, 2026, reflecting ongoing liquidity reviews.
The Calcutta High Court has reaffirmed the continuing rights of authors under the copyright amendments of 2012. The ruling clarifies the rights of authors in relation to sound recordings, reinforcing their economic entitlements.
Zee Entertainment has filed a lawsuit against Nykaa, seeking damages of INR 2 crores for the alleged unauthorized use of copyrighted songs in Instagram reels. This case highlights the ongoing struggles related to copyright enforcement in the digital marketing space.
The Delhi High Court, in Blackberry v. Controller, reiterated the ambiguous nature of Section 3(k) of the Indian Patents Act. The court emphasized the ongoing confusion surrounding the patentability of specific inventions under this provision despite the recent CRI Guidelines.
The Supreme Court upheld previous rulings on the classification of quicklime, affirming that it falls under CTH 2522 based on purity standards.
The Madras High Court has permitted Nidhi companies to submit fresh replies against NDH-4 rejection orders, mandating that authorities reconsider these applications after granting a hearing. The court left open the challenge to the validity of the amended provisions.
AAP Minister Sanjeev Arora challenged the legality of his arrest by the ED, questioning procedural adherence in court.

The Karnataka High Court directed the removal of defamatory AI-generated content aimed at Dr. Veerendra Heggade, head of Dharmasthala temple.

The Karnataka High Court directed the ED to provide justification for the arrests of Gameskraft founders. The Court is reviewing the legality of their May 8 detention.

The Madras High Court restored a writ petition concerning the EPF Board's decision in the Poppys Knitwear case, setting aside the single-judge dismissal and allowing for adjudication on merits. This decision opens the door for further legal challenge against the tribunal's reversal.
The Reserve Bank of India has revised its Responsible Business Conduct Directions for Regional Rural Banks to enhance ethical standards.
The Reserve Bank of India has issued the Second Amendment Directions for credit risk management focusing on Non-Banking Financial Companies, aimed at curbing financial instability.