Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Calcutta High Court has quashed an attachment order under the PMLA, ruling it did not meet the essential mandatory procedural safeguards laid out in Section 107, including the requirement of a 'reason to believe'.
FeaturedShardul Amarchand Mangaldas and Cyril Amarchand Mangaldas have advised Krishna Institute of Medical Sciences on its ₹1,500 crore Qualified Institutions Placement. This transaction strengthens the financial position of KIMS in the healthcare sector.
FeaturedThe Karnataka High Court has emphasized that maintenance orders should not be issued if the wife is financially independent and has a higher income than the husband. This ruling signals a shift in evaluating maintenance claims based on financial circumstances.
FeaturedThe Calcutta High Court quashed an attachment order under the PMLA, affirming that mandatory safeguards cannot be bypassed without proper justification. The court emphasized the necessity of prior notice and opportunity to be heard.
FeaturedThe Calcutta High Court invalidated an attachment order under the PMLA, stressing the necessity for procedural safeguards including a stringent 'reason to believe' standard.
FeaturedThe introduction of Schedule VDA in Income Tax Returns mandates meticulous transaction-wise reporting for crypto, NFTs, and other virtual digital asset income, facing a tax rate of 30%.
FeaturedThe RBI has issued a Master Direction enabling credit derivatives and total return swaps for corporate bonds, post stakeholder feedback on its draft directions. This step marks a significant advancement in the corporate finance sector.
FeaturedThe RBI's recent directives expand the credit derivatives market by introducing new instruments, enhancing the range of hedging tools available to market participants.
FeaturedThe RBI has introduced new Credit Derivatives Directions to enhance the regulatory framework for credit derivatives, replacing the previous set of guidelines.
FeaturedThe Calcutta High Court has directed a strict six-month timeline for concluding the liquidation of 32 banking companies, noting the absence of legal barriers despite recent amendments.
FeaturedThe Reserve Bank of India has issued the Master Direction for Credit Derivatives, facilitating the introduction of derivatives on credit indices and total return swaps on corporate bonds.
FeaturedA US federal court declined to dismiss criminal charges against Gautam Adani and others, citing inadequate reasoning from the DOJ. This ruling underscores the scrutiny surrounding high-profile corporate investigations.