Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has released its 46th Half-Yearly Report on the management of foreign exchange reserves for the period ending March 2026, enhancing transparency in reserve management.
The Delhi High Court's recent pro-tem order in Malikie v. Xiaomi raises concerns for SEP jurisprudence in India. The order highlights confusion in essentiality assessment and rate calculation.
A recent amendment to Notification 18/2026 under the India-UAE CEPA adjusts the concessional customs rates for importers effective from May 13, 2026. Importers will now face a revised tariff concession structure.
SEBI's proposed changes to Buy-Back Regulations aim to ease the compliance burden on listed companies by eliminating mandatory requirements, thus enhancing operational flexibility.
SEBI proposes changes to align securitisation norms for listed special purpose vehicles with RBI's existing directions, focusing on governance and disclosure enhancements.
SEBI's latest consultation paper seeks to enforce mandatory disclosures for municipal debt refinancing, enhancing investor transparency in the municipal securities market.
The Court granted bail in a case concerning spurious cancer drugs under the PMLA, citing insufficient evidence linking the proceeds of crime to a predicate offence.
NCLT Mumbai ruled that the existence of an arbitration clause does not prevent the initiation of Corporate Insolvency Resolution Process (CIRP) under the IBC when there is proven default.
The Madras High Court ruled that penalties for circular trading must equal the ineligible ITC availed, emphasizing adherence to statutory definitions in penalty assessments.
The Supreme Court upheld the Telangana High Court's decision not to entertain a delayed GST writ petition. The Court cited the precedent set in Glaxo Smith Kline, finding no reason to intervene.
The Delhi High Court has directed Jamia Millia Islamia to respond to a PIL claiming recruitment bias favoring Muslims for outsourced posts. This notice comes from a division bench amid allegations of discriminatory hiring practices.
The Delhi High Court has granted bail to female accused under the Prevention of Money Laundering Act (PMLA), holding that prolonged incarceration before trial is unacceptable. This landmark decision underscores legal provisions allowing for relaxation for women accused.