AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Institute of Chartered Accountants of India (ICAI) has announced an extension to the bulk Unique Document Identification Number (UDIN) facility, enabling CAs to generate multiple UDINs for tax audits and assurance work.
NCLT admitted Canara Bank's insolvency plea of ₹119.64 crore, stating that the pending Corporate Insolvency Resolution Process (CIRP) for the principal borrower does not impede seeking insolvency against a corporate guarantor.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) after bank records established financial debt and default. This plea involved a total financial claim of ₹11.83 crore.
The Reserve Bank of India has imposed a monetary penalty of ₹2.03 lakh on Jai Bhawani Sahakari Bank for failing to adhere to KYC guidelines. This penalty is part of the RBI's efforts to ensure compliance among financial institutions.
The Reserve Bank of India will hold a second Variable Rate Reverse Repo auction on September 1, 2026, with a notified amount of ₹4,00,000 crore for a one-day tenor. The auction will take place from 11:00 AM to 11:30 AM.
The Delhi High Court's appointment of an amicus curiae for Vivek Oberoi poses questions about the role of amicus and procedural integrity in civil suits.
The Bombay High Court clarifies the relationship between disobedience of court orders and the consequences that follow in KVIC v. Jaishukh N. Bhuta.
The ITAT Delhi has struck down a Section 263 revision against Mukul Rohatgi, citing lack of jurisdiction by the PCIT and a plausible ALV view by the AO.
The ITAT Rajkot quashed the reassessment for AY 2020-21 and deleted a ₹5.40 crore addition due to defective sanction and lack of nexus.
The SAFEMA Tribunal upheld a ₹8.28 lakh PMLA attachment, determining that merely claiming victimhood without supporting bank statements is insufficient to challenge the attachment.
The Food Safety and Standards Act, 2006 sets the legislative framework for food safety regulations in India. It emphasizes a science-based, risk-proportionate approach to ensure public welfare in food manufacturing and distribution.
Karnataka Home Minister Priyank Kharge and Mohammed Nalapad were granted bail by a Bengaluru court in a defamation complaint against RSS. The court classified the alleged offence as bailable.
The ITAT has ruled that a delay in submitting Form 3CL cannot deny a research and development deduction of ₹3.97 crores, remanding the assessment of a ₹39.66 crore loss for further verification.