AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The IRDAI has announced the Policyholders’ Education and Protection Fund Regulations, 2026, detailing fund sources, utilization, and governance. This regulatory step is aimed at enhancing policyholder protection.
The RBI has updated guidelines regarding the reporting of FCNR(B) deposits and ECBs mobilized under its Swap Facility, operational since June 2026 and effective until the end of this year.
The Madras High Court ruled that a disparity between GSTR-1 reported values and seigniorage fees justifies the issuance of notices under Section 74 of the CGST Act. This ruling provides clarity on the enforcement of tax compliance standards.
In a recent ruling, the Karnataka High Court has clarified that GST interest under Section 50 arises by operation of law and cannot be waived. This decision underscores the non-discretionary nature of interest liabilities in GTS compliance.
The Delhi High Court has held that the 10% pre-deposit requirement under the amended Section 107(6) of the CGST Act does not apply to show cause notices issued before October 1, 2025. This decision clarifies the rights of taxpayers regarding pre-deposit conditions.
The Kerala High Court clarified that the onus to demonstrate absence of negligence regarding tax dues lies with the director, not the Principal Secretary. This modification highlights the responsibilities of directors under the KVAT Act.
Delhi HC quashed an FIR against Ashish Bhalla, affirming that an SFIO investigation precludes parallel probes. This ruling clarifies jurisdictional matters in corporate investigations.
NCLT Cuttack restored the petitioner directors in a significant ruling on shareholders' rights. The tribunal ruled that minority shareholder exclusion constituted oppression.
The RBI has released new guidelines on statutory audits for commercial banks, detailing requirements for auditor appointments and coverage to improve accountability.
The RBI's new directions on Fraud Risk Management outline critical frameworks for identifying and mitigating fraud in commercial banking operations.
The RBI has issued new directions focused on security controls for digital payments, enhancing safeguards against financial fraud and cyber threats.
The Reserve Bank of India has issued new directions focused on cybersecurity and technology resilience for commercial banks, addressing increasing cyber threats and ensuring secure banking operations.
The Reserve Bank of India has introduced new directions pertaining to the compliance function of commercial banks, establishing a framework for governance and oversight in banking practices.