AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Historical debates on India’s Copyright Act reveal insights into the often-overlooked theme of the reversionary right, raising questions on its relevance in current jurisprudence.
The Registrar of Copyrights has officially registered Phonographic Performance Limited (PPL) as a copyright society for sound recordings, a significant move under the Copyright Act, 1957.
The Reserve Bank of India has expanded the rules for Special Non-Residential Rupee Accounts (SNRR) to include transactions from the International Financial Services Centres (IFSC).
The Madras High Court upheld a 14.5% VAT on inter-state sales, ruling that capital goods cannot benefit without being used within the state.
The Debt Recovery Appellate Tribunal upheld a previous ruling, rejecting a borrower-bank settlement due to non-compliance with a refund order.
The NCLT has admitted an insolvency petition based on acknowledged debt in balance sheets, allowing the bank to proceed with CIRP despite earlier limitation objections.
The Karnataka High Court has disposed of a writ petition seeking recovery under RERA against a company under insolvency, granting liberty to revive the petition based on NCLT outcomes.
NCLAT has upheld the extension of liquidation proceedings, confirming that the trustee may continue their responsibilities beyond the age limit provided by Regulation 7A. The appeals against this extension were dismissed.
The RBI has issued the Second Amendment Directions for Non-Banking Financial Companies regarding the presentation and disclosure of financial statements, enhancing regulatory compliance requirements.
The RBI has announced the Third Amendment Directions regarding Responsible Business Conduct for Commercial Banks, aiming to enhance ethical standards in the banking industry.
The RBI has circulated the Third Amendment Directions regarding Responsible Business Conduct for Small Finance Banks, emphasizing the importance of ethical practices within the banking sector.
The RBI has issued the Second Amendment Directions concerning Responsible Business Conduct for Payments Banks, reiterating the need for ethical operational standards.
The RBI has introduced the Third Amendment Directions focused on Responsible Business Conduct for Local Area Banks, highlighting regulatory expectations for ethical practices in banking.