AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has directed regulated entities to implement updates to the UNSC 1267/1989 ISIL and Al-Qaida Sanctions List following amendments to individual entries. Compliance is mandated under UAPA, 1967.
The Reserve Bank of India has issued a notification regarding an amendment to one entry in the UNSC 1988 (2011) Taliban Sanctions List. Regulated entities must ensure strict compliance with these updated sanctions procedures under UAPA, 1967.
The Institute of Chartered Accountants of India (ICAI) reprimanded a Chartered Accountant for conducting Tax Audit Reports while holding a part-time Certificate of Practice (COP), emphasizing the need for full-time engagement.
The Central Government has notified the appointment of Chief Justices to eight High Courts, thus addressing all current vacancies. This move is aimed at enhancing the efficiency of the judiciary.
In a significant ruling, the NCLT admitted a CIRP application over a ₹2.70 crore default as the corporate debtor failed to provide documentary proof of any quality disputes regarding goods supplied.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) against a corporate debtor when WhatsApp chats and a lab report did not substantiate any pre-existing dispute regarding the operational debt. The debt was established as ₹1.96 crores, leading to this order.
The CESTAT Ahmedabad has remanded a customs broker licence revocation decision, finding that relied-upon statements were not provided, thus violating the principles of natural justice. This ruling stresses the importance of fair hearing in regulatory actions.
The Delhi High Court upheld the refusal by CESTAT to condone a 968-day delay in filing a customs appeal, concluding that there was no substantial question of law or sufficient cause to warrant the delay. This ruling reinforces the strict adherence to timelines in customs litigation.
The RBI has issued a second amendment to the directions on the interest rates applicable to rural co-operative banks' deposits, removing the previous ceiling on interest rates for fresh deposits.
The RBI announced a requirement for scheduled commercial banks, including cooperative banks and non-banking financial companies, to report relief measures for natural calamities through the Centralised Information Management System (CIMS) Portal bi-annually. This aims to enhance the monitoring of relief efforts.
The Reserve Bank of India confirmed the results of its 30-day Variable Rate Reverse Repo auction held on September 07, 2026, with a total accepted amount of ₹2,59,276 crore at a cut-off rate of 5.24%.
The Reserve Bank of India will conduct an Overnight Variable Rate Reverse Repo auction on September 07, 2026. The notified amount for this auction is ₹5,00,000 crore, reflecting the evolving liquidity conditions in the market.
New guidelines from the CGPDTM outline the integration of AI in patent examination, stressing the necessity of human oversight to mitigate risks of error.