AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has announced Third Amendment Directions for Regional Rural Banks relating to Responsible Business Conduct, reinforcing the need for ethical banking practices.
The RBI has issued the Third Amendment Directions regarding Responsible Business Conduct for urban co-operative banks, emphasizing the importance of ethical conduct in financial operations.
The RBI has released the Third Amendment Directions concerning Responsible Business Conduct for rural, urban, regional rural, and local area banks, highlighting the need for ethical business practices in the banking sector.
SEBI proposes a comprehensive overhaul of its Master Circulars to enhance compliance efficiency for exchanges and clearing corporations.
SEBI has proposed a Common Advertisement Code aimed at replacing the multitude of entity-specific codes. This framework intends to streamline compliance and bolster investor protection.
A Bengaluru court issued a non-bailable warrant against actor Prakash Raj for allegedly concealing voter registration across multiple states. The actor faces significant legal scrutiny as the case unfolds.
The Karnataka High Court determined that interest under Section 50 of the CGST Act is mandatory and cannot be waived without statutory authority, thereby setting aside prior orders that granted waivers.
The Karnataka High Court ruled that the time limit for filing a waiver application under Section 128A is directory and not mandatory, meaning a delay cannot solely justify the rejection of such waivers for GST interest and penalty.
The Advocates Tax Bar Association has requested an extension of the GST Appellate Tribunal (GSTAT) appeal filing deadline to 31 December 2026, citing ongoing technical issues with the GST portal. This request ensures taxpayers can maintain their statutory right to appeal despite these administrative challenges.
The Gauhati High Court upheld the seizure of areca nuts valued at ₹2.22 crore, citing lack of necessary documentation at the time of interception.
The RBI has issued new guidelines concerning the Trade Receivables Discounting System, aimed at enhancing rationalization and harmonization of applicable guidelines.
SEBI warns investors about trading unlisted public company securities on non-approved electronic platforms, stressing that only recognized stock exchanges provide investor protection.
The Darjeeling District Consumer Court has mandated Amazon and a listed seller to pay ₹4.68 lakh for failing to refund a customer after a product was returned, citing deficiency in service.