Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court mandates that police must register FIRs for missing persons in child trafficking cases without preliminary inquiries. This ruling aims to enhance the response to child trafficking across India.
FeaturedCRED has successfully raised $900 million from Meta in a Series H funding round, involving primary subscriptions and secondary share acquisitions. Key changes in management were announced alongside this transaction.
FeaturedThe Madras High Court struck down a Tamil Nadu government order that allowed converts to Islam to claim Backward Class Muslim status. The Court upheld that such a claim is unconstitutional, reaffirming the eligibility criteria for the Scheduled Classes in the state.
FeaturedThe Bombay High Court dismissed petitions from commodity traders challenging the MCX's decision to settle April 2020 crude oil futures at negative prices. The petitioners contended that SEBI should annul those trades, but the court upheld the decisions, emphasizing the integrity of market operations.
FeaturedThe CBIC mandates that Customs zones appoint senior officers for expedited clearance of pollution response equipment, enhancing India's readiness for marine pollution incidents.
FeaturedThe Supreme Court has set aside High Court orders that quashed JAO-issued reassessment notices and allowed taxpayers to challenge the retrospective amendment under Section 147A. This ruling paves the way for potentially significant tax litigation.
FeaturedThe Allahabad High Court directed the UP Government to implement the 'superior responsibility doctrine' to address corruption among trade tax officers, urging effective committee proceedings.
FeaturedThe SAT ruled that income tax paid on unlawful gains cannot be offset against SEBI-ordered disgorgement, reaffirming the integrity of disgorgement as a remedy.
FeaturedSEBI has approved comprehensive reforms aimed at simplifying compliance processes for securities markets. These include revisions to buy-backs, mutual funds, AIFs, and investor protections.
FeaturedThe Supreme Court has stayed an order from the Allahabad High Court that granted ₹10 lakh compensation to a man unlawfully detained for over three months by the Uttar Pradesh Police. The stay came in response to an appeal from the state government.
FeaturedThe Karnataka High Court upheld that foreign nationals satisfying the definition of 'persons resident in India' under FEMA are not liable for penalties regarding FEMA violations.
FeaturedThe RBI has introduced an Expected Credit Loss (ECL) framework that mandates banks to make forward-looking provisions. This new approach is set to be implemented by April 2027.