AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
ROC Coimbatore has imposed a ₹3.5 lakh penalty for failing to appoint an Internal Auditor under Section 138, highlighting the criticality of compliance with internal governance standards.
ROC Cuttack has imposed an ₹8 lakh penalty for the failure to appoint required Independent Directors under Section 149 of the Companies Act, reflecting the regulatory emphasis on corporate governance.
A penalty of ₹4.5 lakh has been imposed by ROC Kolkata for the non-filing of Form CSR-2, underscoring the importance of compliance with CSR requirements.
The Reserve Bank of India has updated its guidelines for Non-Banking Financial Companies regarding responsible business conduct, focusing on recovery agent engagement.
The Reserve Bank of India has released the Third Amendment Directions concerning Housing Finance Companies, emphasizing changes in the engagement of recovery agents.
The Calcutta High Court has set aside injunction orders related to share buybacks due to a lack of documented reasoning in the decisions. This ruling emphasizes the necessity of providing clear rationale in injunction orders.
The Competition Commission of India has closed its case against Maharashtra PWD, citing a lack of prima facie evidence for anti-competitive behavior related to specifications. This decision underscores the need for substantive evidence in competition law cases.
The National Company Law Tribunal has directed the admission of a financial creditor's claim where service dues were settled through an allotment of a commercial unit. This ruling highlights the inclusion of non-cash settlement methods in the recognition of financial debts.
Preliminary data on India's balance of payments for June 2026 highlights a significant current account deficit.
The RBI has announced the auction of Government of India Treasury Bills with a total notified amount of ₹24,000 Crore to be conducted on August 19, 2026.
The RBI announced the redemption price for premature redemption of the Sovereign Gold Bond 2021-22 Series V, with a due date on August 17, 2026. The redemption price will be determined based on the simple average of closing prices.
The analysis examines the evolving landscape of Section 3(m) of the Patents Act against European Patent Law, highlighting the increasing litigation activity surrounding this previously underutilized provision. The paper questions the validity of direct comparisons between these two legal frameworks.
The Bombay High Court quashed criminal prosecution under Section 276CC for ITR default as the petitioner demonstrated entitlement to a refund and that no revenue loss was caused. This marks a significant interpretation of tax compliance norms.