AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The IBBI has suspended an Insolvency Professional for two years due to failures in asset valuation and disclosure during the Corporate Insolvency Resolution Process, emphasizing accountability in the field.
The Calcutta High Court dismissed a plaint challenging an NCLT-ordered valuation, stating a lack of territorial jurisdiction and statutory bar. This development emphasizes the importance of jurisdictional considerations in corporate law.
The Reserve Bank of India has levied monetary penalties on several co-operative banks for non-compliance with regulatory directives. This includes penalties on The Nawada Central Co-operative Bank and others for KYC-related lapses.
Anjali Tripathi examines the legal sustainability of the government's takedown of Satluj from ZEE5, raising significant questions about Section 69A and copyright implications for access to culture.
The Gujarat High Court has quashed a Section 148 notice, determining that the seized broker register entry did not establish a live nexus with the petitioner. This ruling emphasizes the necessity for a clear link in tax assessments.
The ITAT Delhi has restored an addition under Section 44ADA for re-examination after finding that correct GSTR figures and supporting evidence had not been considered initially. This sharpens the focus on accurate reporting.
The ITAT Bangalore ruled that gross profit cannot be estimated merely by averaging previous years' figures without rejecting the books of account. This ruling underscores the necessity of proper justification for gross profit assessments.
The Supreme Court has dismissed petitions from West Bengal Madrasa teachers and staff seeking regular appointment and funding under a state grant scheme. The decision is significant for educational staffing issues.
Under India's Data Protection and Digital Privacy Act (DPDP), organizations are required to provide clear, specific, and updated privacy notices. This marks a shift from generic policies to dynamic communication reflecting actual data practices.
The latest auction results for Government Stock indicate competitive bids and cut-off prices, providing valuable insights into market conditions and investor sentiment.
The Reserve Bank of India has scheduled an auction for Government Treasury Bills with various maturities. This includes 91-Day, 182-Day, and 364-Day Treasury Bills, with significant amounts set for auction.
The Reserve Bank of India announces an auction for State Government Securities amounting to ₹24,800 Crore. This includes various securities offered by multiple state governments.
The continuation of discussions around legal deposit illustrates its crucial role in the copyright framework, addressing historical and contemporary challenges.