AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Kerala High Court ruled against directing a parallel investigation into Byju's as the matter is already under the Karnataka High Court's consideration.
The Karnataka High Court ruled against quashing IPC and ED proceedings under Section 482 of the CrPC, stating that the presence of disputed facts necessitates a full trial.
RBI imposes a monetary penalty on GIC Housing Finance Limited for KYC violations.
The RBI conducted a Variable Rate Repo (VRR) auction on July 6, 2026, raising significant liquidity.
The Karnataka High Court has refused to quash a UAPA FIR concerning a cross-border debit card funding network, affirming ED's authority under PMLA.
The CBIC has issued a circular clarifying the conditions under which customs refund or drawback claims can be processed for duties paid through duty credit scrips, addressing industry concerns.
The NCLAT has granted a 7-day window for refiling a defective insolvency petition, imposing a cost of ₹50,000 for the operational creditor.
The integration of smart technology in everyday accessories raises critical legal questions about privacy and regulation. As tech giants like Meta and Oakley embrace smart glasses, the implications for legal practitioners become increasingly significant.
The Karnataka High Court ruled that a statutory first charge takes precedence over payment priorities listed in the SARFAESI Act, favoring the Telangana Tax Department in a property dispute.
The Income Tax Appellate Tribunal has held that the interest paid by Bank of Nova Scotia to the Reserve Bank of India for failing to maintain the Statutory Liquidity Ratio (SLR) is compensatory in nature and thus eligible for deduction under the Income Tax Act.
The Reserve Bank of India has updated its directions concerning customer protection in electronic banking transactions for Regional Rural Banks and Local Area Banks. This initiative is part of the broader guidelines on Responsible Business Conduct.
The Reserve Bank of India has consolidated directions for Rural and Urban Co-operative Banks regarding customer protection in electronic banking transactions. This update aims to enhance regulatory compliance across co-operative banks.
The article critiques SEBI's reliance on investor accreditation for AIF reforms, highlighting key gaps in disclosure and oversight.