AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI emphasizes compliance with the FLA Return under FEMA, clarifying filing obligations and the deadline of July 15, for entities managing foreign investments.
The Reserve Bank of India has updated the UNSC sanctions list entry pertaining to ISIL and Al-Qaida under Section 51A of the UAPA, directing regulated entities to ensure strict compliance with KYC norms.
In a landmark ruling, the Calcutta High Court quashed a demand for ₹1.49 Crores made under the Employees’ Provident Fund (EPF) Act against Vodafone Idea Ltd., concluding that principal employers are not liable for wages due as a result of contractor 'wage-splitting'.
The Jharkhand High Court ruled that proceedings under the Prevention of Money Laundering Act (PMLA) are independent of the status of predicate offences, dismissing a plea to stall a trial until charges are laid in related cases.
The Telangana High Court has upheld the Enforcement Directorate's (ED) retention of seized jewels, clarifying that a stay by the Supreme Court on quashing an ECIR effectively revives associated proceedings under the Prevention of Money Laundering Act (PMLA).
The NCLAT has upheld the authority of debenture trustees to initiate insolvency proceedings against personal guarantors. The tribunal ruled that minor clerical errors in the guarantee deed do not undermine the enforceability of the guarantees.
The Delhi High Court has dismissed Chitra Ramkrishna's plea challenging the definitions of 'public duty' and 'public servant' under the Prevention of Corruption Act, allowing the case to move forward.
The Delhi High Court has authorized the release of $99 million in foreign arbitral awards to Vedanta and Ravva Oil, rejecting the Central government's objections. The enforcement petition brought by the companies was granted by Justice Jasmeet Singh.
The Gujarat High Court upheld the status of the Ahmedabad Urban Development Authority (AUDA) as a charitable organization, despite its commercial activities. The ruling reinforces the notion that charitable objectives can coexist with commercial operations.
The Reserve Bank of India has released directives to enhance customer protection in electronic banking transactions across various banking sectors.
The Reserve Bank of India has issued new Master Directions regarding credit derivatives, which will govern the functioning of credit derivatives markets in India.
SEBI has revised the securitised debt rules concerning originator representation and SPDE acquisitions, enhancing clarity and regulatory requirements for market participants.
SEBI has revised buy-back rules, now making the involvement of a merchant banker optional. The changes also introduce a 15% open-market cap along with new timelines effective August 1, 2026.