RBI Approves Amalgamation of Two Sahakari Banks
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026.
In Huntington Alloys v Union of India, the Bombay HC scrutinizes the lack of rationale in the IPO's refusal of an atomic energy patent, raising important issues on patent adjudication.
The Calcutta High Court has reaffirmed the authors’ rights concerning the economic exploitation of their works embedded in sound recordings, underlining the significance of authors' entitlements in the copyright regime.
The Delhi High Court's pro-tem order in Malikie v. Xiaomi raises concerns about jurisprudential clarity in Standard Essential Patent (SEP) cases, emphasizing essentiality assessment and rate calculation complexities.
The Indian government has increased the concessional import duty on gold, silver, and platinum from 4.35% to 10%. This change is effective from May 13, 2026, under Notification 57/2000-Customs.
The Bombay High Court has mandated the establishment of a special NCLT Bench after an insolvency petition was left pending without orders. The court emphasized that such delays undermine the intent of IBC proceedings.
The Andhra Pradesh High Court has ruled that insurers cannot evade liability without evidence proving a lack of a valid driving license. The court also upheld compensation based on gross salary.
NCLT Mumbai ruled that an arbitration clause does not prevent the initiation of Corporate Insolvency Resolution Process (CIRP) once a financial default has been established under Section 7 of the IBC.
The Delhi High Court ruled that GST was applicable to frozen chicken supplied to the Indian Army, directing reimbursement of GST along with interest due to delayed payment.
The Karnataka High Court upheld the legality of consolidated GST show cause notices covering multiple financial years, clarifying that the law does not restrict notices to a single fiscal period.
The GST Appellate Tribunal (GSTAT) upheld findings against a developer for failing to transfer the full benefit of Input Tax Credit (ITC) to homebuyers, confirming that excess benefits provided to some cannot offset losses to others.
The Bombay High Court ruled that GST registration cannot be cancelled without proper hearing and a reasoned order, quashing existing cancellation orders that violated the principles of natural justice.