AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The NCLT admitted a Section 7 IBC application, emphasizing that debt acknowledgments in balance sheets and an OTS proposal kept the application within the limitation period.
India's CSIR and Brazil’s INPI have collaborated on access to the Traditional Knowledge Digital Library, a development with implications for global biodiversity governance and patenting practices.
The Karnataka High Court has upheld the criminal proceedings against a travel agent involved in renewing a passport for an alleged terrorist. The judgment emphasizes the seriousness of aiding terrorism.
The Karnataka High Court expressed that the involvement of politicians and public servants in heinous crimes is rare. This statement came during the hearing of an appeal by former MLA Vinay Kulkarni against his life sentence for the murder of BJP leader Yogesh Gowda.
The RBI has implemented the Credit Derivatives Directions, 2026, establishing a detailed regulatory regime for credit derivatives, enhancing operational guidelines for participants.
India has broadened the scope for foreign nationals to invest in its stock market, enhancing portfolio investment access while maintaining regulatory safeguards.
The RBI has published draft Master Directions aimed at enhancing liquidity in the money market, inviting stakeholder feedback until July 17, 2026. The proposed measures are expected to broaden market participation.
The newly introduced Schedule VDA in the Income Tax Return (ITR) framework focuses on transaction-wise reporting of income derived from cryptocurrencies, NFTs, and other Virtual Digital Assets (VDAs), which are taxable at 30% under Section 115BBH.
The NCLT has initiated the Corporate Insolvency Resolution Process (CIRP) against Utkal Steels, confirming that the guarantor's liability corresponds directly with that of the principal borrower.
The ITAT ruled that the Income Tax Department must maintain consistent positions in similar cases concerning long-term capital loss claims.
The RBI has released the Master Directions for Credit Derivatives, introducing new compliance guidelines. Key elements focus on credit index derivatives and total return swaps to promote market stability.
The Reserve Bank of India has issued the Sixth Amendment to the Foreign Exchange Management (Deposit) Regulations, enhancing regulatory clarity. This amendment aims to streamline deposit procedures in compliance with the Foreign Exchange Management Act, 1999.
The Kerala High Court has ruled that a petitioner can contest a NCLT-imposed fine of ₹1 lakh per day for non-compliance, allowing time to appeal.