AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has introduced the All India Financial Institutions - Responsible Business Conduct Third Amendment Directions, 2026, focusing on the responsibilities of recovery agents. These changes aim to enhance accountability in the operations of financial institutions.
The Reserve Bank of India has released the Non-Banking Financial Companies Third Amendment Directions, 2026, focusing on responsible lending conduct and the role of recovery agents. This amendment aims to establish strict compliance measures to protect consumers.
The Reserve Bank of India has issued the Housing Finance Companies Third Amendment Directions, 2026, which includes updated guidelines on the engagement of recovery agents. These revisions aim to streamline practices within housing finance establishments while reinforcing consumer protections.
The Reserve Bank of India has imposed monetary penalties on three firms, citing non-compliance with KYC and governance norms, with penalties ranging from ₹2.70 lakh to ₹5.40 lakh. This action underscores the RBI's strict regulatory oversight.
On August 10, 2026, the RBI conducted a 7-day Variable Rate Reverse Repo (VRRR) auction, accepting ₹95,810 crore at a cut-off rate of 5.24%. This operation aimed to manage liquidity in the market and is a crucial tool in the RBI's monetary policy framework.
The Delhi High Court has granted the trademark 'ALPHARD' well-known status, setting a precedent on trans-border reputation and brand visibility in niche markets.
In Novartis AG v. Venkata Narayana Active Ingredients, the Madras High Court provided essential insights into the evidentiary requirements necessary for invoking the Bolar exemption regarding regulatory approval for drug exports.
In Home Box Office Inc. v. Streamzy.To, the Delhi High Court addressed the complexities of dynamic injunctions in combating online piracy while ensuring the roles of ISPs are preserved.
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 RBI has introduced a Dollar-Rupee Forex Swap Scheme aimed at supporting foreign borrowings while addressing currency devaluation concerns. This scheme presents both opportunities and risks for ECB borrowers.
The Madras High Court has dismissed a writ challenging the findings of the RBI Ombudsman concerning GST refunds, bank guarantee charges, and NPA classifications. The ruling emphasizes the Ombudsman's authority in addressing grievances related to banking operations.
The Bombay High Court is set to decide whether TNMM benchmarking can apply to determine the arm's length price at the entity level for combined transactions. The court has allowed the appellant to raise additional questions of law.
The Karnataka High Court granted anticipatory bail to GST dealers implicated in bogus ITC claims, emphasizing that genuine purchasers cannot be penalized absent proof of collusion.