AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The second part of the analysis on legal deposit in copyright law continues to explore India's efforts to promote public access to books and knowledge. It evaluates historical developments and current frameworks.
The latest SpicyIP Weekly Review details significant developments, including competition results and emerging topics in IP law, emphasizing the evolving landscape of legal discourse.
The Bombay High Court has denied Atyati Technologies' request for interim relief against Cognizant concerning trademark issues related to the 'C' logo, citing a lack of evidence for copyright infringement.
The RBI's Integrated Ombudsman Scheme introduces a systematic and cost-free approach for resolving customer complaints against regulated entities, enhancing consumer protection mechanisms.
The NCLAT upheld the initiation of insolvency proceedings against a guarantor based on the loan agreement alone, validating that the signature suffices despite the absence of a formal deed.
The NCLAT confirmed that a liquidator is permitted to initiate civil proceedings following the termination of a Joint Development Agreement (JDA), affirming the need for civil adjudication in such disputes.
The NCLT clarified that any restructuring of equity capital must adhere strictly to the Companies Act and SEBI regulations, and cannot be conducted through IBC proceedings.
The NCLT ruled that homebuyers cannot reactivate delayed claims after the approval of the resolution plan, reaffirming that ignorance of the Corporate Insolvency Resolution Process (CIRP) is not a valid excuse.
The NCLT dismissed the liquidator’s application on preferential and fraudulent transactions due to the failure of service notice to the suspended management as mandated under the IBC.
The NCLT clarified that perjury jurisdiction is reserved for deliberate falsehoods and cannot be invoked for minor pleading defects, especially when the financial position is correctly represented.
The Reserve Bank of India has released Third Amendment Directions for Small Finance Banks regarding customer liability in electronic banking.
The Reserve Bank of India has issued Second Amendment Directions for Payments Banks addressing limitations on customer liability in unauthorized electronic banking transactions.
The Reserve Bank of India issues Third Amendment Directions for Local Area Banks focused on customer protection in electronic banking.