AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT has established that an amount exceeding ₹50 lakhs must be present for reopening an assessment after three years, invalidating prior approvals under Section 151.
The Income Tax Appellate Tribunal (ITAT) has ruled that no assessment or reassessment proceedings can be initiated against a company during the moratorium period under the Insolvency and Bankruptcy Code, 2016.
The RBI has issued amendments for credit risk management in Non-Banking Financial Companies, reinforcing regulatory requirements.
The RBI has issued new amendments focusing on the resolution of stressed assets within All India Financial Institutions, refining risk management frameworks.
The RBI has introduced amendments focusing on income recognition, asset classification, and provisioning for financial institutions to enhance financial stability.
The RBI's latest amendments aim to enhance responsible business conduct among all India financial institutions in alignment with risk assessment frameworks.
The RBI has introduced the second amendment to directions concerning credit risk management in All India Financial Institutions, enhancing risk assessment protocols.
The RBI has released draft Amendment Directions aimed at enhancing banks' flexibility in deposit pricing. Stakeholders are invited to submit their comments.
The Central Government re-appointed Shri Swaminathan Janakiraman as Deputy Governor of the RBI for two years from June 26, 2026. This appointment is critical for governance within the Reserve Bank as it continues to navigate complex economic challenges.
The Saket District Court's ruling in Anamika Sood v. Saregama highlights the tension between copyright protection and commercial interests, affirming Sood as the rightful owner of her song amidst broader concerns over copyright misuse.
In Hindware v. Grohe, the Delhi High Court differentiated between the use of generic and source-identifying marks in keyword advertising, narrowing the safe harbor for Google and similar platforms.
The Delhi High Court ruled that Google's allowance for rival bidding on the keyword 'HINDWARE' constitutes trademark infringement, thereby setting a precedent in keyword advertising disputes.
In response to increasing backlog, the ITAT has implemented a priority disposal mechanism for appeals filed by 2022. This initiative aims at expediting hearings and reducing delays in tax litigation.