AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Bombay High Court ruled on the procedural responsibilities of Controllers in patent assessments, particularly regarding their reliance on undisclosed evidence during post-grant opposition proceedings. This case highlights the importance of transparency in the patent evaluation process.
The Delhi High Court has upheld that portal-only service of GST Show Cause Notices cannot suffice for due process, thereby allowing appeals for notices acknowledged in prior communication. This decision emphasizes the importance of proper service methods.
The Karnataka High Court has quashed GST DRC-13 recovery notices against a company, allowing for proceedings only against the legal heirs of a deceased proprietor. This ruling clarifies the liability scope under GST in relation to deceased individuals.
The Allahabad High Court declined a Muslim student's request to wear a hijab in school, stating it is not an essential practice in Islam. The ruling reflects ongoing debates around religious expression in educational settings.
Dain Colour Chem Limited has filed a Draft Red Herring Prospectus for an IPO, seeking to raise over ₹30 crore. Legacy Law Offices is advising on the process.
Warburg Pincus has successfully acquired Integrace from True North and Temasek, marking a notable transaction in the venture capital sphere.
Senior Advocate Darius Khambata criticized the Finance Ministry’s 2024 arbitration memo, labeling it as a reaction from a 'disgruntled litigant' during a recent symposium. This highlights ongoing tensions regarding arbitration practices in Indian governance.
SEBI has launched an IT Resilience Index Framework specifically for Market Infrastructure Institutions (MIIs), incorporating system-driven scoring and real-time service monitoring to bolster operational resilience.
SEBI has restructured its cyber incident reporting portal to adhere to the Financial Stability Board's (FSB) Framework for Improving Cyber Resilience (FIRE), mandating a structured and systematic approach for regulated entities.
SEBI, RRU, and NISM have formalized cooperation through a tripartite MoU aimed at enhancing training, research, and cybersecurity within the securities market. This collaboration is expected to foster innovation in market practices.
The RBI has released amendments to the Priority Sector Lending Directions, enhancing targets and classifications for financing. This reflects a strategic focus on boosting sectors pivotal for economic growth.
The Supreme Court reiterated that the 1978 Bangalore Water Supply ruling continues to apply to pending cases under the Industrial Disputes Act.
The Karnataka High Court upholds the 2013 Act providing compensation and tax exemptions for KIADB land acquisitions from 2014 onward, dismissing the writ appeals.