AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The court found discrepancies in share premium allocations, asserting that remand for factual verification was necessary rather than relying on probability. This reaffirms the need for substantiating claims with concrete evidence.
SEBI is scrutinizing AI-powered investment advisory platforms, stating fintech firms and registered advisers are accountable for AI-generated recommendations. This highlights emerging compliance challenges in financial services.
The Calcutta High Court has dismissed a writ petition filed by the Income Tax Department, ruling that they failed to substantiate claims under the exceptional category to bypass a low tax effect limit.
The NCLT has admitted an insolvency plea against an online gaming firm due to a loan default of ₹2.81 crore, emphasizing the time value of money principle.
The NCLAT has ruled that invoices are not mandatory for establishing operational debt under the Technical Guidance Agreement. This ruling clarifies the obligations of Modi Lifecare regarding the admitted liability.
The Kerala High Court has declined to quash the Enforcement Directorate's investigation into Cochin Minerals and Rutile Limited involving allegations against former CM's daughter. The court's decision allows the probe to proceed.
The Delhi High Court Bar Association has filed a challenge against the formation of a committee to examine an increase in pecuniary jurisdiction for district courts. The matter is set to be heard by the court.
The Delhi High Court mandated that the Income Tax Department pay interest on the maturity value of KVPs and IVPs retained unlawfully from December 2003 to January 2005. The court criticized the department for its 'stubborn attitude' in this matter.
The RBI has issued guidance for financial institutions regarding the implementation of Section 51A of the UAPA, reflecting updates to the UNSC's sanctions list related to ISIL and Al-Qaida.
The Reserve Bank of India has issued the 2026 Amendment Directions for urban co-operative banks, refining governance protocols particularly concerning the board's constitution and appointment of directors.
The Reserve Bank of India has released new amendment directions for rural co-operative banks. These amendments establish updated governance and operational frameworks as per the Banking Regulation (Amendment) Act, 2020.
The RBI has approved the amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 04, 2026.
The Supreme Court's decision in Cryogas Equipment Pvt. Ltd. v. Inox India Ltd. highlights the challenges of applying existing IP frameworks to culinary arts. This critique explores the aesthetic and functional dimensions of copyright and design law.