AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Calcutta High Court has directed the Detective Department to expedite its investigation into a ₹13 crore fraud case and submit a report to the jurisdictional Magistrate. The writ petition was thus disposed of following this directive.
The Reserve Bank of India has announced modifications to the returns and reporting requirements under FEMA, enhancing compliance frameworks for authorized persons and promoting efficient foreign exchange operations.
The Reserve Bank of India has announced a review of various circulars issued under the Foreign Exchange Management Act, 1999 (FEMA) to rationalize the regulatory framework, impacting authorized persons involved in foreign exchange.
The Reserve Bank of India has released the Master Direction on Credit Derivatives, aimed at structuring and enhancing the credit risk management framework in the Indian banking sector. This initiative is part of ongoing reforms to bolster financial stability.
The Karnataka High Court has quashed an order to return nine dogs to their owner accused of cruelty, emphasizing animal rights as integral to constitutional morality.
The Madras High Court has ruled that convicts may seek ordinary and emergency leave while their appeals are pending. This decision emphasizes that fundamental rights remain intact despite incarceration.
The Reserve Bank of India has released draft guidance on regulatory principles for model risk management, applicable to various financial institutions.
The Reserve Bank of India has issued Amendment Directions corresponding to its February 2026 statement, enhancing customer protections against unauthorized electronic banking transactions.
India’s collaboration with Brazil on the Traditional Knowledge Digital Library signifies a new phase in global biodiplomacy, with implications for traditional knowledge governance.
The Delhi High Court upheld the nationwide temporary blocking of Telegram, highlighting the intersection of public order and copyright enforcement principles. This ruling introduces the concept of 'architectural liability,' impacting how intermediary regulations are approached.
The Calcutta High Court ruled that a commercial dispute over unpaid invoices is civil, quashing criminal proceedings against company directors.
A recent decision from the Debt Recovery Tribunal mandates Indian Bank to refund auction amounts with interest and compensation due to procedural violations.
The NCLT has admitted IDBI Bank's Section 7 IBC petition worth ₹20.17 crores, stating that a recovery certificate validates both the debt and default. The bench has also directed the bank to contribute towards CIRP expenses.