AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Insurance Regulatory and Development Authority of India (IRDAI) has approved investments in NDB Maharajah INR bonds by insurers, subject to specific eligibility and rating criteria. This marks a significant regulatory change to bolster insurer investment portfolios.
The RBI has issued directions to Desaiganj Nagari Cooperative Bank, effective August 27, 2026, to ensure compliance with banking regulations.
On August 25, 2026, RBI issued directions under the Banking Regulation Act to The Citizens Co-operative Bank, Jammu, in light of regulatory compliance requirements.
The Bombay High Court emphasized procedural fairness in patent opposition cases, ruling that patent revocation based on undisclosed evidence undermines the rights of patentees and opposition boards. This decision underscores the necessity for transparency in the evidentiary process during patent assessments.
The Andhra Pradesh High Court has set aside a composite GST assessment and allowed fresh separate GST orders for multiple tax periods.
The Telangana High Court has set aside a GST show cause notice and order for violating the statutory timeline stipulated in Section 73(2).
The Madras High Court has overturned a GST detention order for being issued beyond the stipulated seven-day limit in the GST Act.
The Orissa High Court quashes a GST penalty order that was communicated beyond the seven-day limit specified in Section 129(3).
The Orissa High Court has set aside a ₹28.81 crore GST order due to a violation of natural justice principles. The matter has been remanded for a fresh consideration.
The Gujarat High Court has quashed a reassessment notice for AY 2012-13, ruling that it constitutes a mere change of opinion on an issue that had already been examined during the scrutiny assessment. This clarification emphasizes the principle against reopening assessments based on previously adjudicated matters.
The Reserve Bank of India has permitted the exclusion of eligible FCNR(B) and NRE-funded advances from the Adjusted Net Bank Credit (ANBC) for Priority Sector Lending (PSL) targets, contingent on certain deposit duration regulations. This decision intends to enhance liquidity and investment in eligible sectors.
The Delhi High Court ruled that an employee cannot be penalised for their employer's tax deduction default. This decision is based on Section 205 of the Income Tax Act, which prevents the tax department from deducting amounts from an employee when tax has already been deducted.
The NCLT has admitted Canara Bank's insolvency plea against a corporate guarantor worth ₹119.64 crore, confirming that the Corporate Insolvency Resolution Process (CIRP) of a principal borrower does not preclude the initiation of insolvency proceedings against the guarantor.