Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court upheld the rejection of a patent application for 'Co-crystals of Tramadol and Coxibs' due to lack of inventive step, clarifying the threshold for non-obviousness under Section 2(1)(ja). The decision highlights the judiciary's strict scrutiny of pharmaceutical patents.
The Kerala High Court ruled on government use of a patented cancer drug under Section 100 of the Patents Act, balancing public health needs against patent rights. The decision emphasizes procedural fairness and transparency in compulsory licensing contexts.
SEBI revises AIF Regulations to introduce securities market exposure criteria for accredited investors and strengthens dispute resolution mechanisms.
SEBI amends Mutual Fund advertisement rules, replacing outdated provisions with the unified Common Advertisement Code under Intermediaries Regulations.
SEBI proposes direct reporting by agencies on issue proceeds, stricter disclosures, and penalties for non-compliance to prevent diversion of funds.
SEBI proposes new SME IPO eligibility based on market cap, ₹3 crore operating profit, and mandates ₹1 lakh minimum application, pending public feedback.
SEBI amends Regulation 62A to require listed entities to list subsequent issues of non-convertible debt securities, enhancing transparency and investor protection.
SEBI has amended the REIT Regulations, 2014, permitting depository receipts, modifying unitholder voting requirements, and updating sponsor exit mechanisms.
SEBI has amended the InvIT Regulations, 2017 to permit issuance of depository receipts, revise voting thresholds, and strengthen protections for dissenting unitholders during sponsor exit.
SAFEMA Tribunal deletes penalties of ₹50,000 and ₹5,000 for traders exchanging currency with RBI-licensed money changers.
SAFEMA Tribunal reduces Sanjay Jain’s penalty from ₹10 lakh to ₹5 lakh but upholds confiscation of unexplained foreign currency holdings.
SAFEMA Tribunal allows PMLA attachment without physical possession, protects occupancy rights, and mandates rental deposits during trial.