AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has extended its directions under the Banking Regulation Act, 1949, for the Irinjalakuda Town Co-operative Bank and Sonpeth Nagari Sahakari Bank. The orders now remain effective until January 30, 2026, as part of ongoing regulatory oversight.
The CDSCO's recent notice invites comments on brand name extension practices in the pharmaceutical industry, signalling potential regulatory reforms.
The Central Drugs Standard Control Organization (CDSCO) is requesting feedback on brand name extension practices in the pharmaceutical industry, signaling a potential review of longstanding industry norms.
The High Court has remanded GST proceedings after it found the petitioner did not have a fair opportunity to respond to the show cause notice due to its improper upload.
The Kolkata ITAT has deleted the penalty under Section 271(1)(c) following the deletion of all quantum additions for the assessment year 2016-17 in the quantum appeal. This ruling emphasizes the relationship between penalties and the underlying assessments.
The IRDAI has mandated insurance companies to submit show cause notices and relevant documents promptly to insurance ombudsmen to enhance transparency in dispute resolution.
The Kerala High Court ruled that properties purchased jointly with a spouse do not fall under the Benami Transactions (Prohibition) Act, 1988. The court upheld a mandatory injunction for vacant possession and dismissed a partition suit.
The Reserve Bank of India is scheduled to auction Government Treasury Bills worth ₹17,000 crore on July 29, 2026, targeting 91, 182, and 364-day maturities.
The Reserve Bank of India is set to conduct a Variable Rate Repo auction worth ₹75,000 crore on July 27, 2026. This decision reflects an evaluation of current liquidity conditions.
The Central Drugs Standard Control Organization (CDSCO) is inviting stakeholder comments on its policies regarding brand name extensions in the pharmaceutical sector. This move could lead to crucial changes in the practice of branding in the industry.
RBI clarifies FLA Return applicability and the filing process via FLAIR, with a late fee of ₹7,500. The due date for filing is set for July 31, 2026.
The Calcutta High Court ruled that mere negligence does not constitute abetment in customs proceedings, thereby setting aside a ₹5 lakh penalty imposed on a Customs House Agent for paperwork issues.
A new advisory outlines how to differentiate between genuine and fraudulent income tax notices. Taxpayers are encouraged to verify notice authenticity to avoid scams.