banking
Monetary Penalty Imposed on The Citizens Urban Cooperative Bank
The Citizens Urban Cooperative Bank has received a ₹5 lakh penalty from the RBI for non-compliance with exposure norms.
Jun 30, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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banking
Monetary Penalty on The Chikmagalur District Co-operative Bank
The RBI has penalized The Chikmagalur District Co-operative Central Bank ₹1 lakh for violations under the Banking Regulation Act.
Jun 30, 2026Read more →
banking
RBI Imposes Monetary Penalty on Sri Bharathi Co-operative Bank
The RBI has imposed a penalty of ₹1.50 lakh on Sri Bharathi Co-operative Urban Bank for non-compliance on loan provisions.
Jun 30, 2026Read more →
banking
RBI Conducts Overnight Variable Rate Repo Auction on June 30, 2026
The RBI announced a Variable Rate Repo auction on June 30, 2026, with a total amount notified at ₹75,000 crore.
Jun 30, 2026Read more →
N/Aintellectual_property
Patent Search Strategies: A Three-Pass Funnel Approach
The post presents a structured approach for patent searches, focusing on narrowing down large results to actionable insights efficiently. This method aids practitioners under tight deadlines.
Jun 30, 2026Read more →
CESTATtax
Astronomy Coaching Not Covered Under ‘Cultures’ Exemption in Service Tax Law: CESTAT
The CESTAT ruled that astronomy coaching is a science-based activity, not eligible for service tax exemption intended for recreational arts or culture. This determination delineates the scope of the exemption in service tax law.
Jun 29, 2026Read more →
N/Acorporate
ICSI Advocates for DRT Appearance Rights for Company Secretaries
ICSI has requested the government to modify legislation allowing Company Secretaries to represent parties before DRTs, citing their expertise in insolvency matters.
Jun 29, 2026Read more →
Kerala High Courtcorporate
Kerala HC Questions NCLT’s Power to Impose Daily Penalties
The Kerala High Court found that the NCLT's imposition of a ₹1 lakh daily fine for non-compliance can be contested, allowing the petitioner to appeal this part of the NCLT order.
Jun 29, 2026Read more →
Punjab and Haryana High Court
Punjab and Haryana High Court Justice Mahabir Singh Sindhu dies at 59
Justice Mahabir Singh Sindhu of the Punjab and Haryana High Court has passed away at the age of 59. He had been a judge since 2017 and was scheduled to retire in 2029.
Jun 28, 2026Read more →
Registrar of Copyrights, Indiaintellectual_property
PPL Registered as Copyright Society for Sound Recordings
Phonographic Performance Limited (PPL) has been registered as a copyright society for sound recordings, a significant development aimed at enhancing copyright management in India. This registration facilitates better governance of sound recordings in compliance with the Copyright Act.
Jun 28, 2026Read more →
Reserve Bank of Indiacorporatebanking
Common Reporting Errors in FLA Portal Filing
A new article identifies 17 prevalent mistakes made by companies when filing the RBI's FLA Return, stressing the importance of understanding the associated reporting requirements to avoid regulatory issues.
Jun 28, 2026Read more →
High Court of Chhattisgarhcriminaltax
Chhattisgarh HC Grants Bail in ₹7.59 Crore Fake ITC Case
The Chhattisgarh High Court granted regular bail in a ₹7.59 crore fake Input Tax Credit case, determining further custodial interrogation was unnecessary.
Jun 28, 2026Read more →
ITATtax
PCIT Cannot Revise Assessment Over Alleged Illegal Commission Expenditure Deduction Which Taxpayer Never Claimed: ITAT
The ITAT ruled that the Principal Commissioner of Income Tax (PCIT) cannot revise an assessment based on a deduction that the taxpayer never claimed. This decision clarifies the limitations of PCIT's powers in assessment revisions.
Jun 28, 2026Read more →