AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has unveiled the Third Amendment Directions for Urban Co-operative Banks, focusing on interest rates for deposits. This amendment includes the temporary removal of the interest rate ceiling on new FCNR(B) deposits.
The Reserve Bank of India has released the Second Amendment Directions for Rural Co-operative Banks regarding the interest rate on deposits. This amendment updates previous guidelines and temporarily removes the ceiling on interest rates for fresh FCNR(B) deposits.
NCLAT has ruled that unregistered defaults with an Information Utility do not preclude the admission of Section 7 applications under the Insolvency and Bankruptcy Code, based on valid loan documents.
The Kerala High Court has overturned an earlier order regarding ICICI Bank's Section 14 SARFAESI application. The court directed fresh consideration, ruling the previous order functus officio and highlighting the need for adherence to procedure.
The Delhi High Court has dismissed a writ petition challenging the Enforcement Directorate's attachment of ₹18.10 crores under the Prevention of Money Laundering Act. The court emphasized the availability of statutory remedies to the petitioner.
The Reserve Bank of India (RBI) has announced an Overnight Variable Rate Reverse Repo (VRRR) auction on August 27, 2026. The notified amount for this auction is set at ₹200,000 crore with the auction window open from 9:30 AM to 10:00 AM.
The Delhi High Court appointed an amicus curiae to represent Vivek Oberoi’s interests after his counsel withdrew, raising questions about the role of amicus in civil suits pertaining to publicity rights.
The Rajasthan High Court has condoned a 101-day delay in filing a GST appeal, instructing the Appellate Authority to determine the appeal based on merits. This ruling points towards judicial leniency in procedural timelines.
The Calcutta High Court has granted Protiva permission to pursue an appeal under Section 107 of the CGST Act, acknowledging unique medical circumstances. The order showcases the court's discretion in the interest of justice.
Universal Legal has provided legal counsel to Haapki Moms Private Limited (Peeko) in a Series A fundraise. This funding will aid Peeko's growth and product offerings.
The article outlines the principles of natural justice as they apply to inquiries under the POSH Act. The focus is on ensuring fair processes in addressing sexual harassment complaints.
BigTree Entertainment, owner of BookMyShow, has secured a minority investment from KKR. The transaction was facilitated by Trilegal, which provided comprehensive legal support through various stages including negotiation and regulatory compliance.
SEBI has removed notarization requirements for Foreign Portfolio Investors (FPIs) by permitting digitally signed Power of Attorney submissions, enhancing operational efficiency.