AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedRBI directs all financial institutions to enforce restrictions under UAPA following the government’s designation of a new terrorist organisation listed in the First Schedule of the Act.
FeaturedSAT holds approved resolution plan under IBC immunizes corporate debtor from SEBI penalties, though directors' violations may still attract sanctions.
FeaturedThe SEBI Board has approved comprehensive reforms enhancing investor protection and market efficiency across PMS, REITs, InvITs, and AIFs. Key measures include simplified nomination norms, updated settlement mechanisms, and expanded reporting requirements.
FeaturedNCLAT dismissed a personal guarantor’s appeal, holding that an arbitral award enforcing joint liability does not convert a guarantor into a co-borrower under IBC.
FeaturedChhattisgarh High Court bars reopening of completed assessment by successor AO based solely on belief that predecessor erred in allowing deductions.
FeaturedHimachal Pradesh High Court permits taxpayer to re-challenge reassessment proceedings under Section 147A, following Supreme Court's remand directing High Courts to re-examine such cases.
FeaturedPunjab & Haryana High Court has rebuked GST authorities for arresting a trader despite ongoing judicial proceedings, directing immediate release and flagging record manipulation.
FeaturedCyril Amarchand Mangaldas, S&R Associates, and Hogan Lovells advised on Hero Motors' ₹1,000 crore IPO, comprising fresh issue and offer for sale by promoters.
FeaturedNew RBI directions mandate capital requirements for market risk in commercial banks, defining trading book boundaries and risk measurement standards.
FeaturedRBI finalises framework for novation of over-the-counter derivative contracts following stakeholder feedback.
FeaturedThe Delhi High Court set aside the Controller’s refusal of Fresenius Kabi’s Sugammadex patent, citing procedural flaws under Section 14 of the Patents Act. The order underscores strict compliance with hearing requirements and warns against hindsight bias in inventive step analysis.
FeaturedPunjab and Haryana HC quashed GST audit notices under Section 74 after department failed to consider assessee's reply before finalizing audit report.
FeaturedOrissa High Court held that writ petitions under Articles 226/227 are maintainable against orders under Section 37(1) of the Arbitration and Conciliation Act, 1996, where there is egregious illegality, perversity, or lack of jurisdiction.