Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
CESTAT Mumbai ruled that glucose monitoring devices are to be classified under CTH 9027, thereby acknowledging the BCD exemption as per the previous Bombay HC ruling.
The Orissa High Court has ruled that Section 45(3) of the Customs Act does not apply to goods lost due to natural disasters, setting a clear legal precedent in such scenarios.
The CBIC has introduced a uniform Deficiency Memo format for processing drawback claims under Section 74, promoting consistency and efficiency across Customs formations.
The Supreme Court ruled that advocates cannot be added to the IBA Caution List based solely on allegations of negligence, affirming that professional misconduct is governed by the Advocates Act.
Uno Minda has received government approval for its joint venture with Inovance Automotive, with legal representation provided by DSK Legal. This marks a significant step in automotive investment.
The 2026 FCRA Amendment Rules enhance compliance requirements for NGOs, necessitating stricter disclosures and financial accountability in foreign funding. Legal practitioners should advise affected clients on these new obligations.
The NCLAT has ruled that a loan agreement signature suffices to affirm guarantor liability, even in the absence of a formal deed. This decision validates the initiation of insolvency proceedings under the IBC.
The NCLAT has affirmed the liquidator's right to pursue civil suits related to the termination of a Joint Development Agreement (JDA). This ruling emphasizes the necessity of civil adjudication for contractual disputes.
The RBI has released the third amendment directions on responsible business conduct for Local Area Banks, focusing on customer protection in electronic transactions, reinforcing accountability.
The RBI has consolidated instructions for responsible business conduct in Rural, Urban, and Regional Co-operative Banks regarding customer protection in unauthorized electronic banking transactions.
The RBI has modified returns and reporting requirements under FEMA, 1999, addressing compliance provisions for Authorized Persons. This amendment aims to improve reporting measures and reflect current market practices.
The RBI has undertaken a review of circulars issued under FEMA since 2000 to streamline and rationalise the regulatory framework. This initiative focuses on restructuring outdated regulations and improving operational efficiency.