Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Delhi High Court, in Fresenius Kabi v. Controller, set aside the rejection of a patent application for Sugammadex, citing procedural flaws under Section 14 of the Patents Act. The Court criticized the use of hindsight and mosaicking in prior art analysis.
FeaturedSEBI Board has cleared wide-ranging reforms for Portfolio Managers, REITs, InvITs, FPIs, AIFs, and settlement mechanisms to boost market depth and investor protection.
FeaturedSAT Mumbai ruled that an approved resolution plan under IBC bars SEBI from imposing penalties on a corporate debtor, though penalties on defaulting directors may still apply.
FeaturedITAT Mumbai deletes ₹13.78 crore Section 69A addition due to lack of transaction-wise ownership nexus with assessee.
FeaturedDelhi HC held that failure to issue draft assessment order under Section 144C invalidates assessment of BVI-incorporated foreign company.
FeaturedTelangana HC quashed reassessment under Section 148A due to lack of tangible material indicating income escapement.
FeaturedTelangana HC quashed reassessment for AY 2019-20, ruling that reassessment cannot be based on demerged income already taxed in earlier years.
FeaturedSAFEMA Tribunal upholds attachment of pre-offence, legitimately acquired property as equivalent value of proceeds of crime under PMLA when actual proceeds are unavailable.
FeaturedFollowing the UAPA designation of Shahzad Bhatti Network as a terrorist organisation, RBI has directed all regulated entities to freeze assets and cease transactions linked to the entity.
FeaturedRBI issues comprehensive directions on minimum capital requirements for market risk, defining trading book boundaries and risk measurement frameworks for commercial banks.
FeaturedRBI has finalised the regulatory framework for novation of over-the-counter (OTC) derivative contracts following public consultation on the 2025 draft directions.
FeaturedRBI directs all financial institutions to enforce restrictions under UAPA following the government’s designation of a new terrorist organisation listed in the First Schedule of the Act.