AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has announced the Second Amendment Directions concerning income recognition, asset classification, and provisioning for Local Area Banks. The amendments are aimed at enhancing operational efficiency.
The results of the Treasury Bill auction conducted on July 22, 2026, reveal competitive bids and yield rates for 91-Day, 182-Day, and 364-Day T-Bills. The total notified amount was ₹24,000 crore.
The Reserve Bank of India has published its July 2026 monthly Bulletin, including insights on the economy and current statistics. The report emphasizes the resilience of the domestic economy amidst global uncertainties.
The Gauhati High Court quashed the customs seizure of 17,200 kilograms of areca nuts, stating that no evidence linked the goods to illegal foreign import from Myanmar.
The CCPA has commenced action against 41 restaurants for charging default service fees without proper disclosure, citing violations of the Consumer Protection Act, 2019.
The NCLT Delhi has admitted a Section 7 application under the Insolvency and Bankruptcy Code against a toll road company for defaulting on ₹117.74 crore, initiating a Corporate Insolvency Resolution Process (CIRP).
The Madras High Court has instructed FSSAI to test herbal hookah products, allowing operations subject to compliance with regulations concerning tobacco and nicotine content.
The Debt Recovery Appellate Tribunal (DRAT) Delhi upheld the legality of SARFAESI actions, ruling that a matrimonial dispute cannot prevent such recoveries related to mortgaged properties.
The RBI announced the redemption price for premature redemption of the Sovereign Gold Bond 2018-19 Series-V effective from July 22, 2026, in accordance with regulatory guidelines.
CESTAT Kolkata has set aside a differential customs duty demand, ruling that the self-assessment by the importer remained unchallenged due to lack of evidentiary support. The ruling strengthens the position of importers in maintaining their self-assessment rights.
The CESTAT Mumbai has set aside a revocation of a customs broker's license, finding insufficient evidence for alleged CBLR violations. This ruling emphasizes the necessity for concrete proof in regulatory actions against licensed brokers.
The RBI has announced the auction of two dated government securities totaling ₹28,000 crore, aimed at managing the country’s debt effectively.
The Bar Council of India (BCI) has issued a circular imposing stringent regulations on advocates' use of social media, aimed at preventing misleading content and ensuring proper disclosure.