Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI fixes Ways and Means Advances (WMA) limit at ₹50,000 crore for the second half of FY 2026-27. Market loans may be triggered at 75% utilization.
RBI to auction ₹9,000 crore 91-day, ₹8,000 crore 182-day, and ₹10,000 crore 364-day T-bills on September 30, 2026. Settlement on October 1.
The RBI will conduct a ₹2 lakh crore variable rate reverse repo (VRRR) auction on September 28, 2026, to manage liquidity. The 1-day auction will be held from 9:30 AM to 10:00 AM, with reversal on September 29.
The Reserve Bank of India has released its September 2026 Monthly Bulletin, featuring economic analysis, financial statistics, and policy speeches. Key articles examine the state of the economy, credit-deposit divergence, and private corporate investment trends.
The IPO’s Draft Guidelines for Examination of Pharmaceutical Patent Applications, 2026, have drawn strong criticism for misquoting statutory provisions and introducing legally unsound interpretations. Stakeholders urge comprehensive revision before finalization.
The Madras High Court's decision in TCRC v. Ganga Rudraiah underscores the fragility of unwritten copyright arrangements. The Court examined Section 17(b) of the Copyright Act and the doctrine of acquiescence, stressing the need for clear assignment documentation.
The Delhi High Court ruled that a formal declaration is not mandatory to invoke Section 11(2) of the Trademarks Act. The decision permits reliance on well-known mark status established through prior proceedings, potentially affecting the evidentiary role of Rule 124.
Rajasthan HC defers hearing on tax audit extension plea after CBDT fails to file response; matter listed for September 28, 2026.
Patna HC grants anticipatory bail to part-time accountant accused of uploading incorrect GST bills, noting lack of financial benefit.
Punjab and Haryana High Court ruled a 31-year-old ammonia storage tank is plant and machinery, not a building, and thus exempt from house tax.
The NCLT admitted an insolvency petition against a corporate debtor, finding the demand notice demonstrated clear intention to enforce personal liability of guarantors. Reliance placed on Innoventive Industries precedent.
The NCLT ruled that absence of a separate postal receipt or acknowledgement does not invalidate a demand notice under Section 8 of the IBC, provided other proof of service exists. Service via registered post with postal indices suffices.