Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The CAAR Mumbai has classified Vistacell H under Tariff Item 21022000, ruling it as inactive yeast instead of an animal feed preparation under Heading 2309. This classification carries implications for tax obligations.
CBIC has amended Notification No. 62/1994 to include Udangudi, Tamil Nadu, for the unloading of imported coal. This notification facilitates compliance and streamlines import processes for coal handlers in the region.
The RBI has provided information on the premature redemption price for Sovereign Gold Bonds due on July 21, 2026, allowing investors to redeem bonds five years post-issue.
Open Secret has secured ₹50 crore in funding, with legal counsel provided by VERTICES PARTNERS. The funding is led by Desai Brothers Group.
The Calcutta High Court has directed the transfer of ₹1.38 crore along with accrued interest to the One Man Committee, dismissing a related writ petition as withdrawn. This decision is crucial for both the Committee and Tower Infotech’s ongoing SEBI dispute.
ROC Kolkata penalises a company and its director for incorrectly filing AOC-4 instead of the required AOC-4 XBRL format.
ROC Kolkata imposes a penalty on a company and its certifying director for incorrect AOC-4 filings regarding financial statements.
ROC Kolkata imposes penalties on a company and its certifying director for wrongly filing MGT-7.
The Reserve Bank of India has announced an auction for Government of India Treasury Bills, with significant amounts earmarked for the upcoming auction dates.
The RBI has conducted a 7-day Variable Rate Repo auction, revealing significant borrowing activity and interest rates reflective of the current financial environment.
The Supreme Court Advocates-on-Record Association (SCAORA) has urged the Supreme Court to withdraw the proposed mandatory disclosure requirement for lawyers using AI tools. SCAORA argues that advocates are already held responsible for the accuracy of their filings under the existing Advocates Act.
The NCLAT Chennai dismissed an appeal from a prospective resolution applicant, citing the appeal as premature. The court emphasized that the application was still subject to the Committee of Creditors' (CoC) approval following remand.