AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
This edition of the SpicyIP Weekly Review explores significant developments in intellectual property law over the last two weeks. It covers various topics related to IP including events, competitions, and notable cases.
The Madras High Court permitted a delayed appeal regarding the GST on royalty issue, considering the matter is pending decision from the Supreme Court.
The GSTN announced a revised timeline for the amendment of Aggregate Annual Turnover (AATO) for FY 2025-26 due to system upgrades. The amendment window is from July 1-31, 2026.
Chhattisgarh High Court granted bail in a ₹7.59 crore fake ITC case due to lack of evidence linking the applicant to the firm. The court left other issues of involvement for trial.
The Finance Ministry has revised the customs tariff value for silver imports from USD 2,175/kg to USD 1,897/kg, effective from June 30, 2026. This change is expected to impact silver import operations significantly.
In a recent ruling, the NCLT clarified that financing under the TReDS framework is not considered financial debt and does not involve disbursing funds to the corporate debtor.
The RBI has announced modifications to returns and reporting requirements under the Foreign Exchange Management Act, updating compliance responsibilities for authorized persons.
The Reserve Bank of India has initiated a review of circulars issued under the Foreign Exchange Management Act since 2000 to rationalize its regulatory framework. This aims to enhance operational clarity for authorized persons.
SEBI has granted additional time for merchant bankers to comply with newly revised SBU segregation and net worth norms due to implementation difficulties.
The RBI has published the results of the auction of State Government Securities held on June 30, 2026, detailing amounts and tenors.
The RBI has published sectoral deployment data on bank credit for May 2026, highlighting significant growth in non-food bank credit.
The RBI has released the monthly data on India’s international trade in services for May 2026, indicating fluctuations in exports and imports.
The Reserve Bank of India has initiated its annual Survey on International Trade in Banking Services for 2025-26, providing critical data on banking operations.