AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Karnataka High Court dismissed an excise demand citing lack of scientific basis, confirming that clandestine removal of goods cannot be established by mere power consumption analysis.
The CESTAT ruled that voyage charter contracts for coastal goods are categorized as transportation services rather than tangible goods supply, impacting taxation perspectives.
The Reserve Bank of India has issued third amendment directions regarding responsible business conduct for commercial banks, focusing on customer protection in unauthorized electronic banking transactions.
The Reserve Bank of India has released third amendment directions for small finance banks focusing on customer protection in unauthorized electronic banking transactions.
The Reserve Bank of India has made second amendment directions to enhance responsible business conduct for payments banks regarding customer protection in unauthorized electronic banking transactions.
The Reserve Bank of India has updated its third amendment directions for local area banks on customer protection in electronic banking transactions.
The Reserve Bank of India has issued third amendment directions for regional rural banks regarding customer protection in unauthorized electronic banking transactions.
The Reserve Bank of India has released third amendment directions for urban co-operative banks focusing on customer protection in unauthorized electronic banking transactions.
The Reserve Bank of India has issued third amendment directions concerning responsible business conduct for rural co-operative banks, focusing on customer protection in electronic banking transactions.
The Reserve Bank of India has modified reporting requirements under FEMA, 1999, streamlining the obligations of authorized persons. This change aims to enhance regulatory compliance.
ICSI has urged the Ministry of Corporate Affairs to enforce compliance with Section 203 for Whole-time CS appointments, stressing the importance of corporate governance.
The Calcutta High Court affirmed the NCLT's authority to transfer winding-up proceedings suo motu, underlining judicial discretion when proceedings haven't reached irreversible stages.
The NCLT ruled that consent letters are insufficient to forgo the secured creditors' meeting. It mandated the meeting convening while allowing other stakeholder meetings to proceed based on affidavit consents.