AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has clarified that clients of Discretionary Portfolio Management Services can pledge their securities under certain conditions, affecting compliance in asset management.
The RBI has issued the Third Amendment Directions for Non-Banking Financial Companies, focusing on responsible lending practices and the conduct of recovery agents. This supports the regulatory body's commitment to consumer protection.
The RBI has issued the Third Amendment Directions to Housing Finance Companies, outlining new instructions on the engagement of recovery agents. This aligns with the RBI's ongoing reforms in the housing finance sector.
A detailed guide explaining the CBI-ED nexus along with 31 FAQs related to predicate offences, PMLA investigations, and more.
The IBBI has released draft guidance on fraudulent CIRP initiation, highlighting implementation gaps in existing practices.
The Supreme Court upheld the CESTAT ruling granting service tax relief for mining rights before 2016, denying Revenue's appeal for interference.
The Delhi Court's order to attach movable assets of lawyer Mehmood Pracha has been challenged to the Supreme Court, which will decide based on precedents relating to legal costs and asset attachment.
The Reserve Bank of India (RBI) held a Variable Rate Reverse Repo (VRRR) auction on August 25, 2026, accepting ₹98,516 crore of offers out of ₹1,75,000 crore notified. The cut-off and weighted average rate were set at 5.24%.
The Delhi High Court appointed an amicus curiae to represent Vivek Oberoi after his counsel's withdrawal. This raises questions about the role of an amicus curiae and potential consequences for plaintiffs in civil suits.
The Madras High Court has upheld the rectification of inadvertent GSTR-1 errors for fiscal year 2017-18, dismissing the Revenue's appeal. This ruling highlights the need for flexibility in tax compliance due to software limitations.
India has amended its Foreign Direct Investment (FDI) regulations, introducing a 10% non-controlling beneficial ownership test that aims to clarify and streamline investment approvals for foreign investors. This change updates land-border rules and reduces uncertainty for global investors.
The Supreme Court has referred the matter concerning pre-deposit conditions in arbitration agreements to the Chief Justice of India. The bench highlighted the potentially suppressive nature of high pre-deposit requirements on claims.
The Gujarat High Court has granted interim relief against the cancellation of an IBBI IP registration. The court has raised concerns regarding the participation of an investigator in the disciplinary committee reviewing the registration.