AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The adjudicating body ruled that a resolution applicant is not permitted to unilaterally modify its financial proposal post-challenge process. This ruling reinforces the principles of certainty and fairness in the Corporate Insolvency Resolution Process (CIRP).
Domestic companies must analyze various corporate tax rates to determine the most beneficial option based on turnover and compliance to avoid increased future costs.
CFOs are encouraged to approach the corporate tax filing for Assessment Year 2026-27 as a strategic process, rather than an administrative task, to ensure compliance and optimize deductions.
The Central Government has authorized select financial institutions to utilize Aadhaar authentication for Know Your Customer (KYC) processes under the Prevention of Money Laundering Act (PMLA).
The RBI announced the final redemption price for the Sovereign Gold Bond 2018-19 Series-I, due May 4, 2026, emphasizing adherence to established guidelines.
The Reserve Bank of India has published its Weekly Statistical Supplement detailing liabilities and assets of commercial banks as of late April 2026, providing crucial financial insights.
The ITAT Nagpur ruled that the rejection of 12A registration due to selecting the wrong clause in Form 10AB was invalid. This decision allows for rectification of procedural errors without compromising taxpayer rights.
The Bangalore ITAT ruled that interest income from mandatory reserve fund deposits and cooperative bank accounts qualifies for deduction under Section 80P. This decision clarifies that temporarily parking surplus funds is not considered a separate investment activity.
Recent amendments to the CIRP regulations allow for a unified set of valuers for MSME corporate debtors, aiming to ease insolvency processes.
The IBBI has modified Liquidation Process Regulations to allow a single valuer for asset classes in MSME liquidations, aimed at cost reduction.
The PFRDA has introduced proposals aimed at reducing grievance resolution timelines under the NPS framework, enhancing subscriber protection and accountability.
The Finance Ministry has authorized certain NBFCs to perform Aadhaar authentication to meet PMLA compliance. This decision follows consultations with UIDAI and RBI, ensuring adherence to privacy and security norms under the Aadhaar Act.
Prasar Bharati asserts it is not responsible for acquiring the broadcasting rights for FIFA World Cup 2026, leading to a petition for broadcast access being withdrawn.