Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has published its 46th Half-Yearly Report detailing the management of India's foreign exchange reserves. This report emphasizes the commitment to transparency and the implications for economic stability.
The Saket District Court ruled in favor of Anamika Sood, recognizing her ownership of the song 'Ferrareee' and rejecting Saregama’s claims. This ruling highlights potential misuse of copyright as a tool for commercial control rather than legal protection.
CESTAT ruled that multifunction devices with a primary function of protection remain classified as relays, thereby ensuring their eligibility for customs exemption.
Delhi High Court quashed PRC orders due to negligence in examining claims concerning the non-transmission of data to ICEGATE, reaffirming the importance of due process.
The Government announced detailed Rules of Origin under the India-Oman CEPA to determine eligibility for preferential customs duty treatment, essential for importers and exporters.
CESTAT held that importers can still contest enhanced customs valuation even after submitting a consent letter. The decision reaffirms statutory rights for importers in customs assessments.
The Directorate General of Foreign Trade (DGFT) has introduced six new Standard Input Output Norms (SIONs) for chemicals and allied products. This development streamlines the Advance Authorisation process by permitting Regional Authorities to directly issue authorisations, enhancing efficiency in approvals.
Justice Pankaj Mithal raises concerns regarding persistent appeals from the NCLAT to the Supreme Court, questioning the effectiveness of the tribunal system.
The Allahabad High Court criticized the expectation that judges handle excessive caseloads, stating that such pressures can undermine the judicial process.
The Kerala High Court has mandated all family courts in the state to adhere to child custody guidelines established by the Calcutta High Court. This directive will remain in effect until local guidelines are created for Kerala.
Guidelines for when private limited companies may borrow under MCA exemptions require careful assessment of thresholds and default conditions regarding shareholder approvals.
This article outlines the necessary approvals from Audit Committees, Boards, and shareholders for related party transactions, guiding companies in compliance with the Companies Act and SEBI regulations.