Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The CDSCO's notice on brand name extensions by pharmaceutical companies signals heightened regulatory oversight. Concerns around different formulations under the same brand prompt calls for comments from industry stakeholders.
The Punjab and Haryana High Court has ruled that a pre-cognizance hearing under the BNSS is not mandatory for complaints by the SFIO under the Companies Act. This decision clarifies procedural nuances in corporate investigations.
The Bombay High Court upheld a decision to refuse charitable registration to a trust offering legal and professional services, emphasizing the trust's intended operations.
The Bombay High Court quashed a customs demand for glucometers, reiterating the binding classification of such devices under Tariff Heading 9027.
CESTAT Chennai ruled that ELFA-based VIDAS diagnostic kits qualify for customs exemptions available under the ELISA kits notification, addressing procedural discrepancies in earlier rulings.
The CBIC has extended the anti-dumping duty on seamless steel tubes and pipes imported from China until January 27, 2027. This decision is part of ongoing measures to protect domestic industries from unfair competition.
The RBI has introduced the 'Master Direction – Credit Derivatives Directions, 2026' to enhance regulation and oversight in credit derivatives markets. This revision is aimed at ensuring clarity and promoting growth in this segment.
The IBBI canceled an Insolvency Professional's registration due to systemic misuse of the CIRP process and compliance failures.
The Bombay High Court ruled that the moratorium under Section 14 of the IBC does not prevent deemed conveyance under Section 11 of the MOFA, restoring the society's application related to the matter.
RBI penalizes Bank of Baroda for violations in Fair Practices Code and KYC regulations.
The Calcutta HC has ruled that the IBC moratorium does not prevent pre-existing civil suits from proceeding, setting aside the dismissal of a guarantor suit against Canara Bank.
The NCLT has admitted Union Bank's insolvency petition, confirming that personal guarantors are liable under Section 98 of IBC.