AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Kerala High Court has dismissed AVT McCormick's claim for a refund of Rs. 49.54 lakhs citing failure to establish transitional Input Tax Credit claims.
Karnataka High Court has authorized the sale of seized goods under Section 129(6) of the KSGST Act, contingent upon the owner's failure to pursue appellate remedies.
The Karnataka High Court has affirmed that hydraulic oil qualifies as a taxable petroleum product under state tax provisions, which has significant implications for businesses dealing with such commodities.
The Income Tax Appellate Tribunal has restricted a Rs. 1.80 crore addition under Section 68 for a hospital during the demonetisation period to a maximum of Rs. 5 lakh, citing insufficient evidence for the larger claim.
The CESTAT Chennai has upheld the reclassification of Lauric Acid under CTH 29159090, denying the claimed customs exemption. This decision highlights the importance of accurate classification in customs matters.
SEBI has proposed to exempt eligible listed issuers from needing to appoint a merchant banker for small-value debt private placements of Rs. 10,000.
SEBI has extended the implementation date for revised ETF trading norms to September 7, 2026. This extension affects the base price, price bands, and conduct of pre-open call auctions.
The NCLT Bengaluru has sanctioned the amalgamation scheme between Aureustech Systems and Happiest Minds Technologies, effective from April 1, 2026, subject to statutory compliance and undertakings.
The NCLT Chennai has sanctioned TVS Holdings’ scheme to issue 46 bonus preference shares for each equity share. This approval is subject to compliance with statutory directions.
The Central Consumer Protection Authority has imposed a fine on Pladis for making misleading claims about its whole wheat biscuits, emphasizing the importance of truthful advertising.
The IRDAI health insurance sub-committee has recommended reforms aimed at simplifying insurance policies and expediting the claims process.
The Jammu and Kashmir High Court has ruled that cheque bounce complaints cannot be quashed midway when there are disputed facts, affirming the necessity for a trial to resolve such issues.
The RBI has reported the results of the VRRR auction conducted on August 31, 2026, with total offers received amounting to ₹1,34,625 crore. The auction accepted bids at a cutoff rate of 5.24%.