Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
SEBI has introduced a risk-based framework for market intermediary inspections for the fiscal year 2026-27, allowing joint inspections and reducing the frequency of inspections. This aims to optimize resource allocation and strengthen regulatory oversight.
In the case of Novartis AG v. Venkata Narayana Active Ingredients, the Madras High Court has provided clarity on the evidentiary requirements for invoking the Bolar exemption, marking a notable development in pharmaceutical patent law.
The Bombay High Court has upheld the Directorate General of Foreign Trade's (DGFT) ban on sugar exports, despite significant financial losses to exporters. The court emphasized that its decisions are based on legal principles rather than anticipated outcomes.
InterGlobe Enterprises and Accor have received unconditional approval for their merger from the CCI. JSA Advocates facilitated the merger control process, advising the parties involved throughout.
The ITAT upholds the fair market value as the cost of acquisition under Section 49(2AA) for NRIs calculating capital gains on ESOPs, providing significant relief for foreign investors.
The CESTAT has permitted CENVAT credit on residential facilities provided to work-from-home employees, recognizing business operations' evolving structure.
The Supreme Court ruled that appeals filed with the High Court before the SEBI Act amendment remain valid, reinforcing the rights of parties engaged in ongoing litigation.
The Reserve Bank of India has imposed monetary penalties on three firms, citing non-compliance with KYC and governance norms, with penalties ranging from ₹2.70 lakh to ₹5.40 lakh. This action underscores the RBI's strict regulatory oversight.
On August 10, 2026, the RBI conducted a 7-day Variable Rate Reverse Repo (VRRR) auction, accepting ₹95,810 crore at a cut-off rate of 5.24%. This operation aimed to manage liquidity in the market and is a crucial tool in the RBI's monetary policy framework.
The RBI has introduced a Dollar-Rupee Forex Swap Scheme aimed at supporting foreign borrowings while addressing currency devaluation concerns. This scheme presents both opportunities and risks for ECB borrowers.
The Bombay High Court is set to decide whether TNMM benchmarking can apply to determine the arm's length price at the entity level for combined transactions. The court has allowed the appellant to raise additional questions of law.
The Reserve Bank of India has invited public comments on its draft directions regarding the Credit Valuation Adjustment (CVA) framework, aiming to enhance risk management in financial transactions.