AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Calcutta High Court ruled that a Cash Credit or Overdraft account cannot be classified as a Non-Performing Asset (NPA) unless it meets the criteria of being overdue for 90 days or is deemed 'out of order.' This ruling reinforces the strict adherence to banking regulations concerning NPA categorization.
The Supreme Court has upheld the claims of a financial creditor regarding a commercial unit allotment made to settle service dues, emphasizing the importance of directing attention towards creditors' rightful claims under the IBC framework.
The Telangana High Court has affirmed that reassessment under the Income Tax Act can continue even after Corporate Insolvency Resolution Process (CIRP) approval, clarifying the limits of liability extinguishment post-resolution.
The Supreme Court has quashed IPC defamation proceedings against bank officers over an error in a SARFAESI notice. The Court held that vicarious liability does not apply, thereby protecting legitimate actions taken in good faith under the SARFAESI Act.
The Supreme Court limits writ jurisdiction in arbitration cases, specifying that writs can only be entertained in instances of a clear lack of jurisdiction. This ruling develops the understanding of the interplay between Section 16 objections and extraordinary relief in arbitration contexts.
The Delhi High Court granted the ALPHARD trademark well-known status, affirming its trans-border reputation and establishing a test for assessing such reputation in luxury markets.
In Saregama v. Ilaiyaraaja, the Delhi High Court provided clarity on the evidentiary threshold necessary to establish copyright ownership at the interim stage, although some ambiguity remains regarding assignment validity and rights in the digital age.
The Delhi High Court has taken steps to clarify the obligations of internet service providers (ISPs) regarding copyright enforcement amidst ongoing tensions with Section 79 of the IT Act. The court directed clarity from Meta concerning its Rights Manager tool policies, raising essential questions about intermediary liability.
The Calcutta High Court quashed the automatic confirmation clause in ITAT proceedings related to Section 68, restoring the appeal for fresh adjudication and reducing the imposed cost.
The Kerala High Court has ruled that a Chief Judicial Magistrate (CJM) is empowered to restore possession of a secured asset to a creditor following an early delivery of possession under Section 14 of the SARFAESI Act.
The CBDT has notified the Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026, aimed at ensuring compliance among small taxpayers regarding foreign assets. This initiative is expected to enhance transparency and tax compliance.
The Bombay High Court cautioned against using legal proceedings as a 'proxy war' during its hearing of Arnab Goswami's plea to quash an FIR related to a 2018 case. This highlights the court's stance on ensuring judicial processes are not misused.
The Delhi High Court has instructed the Ministry of Information and Broadcasting, CBFC, and film producers to discuss the inclusion of accessibility features for disabled audiences in cinemas and OTT platforms. This ruling underscores the importance of making entertainment more inclusive.