AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Madras High Court's decision in Novartis AG v. Venkata Narayana Active Ingredients provides critical insights into the evidentiary requirements for invoking the Bolar exemption under Section 107A. The ruling aims for clarity while posing challenges for pharmaceutical manufacturers.
SEBI has launched the GARUDA mechanism to expedite the filing and launch procedures for Alternative Investment Funds (AIF), effective immediately under revised AIF regulations.
SEBI has proposed a framework allowing Depository Receipts (DRs) against REIT and publicly listed InvIT units, seeking public comments by August 25, 2026.
SEBI has proposed changes to settlement and risk management norms aimed at simplifying compliance requirements for Market Infrastructure Institutions (MIIs). This move is expected to reduce regulatory burdens on clearing corporations.
The Securities and Exchange Board of India (SEBI) has invited public comments on proposed reforms for Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (InvIT). These reforms aim to enhance investments, voting rights, exit offers, and infrastructure while addressing cooling-off norms.
The Reserve Bank of India has finalized directions concerning the conduct of regulated entities in loan recovery processes. This comes after stakeholder feedback was considered, impacting the operational frameworks for credit recovery.
The Reserve Bank of India has issued draft directions for public comment regarding concentration risk management for rural co-operative banks. This follows recent policy announcements aimed at strengthening banking regulations.
In Novartis AG v. Venkata Narayana Active Ingredients, the Madras High Court provided clarity on the evidentiary requirements for invoking Section 107A of the Patents Act regarding exports for regulatory approval. The judgment aims to balance patent rights with the need for accessible medicines.
In a recent monetary policy meeting, the RBI decided to maintain the repo rate at 5.25% amid global economic uncertainties while announcing significant banking reforms. This decision is crucial for financial stability as market conditions remain volatile.
SEBI mandates that all covered intermediaries utilize validated ‘@valid’ UPI IDs for payments starting October 1, 2025, aiming to strengthen payment verification and reduce fraud.
SEBI has introduced the GARUDA mechanism to streamline the filing and launch procedures for Alternative Investment Funds (AIFs) under the revised AIF Regulations, effective immediately.
SEBI has proposed a new framework enabling Depository Receipts issuance against REITs and publicly listed InvIT units, inviting comments until August 25, 2026. This initiative aims to enhance market accessibility for investors.
The Reserve Bank of India issued a notification regarding implementation of Section 51A of UAPA, 1967. This update addresses amendments to the UNSC’s 1988 Taliban Sanctions List, impacting various financial institutions.