AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi High Court has rejected the revival and impleadment applications regarding a reassessment challenge. The court allowed writ amendments while maintaining the status quo on recovery and penalty proceedings.
The RBI will hold a Variable Rate Reverse Repo (VRRR) auction on August 17, 2026, totaling ₹2,00,000 crore to manage liquidity.
ROC Delhi has levied a ₹6.65 lakh penalty on a company for delays in appointing Independent Directors from 2016 to 2025, emphasizing compliance with the Companies Act provisions.
ROC Pune has imposed a penalty of ₹1.34 lakh for a delayed filing of Form INC-20A, reaffirming the need for timely compliance with corporate filings.
ROC Mumbai has imposed a penalty of ₹5,000 on a director for inaccurately reporting nil debentures while significant outstanding CCDs existed in MGT-7A filings.
ROC Kolkata has imposed a ₹20,000 penalty on directors for inaccuracies regarding the AGM date in the AOC-4 submission, reinforcing the need for precise information in corporate filings.
The Registrar of Companies (ROC) Kolkata has imposed a penalty of ₹20,000 on a company for filing incorrect MGT-7 forms. Marking the forms as defective does not absolve the parties from violations under Rule 8(3).
The government clarified that the Companies Compliance Framework Scheme 2026 (CCFS-2026) does not permit the strike-off of companies under Section 248. The scheme has been extended until August 31, 2026.
IndusInd Bank has incurred a penalty of ₹59.20 lakh from the RBI due to violations related to interest rates on deposits and securitisation practices.
The RBI has fined Northern Arc Capital Limited ₹6.20 lakh for not complying with disclosure requirements in financial statements.
The RBI has imposed a monetary penalty of ₹2.70 lakh on Fusion Finance Limited for non-compliance with KYC guidelines as mandated by RBI provisions.
The Allahabad High Court quashed a VAT demand of Rs. 5 lakhs, stating that enhancements in turnover cannot be justified without any adverse material. This ruling is pertinent for businesses facing VAT assessments.
Arjun Nihal Singh has joined Dentons Link Legal as a Partner in their Competition practice, bringing over a decade of experience in antitrust matters.