AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Bombay High Court ruled that auction sale certificates issued under the IBC are exempt from stamp duty, as the duty only applies if the certificate is later used for registration or other purposes. This decision clarifies the applicability of stamp duty on insolvency proceedings.
The Reserve Bank of India has published second amendment directions focusing on income recognition, asset classification, and provisioning for Commercial Banks aiming to enhance their operational resilience.
The Reserve Bank of India has released third amendment directions for Non-Banking Financial Companies regarding income recognition and asset classification to enhance financial stability.
The Reserve Bank of India has enacted second amendment directions for Urban Cooperative Banks, focusing on asset classification and provisioning measures to enhance the stability of these financial institutions.
Delhi Police refutes allegations of intrusive surveillance during protests led by the Cockroach Janata Party, asserting its actions are strictly for maintaining law and order.
The Delhi High Court has appointed Anu Grover Baliga as a special judge to expedite criminal cases related to paper leaks and unfair means in examinations.
The CESTAT Mumbai has ruled that quicklime is classified under CTH 2522, setting aside previous duty demand and penalties while confirming exemption benefits.
CESTAT Delhi held that imported quicklime with less than 98% CaO is duly classified under Chapter 25, allowing the appeal and confirming prior duties were misclassified.
CESTAT has determined that Quick Lime should be classified under CTH 2522, directing the refund of duty and interest, while setting aside previous demands for duty.
The Karnataka High Court instructed the Central Industrial Security Force to provide the complete CCTV footage from the airport to the petitioner, allowing for greater transparency in the case.
The Reserve Bank of India has imposed various monetary penalties on several cooperative and district banks for non-compliance with banking regulations. This demonstrates the RBI's commitment to enforcing banking standards.
The Government of India has announced a buyback of its dated securities for ₹20,000 crore, set to be auctioned. This move is aimed at managing outstanding liabilities and stabilizing the government’s debt profile.
The Reserve Bank of India conducted an underwriting auction on July 24, 2026, establishing the cut-off rate for underwriting commission payable to Primary Dealers. This auction pertains to additional competitive underwriting of government securities.