AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has issued notifications regarding amendments to the UNSC's sanctions list under Section 51A of the UAPA, which affect commercial banks and financial institutions. The updates include important changes that practitioners must be aware of for compliance purposes.
The Reserve Bank of India has updated four entries in the UNSC sanctions list related to ISIL and Al-Qaida. This update mandates all regulated entities to comply with the provisions of Section 51A of the Unlawful Activities (Prevention) Act.
The Kerala High Court Advocates' Association has pushed for the immediate enactment of a Lawyers Protection Act following a violent attack on lawyers' family members. The incident highlights the urgent need for enhancing safety measures for legal professionals.
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 SAFEMA Tribunal has upheld the benami attachment of ₹98 lakh relating to demonetized cash and RTGS transfers, reinforcing the framework against benami transactions.
The SAFEMA Tribunal upheld the attachment of a 1998 insurance policy, asserting that the premiums had been financed through proceeds of crime. The tribunal dismissed an appeal challenging the attachment, reinforcing the legal stance on asset recovery.
The Tripura High Court upheld the criminal defamation case against Madhabi Biswas Chakraborty, rejecting her plea to quash charges related to derogatory posts about the PM and others.
A U.S. District Court has dismissed securities and wire fraud charges against Gautam Adani and two other executives, concluding a high-profile case while noting the unusual nature of the decision.
The Supreme Court has quashed an FIR against a property vendee, determining that the sale had been duly authorized by a Power of Attorney (PoA). The court ruled that the dispute did not warrant criminal action against the vendee.
The SAFEMA Tribunal has ruled that the Enforcement Directorate cannot attach properties bought by bona fide buyers in a developer's fraud case, clarifying the definition of 'proceeds of crime'.
The Karnataka High Court has granted anticipatory bail to GST dealers accused in a bogus input tax credit scheme, emphasizing that genuine purchasers cannot be penalized without proof of collusion.
The SAFEMA Tribunal ruled that accounted plots belonging to bona fide buyers cannot be considered as proceeds of crime in a developer’s fraud case, thereby protecting the rights of such buyers.
The Karnataka High Court granted anticipatory bail to GST dealers by stating that a bogus GST ITC claim by a supplier cannot be grounds for penalizing a genuine purchaser without proof of collusion. This protects buyers in situations involving fraudulent claims.