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SC takes suo motu cognisance of Central Secretariat Library relocationFeatured
Supreme Court of Indiaconstitutionalproperty

SC takes suo motu cognisance of Central Secretariat Library relocation

The Supreme Court has initiated a suo motu case concerning the proposed relocation of the 135-year-old Central Secretariat Library from Shastri Bhawan, New Delhi, amid the Central Vista redevelopment project. The matter is scheduled for hearing on October 5 before Justices PV Sanjay Kumar and Sanjeev Sachdeva, highlighting concerns over the preservation of a colonial-era institutional archive.

Oct 4, 2026Read more →
RBI Amends Shareholding Rules for Payments Banks, Small Finance Banks, and Commercial BanksFeatured
Reserve Bank of Indiabankingcorporate

RBI Amends Shareholding Rules for Payments Banks, Small Finance Banks, and Commercial Banks

RBI issues Amendment Directions, 2026, updating share acquisition and voting rights frameworks for Payments Banks, Small Finance Banks, Local Area Banks, and Commercial Banks. The revisions align with evolving ownership norms and risk governance expectations.

Oct 4, 2026Read more →
RBI Extends Curbs on Guwahati Co-op BankFeatured
Reserve Bank of Indiabankingcooperative_law

RBI Extends Curbs on Guwahati Co-op Bank

The RBI extended regulatory restrictions on The Industrial Co-operative Bank Ltd., Guwahati, until October 4, 2026, under Section 35A of the Banking Regulation Act. The bank remains under enhanced monitoring.

Oct 4, 2026Read more →
GST Search Authorisation Must Specify Power: Madras HCFeatured
Madras High Courttax

GST Search Authorisation Must Specify Power: Madras HC

Madras HC quashed a GST search where the authorisation failed to clearly mention the power exercised under Section 67; DIN must be shared, and coercive payments are not voluntary.

Oct 4, 2026Read more →
Budget 2026–27 Impacts M&A, Buybacks & IFSCFeatured
Parliament of Indiafemacorporate

Budget 2026–27 Impacts M&A, Buybacks & IFSC

Union Budget 2026–27 introduces changes affecting cross-border M&A, buyback taxation, IFSC incentives, and sector-specific liquidity.

Oct 4, 2026Read more →
RBI Allows One-Time Approval for Bank Share AcquisitionsFeatured
Reserve Bank of Indiabankingcorporate

RBI Allows One-Time Approval for Bank Share Acquisitions

RBI grants one-time approval for major shareholdings in Local Area Banks, Payments Banks, Small Finance Banks, and commercial banks for qualifying mutual funds, insurers, and pension funds.

Oct 4, 2026Read more →
SC Cancels Bail of Shiv Sena Corporator in Doctors' Assault CaseFeatured
Supreme Court of Indiacriminalconstitutional

SC Cancels Bail of Shiv Sena Corporator in Doctors' Assault Case

The Supreme Court has cancelled the bail granted to Shiv Sena corporator Ramesh Mhatre in a case involving alleged assault on doctors and hospital staff in Dombivli. The Court emphasized the need to send a strong message against violence targeting healthcare professionals.

Oct 3, 2026Read more →
RBI Amends Shareholding Rules for Commercial BanksFeatured
Reserve Bank of Indiabankingcorporate

RBI Amends Shareholding Rules for Commercial Banks

RBI revises acquisition norms for commercial banks, requiring prior approval and enhanced disclosure for significant shareholding changes.

Oct 3, 2026Read more →
Delhi HC Rules No Declaration Needed Under Section 11(2)Featured
Delhi High Courtintellectual_property

Delhi HC Rules No Declaration Needed Under Section 11(2)

The Delhi High Court in ZARA v. ZORA held that a formal declaration of well-known status under Rule 124 is not mandatory to invoke Section 11(2) protections. The ruling enables litigants to establish well-known status through evidence in individual cases.

Oct 3, 2026Read more →
Ozone Chairman Held in ₹927 Cr ED Money Laundering CaseFeatured
PMLA Special Court, Bengalurucorporatecriminal

Ozone Chairman Held in ₹927 Cr ED Money Laundering Case

A Bengaluru special court remanded Ozone Group Chairman Vasudevan Satyamurthy to 14-day ED custody in a money laundering case involving ₹927.22 crores, after the agency alleged proceeds of crime linked to real estate projects.

Oct 2, 2026Read more →
SC Weighs State's Duty vs. University's Presence in Land DisputeFeatured
Supreme Court of Indiaconstitutionalproperty

SC Weighs State's Duty vs. University's Presence in Land Dispute

The Supreme Court is hearing a challenge to Madras High Court's order directing eviction of a private university from government land allotted for an open prison. The Court suggested the State consider alternative land allocation, balancing public interest and institutional rights.

Oct 2, 2026Read more →
Telangana HC Grants Bail in ₹98.47 Crore Fake ITC CaseFeatured
Telangana High Courttaxcriminal

Telangana HC Grants Bail in ₹98.47 Crore Fake ITC Case

Telangana High Court granted anticipatory bail in a high-value fake ITC case, emphasizing custodial interrogation must be justified by tangible needs, not merely for recovery.

Oct 2, 2026Read more →
Calcutta HC: GST Demand Can’t Exceed Show Cause NoticeFeatured
Calcutta High Courttax

Calcutta HC: GST Demand Can’t Exceed Show Cause Notice

The Calcutta High Court ruled that a final GST demand cannot surpass the amount specified in the original show cause notice. The decision preserves procedural fairness and protects taxpayers from post-notice escalation.

Oct 2, 2026Read more →
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