AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has released a detailed report on money market operations as of July 09, 2026, offering insights into current market liquidity and rates.
The RBI held an underwriting auction for government securities on July 10, 2026, setting the cut-off rate for underwriting commissions. Details of the auction highlight the competitive nature of primary dealer participation.
The latest weekly review encapsulates significant developments in IP law, featuring results from the SpicyIP-jhana Blogpost Writing Competition and analyses on legal deposits and emerging AI topics. Noteworthy conversations are highlighted.
The recently concluded 2nd SpicyIP Summer School successfully gathered IP enthusiasts to challenge existing paradigms in intellectual property laws. Reflections highlight the engagement and innovative discussions that unfolded.
The Allahabad High Court affirmed that taxpayers retain the right to benefits under Section 74(5) even in the absence of DRC-01A forms, which reinforces taxpayer rights in compliance matters.
The Madras High Court quashed a GST order imposing a 100% penalty under Section 74, ruling that it should have applied the 50% penalty under Section 74A instead. This ruling provides clarity on penalty assessments under GST regulations.
The Madras High Court upheld the validity of GST proceedings initiated under Section 74 but ordered a remand for assessment errors regarding tax computation and turnover recording. This ruling clarifies the limits of procedural validity in tax assessments.
The Securities and Exchange Board of India (SEBI) has implemented a monthly fee of ₹85,000 or 0.0000416% of assets under custody for custodians, effective from October 2026. Additionally, certified asset statements will be required as part of the payment.
The NCLAT has overturned an admission of insolvency against Vikram Solar, citing the claim was below the threshold of ₹1 Crore. The tribunal ordered the refund of the deposited amount.
The NCLT has dismissed an insolvency plea regarding defaults under a post-dispute settlement deed, emphasizing that such breaches must be pursued in a suitable forum for resolution and are not considered operational debts under the IBC.
The Kerala High Court has held that publishing court pleadings on the PSC website is not a valid method of serving notices to litigants in recruitment disputes.
The National Commission for Scheduled Castes has directed MNLU, Nagpur, to respond to complaints regarding irregularities in its recruitment process for SC candidates. The notice cites powers under Article 338 of the Constitution.
A recent viral salary slip from SBI highlights the disconnect between salary figures and disposable income after taxation. This serves as a crucial reminder for professionals to grasp the tax implications of their salary packages.