Scrutiny of Brand Name Extensions by Pharma Companies
The CDSCO has initiated scrutiny over brand name extensions by pharma companies, signaling potential regulatory changes in the industry.
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The CDSCO has initiated scrutiny over brand name extensions by pharma companies, signaling potential regulatory changes in the industry.
The Himachal Pradesh High Court recently ruled that isolated 'trap purchases' in a patent infringement case cannot establish jurisdiction. This decision reinforces the need for substantive connections in IP litigation.
The Telangana High Court granted conditional bail in a significant ₹12 crore HSNS Cess evasion case, considering custody duration and the absence of a custody petition. Practitioners should note the Court's approach to balancing judicial discretion and custodial rights.
RBI's draft guidance emphasizes the importance of board oversight and data governance as foundational elements for responsible AI deployment within financial institutions. This is part of a broader initiative to ensure accountability in data usage.
The Reserve Bank of India (RBI) has canceled the registrations of 135 non-banking financial companies (NBFCs) under Section 45-IA. This action reflects ongoing regulatory scrutiny and adherence to the 'SBR framework' for ensuring cooperative and healthy practices within the sector.
The Bombay High Court has remanded the proceedings regarding wilful defaulter orders, allowing for their withdrawal due to violations of natural justice. Fresh proceedings will require the disclosure of relevant material, personal hearings, and reasoned orders.

The Gujarat High Court granted anticipatory bail to petitioners involved in a partnership dispute, clarifying that financial discrepancies in ITRs do not constitute evidence of a money lending offence.

The Calcutta High Court quashed a show cause notice issued by Bank of Baroda, ruling that reliance on an inconclusive forensic audit report without further inquiry was unjustified.

The Punjab and Haryana High Court emphasized that simply stating a taxpayer's response as 'not satisfactory' is insufficient for valid GST adjudication. The court's ruling underscores the need for a detailed assessment of a taxpayer's justification.
The Calcutta High Court declined TMC's request to operate frozen bank accounts linked to an ED investigation worth ₹440 crore.
Khaitan & Co has facilitated a Composite Scheme of Arrangement for the amalgamation of Woodlands Multispeciality Hospital and RPSG Ventures Limited.
A judge of the Allahabad High Court has filed a petition against the denial of tax exemption on statutory allowances. The Court has requested responses from the government and the CBDT.

The NCLT has accepted a Section 7 insolvency plea by Indian Overseas Bank against a toll road company following a ₹117.74 crore debt default.