AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has issued comprehensive guidelines for banks regarding the detection, reporting, and monitoring of counterfeit Indian currency notes. This is part of a broader initiative to combat counterfeit currency circulation.
The Reserve Bank of India has issued a circular on the implementation of Section 51A of UAPA, 1967 related to amendments in the UNSC 1988 (2011) Taliban sanctions list. This directive emphasizes compliance among financial institutions to adhere to international sanction frameworks.
RBI issues directions for banks regarding the detection, reporting, and monitoring of fake Indian currency notes (FICNs). These directions aim to enhance the banking sector's response to counterfeit note issues.
The Calcutta High Court has provided interim protection to TMC MP Mahua Moitra against police action regarding a hate speech case, following her plea to quash criminal proceedings.
A Chandigarh court has refused bail to a Hyderabad man charged with sharing a scandalous tweet about Prime Minister Modi, citing potential for public disturbance. The court emphasized the seriousness of the allegations against the accused.
The SAFEMA Tribunal has upheld the attachment of ₹7.93 crore under the PMLA in a significant adverse ruling for Manik Bhattacharya. The Tribunal dismissed appeals, reinforcing the necessity for robust evidence in financial investigations.
The SAFEMA Tribunal has set aside a PMLA attachment order involving a Director's wife due to insufficient reasoning in the initial findings, remanding the case for further investigation. This decision emphasizes the need for transparent reasoning in financial enforcement actions.
The Chhattisgarh High Court has granted conditional bail in a ₹5 lakh online fraud case, taking into account the accused's prior custody and parity with co-accused.
The Kerala High Court ruled that a pillion rider injured in a motorcycle accident is entitled to compensation despite the rider's negligence. The court emphasized that innocent guests cannot be held responsible.
The Punjab and Haryana High Court ruled that insolvency proceedings do not exempt directors from prosecution under Section 138 of the NI Act for cheque bounce cases. The court dismissed a petition seeking immunity for directors.
The Delhi High Court upheld a conviction under Section 138 of the Negotiable Instruments Act, stating that an unsupported claim regarding a blank cheque does not negate statutory presumptions.
The Madurai Bench of the Madras High Court directed two women police officers to pay ₹1,00,000 each as compensation for not registering an FIR in a dowry demand case. This ruling emphasizes accountability for police actions regarding sensitive matters.
The Gauhati High Court acquitted an officer convicted under the Prevention of Corruption Act, citing insufficient evidence from the CBI to establish disproportionate assets. The decision reaffirms the principle of burden of proof in criminal cases.