AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedRBI 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.
FeaturedThe 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.
FeaturedMadras 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.
FeaturedUnion Budget 2026–27 introduces changes affecting cross-border M&A, buyback taxation, IFSC incentives, and sector-specific liquidity.
FeaturedRBI 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.
FeaturedThe 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.
FeaturedRBI revises acquisition norms for commercial banks, requiring prior approval and enhanced disclosure for significant shareholding changes.
FeaturedThe 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.
FeaturedA 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.
FeaturedThe 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.
FeaturedTelangana 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.
FeaturedThe 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.
FeaturedThe Supreme Court ruled that judges must not inject personal morality into bail or trial proceedings, setting aside a High Court order that denied bail based on 'moral' grounds.