AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Section 3(m) of the Patents Act, previously underutilized, is now increasingly pivotal in patent litigation. A recent analysis reveals discrepancies between Indian patent laws and European standards, particularly regarding methods of performing mental acts.
The Central Government has enacted revisions to the central excise levies applicable to the exports of petrol, diesel, and aviation turbine fuel (ATF) effective from August 15, 2026. This new notification adjusts various levies, significantly reducing costs for exporters.
The NCLT admitted a ₹2.47 crore insolvency petition, concluding that WhatsApp chats failed to prove a pre-existing dispute. The decision underscores the need for substantive evidence in insolvency matters.
The NCLT Ahmedabad has initiated the Corporate Insolvency Resolution Process against Varidhi Cotspin for failing to discharge a debt of ₹43.39 crore. This decision emphasizes the need for strict adherence to financial obligations under corporate law.
The Delhi High Court has quashed summons issued to the directors of a tea company under the SWM Act, ruling that no proceedings could be sustained against them without the company being impleaded as an accused.
The Kerala High Court has mandated that Micro, Small, and Medium Enterprises (MSMEs) must proactively seek rehabilitation when facing incipient financial stress.
The Delhi High Court has declined to entertain a writ petition challenging the Enforcement Directorate's attachment of ₹18.10 crore under the PMLA, citing the availability of statutory remedies.
The NCLT has appointed a new liquidator following the previous liquidator's death, ensuring continuity in liquidation proceedings through a unanimous resolution by lenders. This highlights the importance of maintaining oversight in liquidation processes.
The NCLT has admitted a ₹2.47 crore insolvency plea, ruling that WhatsApp chats are inadequate to prove a pre-existing dispute without corroborating evidence. The decision underscores the importance of substantive documentary support in insolvency matters.
The RBI imposed a ₹3.10 lakh penalty on Muthoot MCred Limited due to violations of asset classification norms effective August 14, 2026.
IndusInd Bank has been penalized ₹59.20 lakh by the RBI due to infractions concerning interest rates and asset securitization effective August 14, 2026.
Northern Arc Capital Limited has been fined ₹6.20 lakh by RBI for not complying with financial disclosure requirements as of August 14, 2026.
Fusion Finance Limited has been penalized ₹2.70 lakh by RBI for non-compliance with KYC guidelines effective August 14, 2026.