AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Coöperatieve Rabobank U.A. has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934, marking significant changes in its regulatory status. This change necessitates attention from legal practitioners in the banking sector.
A monetary penalty of ₹7 lakh has been levied on Sangli District Central Co-operative Bank Ltd. by the RBI for violations of the Banking Regulation Act. This highlights ongoing regulatory enforcement to ensure compliance within the banking sector.
The RBI has imposed a monetary penalty of ₹10.10 lakh on Raigad District Central Co-operative Bank Ltd. for contravening provisions of the Banking Regulation Act. This penalty reflects strict regulatory oversight in the banking sector, emphasizing compliance with RBI directives.
The Himachal Pradesh High Court's decision in SML Limited v. M/S Happy Agro Chemicals clarifies issues of jurisdiction in patent infringement cases, emphasizing the importance of substantial connections to the forum.
Recent comments submitted to the CDSCO highlight ongoing issues with brand name extension practices in India. The discourse around these policies has seen limited public engagement, which raises significant concerns.
The Madras High Court has dismissed a writ petition, ruling that ITC benefits under Section 16(6) cannot be claimed if they are time-barred under Section 16(4) on the cancellation date.
The Telangana High Court has permitted a taxpayer to file a delayed appeal against GST assessments, allowing for a statutory pre-deposit and condonation of delay under Section 74 due to the illness of the taxpayer's Chartered Accountant.
The RBI has announced the due date for FLA returns as July 31, 2026, and outlined procedures for the FLAIR platform. There is a late fee of ₹7,500 for late submissions.
The RBI has extended its directives under the Banking Regulation Act to The Irinjalakuda Town Co-operative Bank Ltd., maintaining oversight until January 30, 2026. This extension is part of regulatory efforts to ensure stability amid ongoing issues.
The RBI announced the results of an auction for State Government Securities, with a total of ₹18,100 crore being raised by various states. This move is an important part of states' financing strategies.
A new copyright amendment bill is reportedly on the horizon, but the lack of public consultation raises concerns among stakeholders. This situation highlights the need for transparency in legislative processes.
RBI's draft guidance outlines regulatory expectations for data governance, inviting public comments due by August 17, 2026.
The RBI has issued guidelines regarding the Foreign Liabilities and Assets (FLA) return filing, detailing the due date of 31 July 2026 and associated procedures.