AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Debt Recovery Appellate Tribunal (DRAT) Delhi upheld the legality of SARFAESI actions, ruling that a matrimonial dispute cannot prevent such recoveries related to mortgaged properties.
The RBI announced the redemption price for premature redemption of the Sovereign Gold Bond 2018-19 Series-V effective from July 22, 2026, in accordance with regulatory guidelines.
The ITAT ruled that a registered valuer’s report is sufficient to validate capital gains deduction claims under Section 54F of the Income Tax Act. This decision underscores the importance of substantiation in tax claims.
CESTAT Kolkata has set aside a differential customs duty demand, ruling that the self-assessment by the importer remained unchallenged due to lack of evidentiary support. The ruling strengthens the position of importers in maintaining their self-assessment rights.
The CESTAT Mumbai has set aside a revocation of a customs broker's license, finding insufficient evidence for alleged CBLR violations. This ruling emphasizes the necessity for concrete proof in regulatory actions against licensed brokers.
The RBI has levied a penalty of ₹13.30 lakh on Kolhapur District Central Co-operative Bank for non-compliance with banking regulations.
The Reserve Bank of India has imposed a monetary penalty of ₹3 lakh on United Puri-Nimapara Central Co-operative Bank for KYC non-compliance.
The RBI has announced the auction of two dated government securities totaling ₹28,000 crore, aimed at managing the country’s debt effectively.
The Reserve Bank of India will conduct a Variable Rate Repo auction aimed at managing liquidity, with a total notified amount of ₹75,000 crore for a 3-day tenor on July 21, 2026.
The recent removal of 'Satluj' from ZEE5 raises important questions about censorship, legality of takedown actions, and implications for copyright law.
The Telangana High Court permitted the filing of a fresh application for GST registration revocation after the rejection of a previous delay condonation request, directing timely consideration upon filing. This decision clarifies procedural avenues available to taxpayers.
The Calcutta High Court has authorized a borrower to file a new complaint with the RBI Ombudsman regarding the undervalued auction of his truck. The court mandated that the complaint be addressed within six weeks.
The Bar Council of India (BCI) has issued a circular imposing stringent regulations on advocates' use of social media, aimed at preventing misleading content and ensuring proper disclosure.