Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has established a special facility to meet the full daily foreign exchange requirements of three public sector oil marketing companies starting October 12, 2026. The move aims to ensure smooth forex access for critical energy imports.
The interplay between Section 47 cancellation proceedings and Section 124 of the Trade Marks Act, 1999 has led to conflicting rulings from the Delhi and Calcutta High Courts. The core issue: whether non-use cancellation triggers an automatic stay of infringement actions.
In TCRC v. Ganga Rudraiah, the Madras High Court examined copyright ownership under Section 17(b) of the Copyright Act, 1957, highlighting the risks of unwritten arrangements. Acquiescence and absence of consideration undermined the defendant's claim to BTS photographs from the film 'Aval Appadithan'.
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.