AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Supreme Court ruled that hotel booking records and call detail records can be summoned to prove adultery in matrimonial disputes without violating privacy rights. This ruling underscores the necessity of such evidence for fair matrimonial proceedings.
RBI penalizes Bank of Baroda for violations in Fair Practices Code and KYC regulations.
The Calcutta HC has ruled that the IBC moratorium does not prevent pre-existing civil suits from proceeding, setting aside the dismissal of a guarantor suit against Canara Bank.
The NCLT has admitted Union Bank's insolvency petition, confirming that personal guarantors are liable under Section 98 of IBC.
The NCLT ruled that adherence to IBC timelines is mandatory. Secured assets must merge into the liquidation estate if timelines are breached.
The NCLT ruled that claims under Section 60(5) of IBC cannot be admitted once a resolution plan is approved. This impacts homebuyers' rights to file fresh claims after allotment cancellation.
The Reserve Bank of India has introduced new directions for credit derivatives markets under its Master Direction. This aims to regulate novel financial instruments and promote stability in credit markets.
The Reserve Bank of India has issued Master Directions for Credit Derivatives aimed at enhancing regulatory mechanisms in financial markets. This development is expected to facilitate the introduction of new financial instruments.
SEBI is proposing amendments to the SDI Regulations to align the securitisation framework with the RBI's 2025 rules.
The Delhi High Court’s ruling on banning Telegram highlights the intersection of public order and copyright enforcement, raising concerns about regulatory framework surrounding intermediary liability.
The Delhi High Court has issued a key ruling on transborder reputation, addressing the trademark dispute between an Indian liquor company and an Irish whiskey producer over the mark ‘Whistler’.
The Calcutta High Court has quashed a show cause notice (SCN) issued under Section 74 for multiple financial years, confirming that such a practice is not permitted under the existing laws.
The Madras High Court has ruled that GST proceedings can be initiated against legal heirs of a deceased proprietor under Sections 73, 74, or 74A, but recovery is limited to the status of the inherited estate.