AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has implemented third amendment directions for responsible business conduct across various banking institutions, focusing on limiting liability in unauthorized electronic banking transactions to protect consumers.
The Reserve Bank of India has issued new directions for credit derivatives markets as part of its regulatory framework. This directive establishes guidelines for the utilization of derivatives on credit indices and total return swaps, facilitating better management of credit risk.
The Reserve Bank of India has imposed a ₹3 lakh penalty on Nabapalli Cooperative Bank for violating KYC guidelines, reinforcing the importance of compliance in the banking sector.
To enhance transparency, the Reserve Bank of India has introduced a Benchmark Issuance Strategy for market borrowings by state governments and Union Territories for the upcoming quarter.
The IBC is challenged by foreign sanctions as Indian insolvency tribunals navigate complex global issues. This situation raises questions about the interplay between insolvency law and international regulatory restrictions.
The Reserve Bank of India has introduced a quarterly calendar for state government borrowings, promoting transparency and market efficiency. This initiative involves nine states for better structured funding.
The collaboration between India's CSIR and Brazil's INPI on the Traditional Knowledge Digital Library marks a significant step in global biodiversity governance.
The Delhi High Court upheld the temporary blocking of Telegram, citing architectural liability and its implications for public law. The court's decision signals a potential shift in how digital platforms may be regulated under existing laws.
Analyzing the implications of the Income Tax Act, 2025, which reinstates capital gains taxation on share buybacks.
The Calcutta High Court ruled that Section 107 of the BNSS Act does not provide adequate safeguards for third parties, applying a stringent 'reason to believe' test to quash a property attachment order. This highlights the need for more comprehensive legal frameworks.
The Calcutta High Court quashed an FIR in a dispute worth Rs 3.3 crore, determining that the FIR filed after unsuccessful IBC proceedings constituted an abuse of process. The court noted that the petitioner had already made payments in compliance with previous orders.
The Madras High Court ruled that legal heirs of a deceased taxpayer can be held liable for tax dues under Sections 73, 74, and 74A. The court emphasized that tax liability can be determined posthumously, encompassing the entire adjudicatory process.
The Calcutta High Court ruled that Company Courts can transfer winding up petitions to the NCLT on their own accord under Section 434(1)(c) of the Companies Act, 2013.