GSTNtax
Gross GST Collections Rises by 13.9% in June 2026
Gross GST collections for June 2026 reached ₹1.94 lakh crore, marking a 13.9% increase driven by higher domestic and import revenues.
Jul 2, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Latest Articles
Gujarat High Courttaxconstitutional
Gujarat HC Upholds Power to Issue Post-GST Service Tax Notices but Quashes Them on Limitation
The Gujarat High Court upheld the authority to issue service tax notices post-GST but quashed those issued beyond the limitation period. The court clarified statutory remedy requirements.
Jul 2, 2026Read more →
Calcutta High Courtbanking
Calcutta HC Orders Completion of 32 Banking Company Liquidation
The Calcutta High Court has mandated the liquidation of 32 banking companies within six months, requiring periodic updates to the Reserve Bank of India (RBI). This order aims to expedite the closure of these entities while ensuring regulatory oversight.
Jul 1, 2026Read more →
Calcutta High Courtcriminal
Calcutta HC Upholds PITNDPS Detention Order, Dismisses Challenge
The Calcutta High Court has upheld the detention order under the PITNDPS, ruling that delays caused by obtaining No Objection Certificates from other states were satisfactorily explained. The decision emphasizes procedural compliance.
Jul 1, 2026Read more →
NCLTcorporateinsolvency
Future Capital Infusion is Separate from Creditor Settlement
NCLT confirmed that a ₹200 crore capital infusion proposed in a resolution plan is distinct from the creditor settlement, thereby approving Hind Agro's plan under the IBC.
Jul 1, 2026Read more →
NCLTcorporatebanking
Bank’s Unilateral Transfer Does Not Constitute Preferential Transaction
NCLT ruled that a bank appropriating a corporate debtor's funds cannot be defined as a preferential transaction absent the debtor's action indicating preference. This sheds light on creditor recovery measures.
Jul 1, 2026Read more →
NCLTcorporatebanking
Avoidance Relief under IBC Requires Proof of Preference by Debtor
NCLT ruled that a unilateral bank transfer does not qualify as a preferential transaction absent evidence of preference by the corporate debtor. The tribunal dismissed a claim against Sintex Industries on these grounds.
Jul 1, 2026Read more →
bankingconsumer
Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Third Amendment Directions, 2026
The RBI has issued new guidelines for Small Finance Banks to promote consumer protection in unauthorized electronic transactions.
Jul 1, 2026Read more →
bankingconsumer
Reserve Bank of India (Payments Banks - Responsible Business Conduct) Second Amendment Directions, 2026
The RBI has issued updated guidelines for Payments Banks concerning customer protection in unauthorized electronic transactions.
Jul 1, 2026Read more →
bankingconsumer
Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Third Amendment Directions, 2026
The RBI's new directions enhance customer protection for Local Area Banks regarding unauthorized banking transactions.
Jul 1, 2026Read more →
bankingconsumer
Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Third Amendment Directions, 2026
The RBI has issued guidelines for Urban Co-operative Banks addressing consumer protection in unauthorized transactions, consolidating previous directives.
Jul 1, 2026Read more →
bankingconsumer
Reserve Bank of India (Rural Co-operative Banks - Responsible Business Conduct) Third Amendment Directions, 2026
The RBI has issued guiding principles for Responsible Business Conduct concerning unauthorized electronic transactions by Rural Co-operative Banks, enhancing consumer protection measures.
Jul 1, 2026Read more →
Supreme Court of Indiacorporate
FAQs on Quarterly Integrated Filing by Listed Entities Released by NSE
NSE provides FAQs to clarify issues related to the Quarterly Integrated Filing Governance reports, ensuring compliance with SEBI’s framework.
Jul 1, 2026Read more →