Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court in ZARA v. ZORA held that a formal declaration under Rule 124 is not mandatory to invoke the well-known status of a trademark under Section 11(2) of the Trade Marks Act, 1999. The ruling emphasizes evidence-based assessment over procedural formalities.
SEBI mandates uniform risk disclosure via Credit Risk-o-Meter in offer documents, ads, and online platforms for all debt securities after a 45-day transition.
SEBI proposes allowing FPIs broader participation in commodity derivatives with T-3 settlement, position transfer rules, and risk controls.
SEBI proposes depository receipts for REITs and InvITs at IFSC to boost NRI investment and global market access, with safeguards for private trusts.
SEBI proposes governance reforms for REITs and InvITs, including 75% voting thresholds, dissenting unitholder rights, and sponsor exit rules.
SEBI’s 2026 Settlement Regulations revise penalty calculations, introduce fast-track procedures, and prescribe updated timelines and disclosure norms.
SEBI’s Portfolio Managers Regulations, 2026, effective April 2027, introduce a comprehensive regime for registration, capital, PRIM, and client safeguards.
SEBI’s 2026 amendment extends vault manager regulations to gold and silver ETFs and bullion derivatives, enhancing custody, insurance, and investor protection norms.
GSTAT Lucknow set aside a ₹63.72 lakh penalty under Section 129 GST for delayed e-invoice generation, holding that possession of invoice, e-way bill, and transport documents negated any intent to evade. The ruling emphasizes proportionality in penalty imposition.
The Gujarat High Court directed the tax authorities to complete adjudication proceedings within eight weeks and granted an additional two weeks for compliance, staying coercive measures in the interim. The move underscores judicial emphasis on fair procedure before enforcement.
The Delhi High Court stated that Amitabh Bachchan must appear personally to pursue his personality rights infringement suit. The direction was issued to encourage settlement and ensure judicial efficiency in high-profile IP disputes.
The Madhya Pradesh High Court directed state police to produce two individuals detained en route to Delhi for the CJP protest. The bench permitted safe return arrangements but insisted on judicial oversight, balancing individual liberty and preventive detention concerns.