AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
A company and its directors face penalties for not filing financial statements from FY 2017-18 to 2022-23, highlighting compliance under Section 137 of the Companies Act.
ROC Chandigarh penalized a company and its directors for failing to approve financial statements as required under Section 179(3) of the Companies Act.
The Calcutta High Court has reinforced that a Container Freight Station (CFS) operator cannot avoid liability for Customs charges based on the absence of formal sanction for the officer's position. The ruling emphasizes the importance of the substance of transactions over formal procedural aspects.
The NCLT Principal Bench ruled that the assignment of avoidance proceedings and residual assets during liquidation permits dissolution when no further assets remain for distribution.
The Supreme Court established two additional election tribunals to address disputes from ongoing State Bar Council elections, enhancing the resolution mechanisms available for legal practitioners.
The ITAT ruled that remote access and virtual services do not equate to a Permanent Establishment under the India-Canada DTAA, rejecting the 'Virtual Service PE' theory in a case involving IMAX Theatre Services.
The DGFT has set new regulations capping gold imports under the Advance Authorisation Scheme at 100 kg, aimed at compliance and regulatory oversight.
Zee Entertainment files a lawsuit against Nykaa, claiming INR 2 crores for unauthorized use of copyrighted music in Instagram reels.
The Delhi High Court has officially declared GSK's CALPOL as a well-known trademark amid a trademark infringement suit. This recognition acknowledges the brand's reputation and protects it from unauthorized use.
The Reserve Bank of India has issued new directives regarding the conduct of government business by agency banks, addressing the payment of agency commissions.
The Reserve Bank of India has introduced the Foreign Exchange Management (Authorised Persons) Regulations, 2026 to streamline the authorization framework under the Foreign Exchange Management Act.
The Reserve Bank of India has released amendments to capital adequacy norms for commercial banks aimed at reinforcing their financial stability.
The Reserve Bank of India published the Fourth Amendment Directions, 2026 concerning capital adequacy for Small Finance Banks, revising the existing legal framework.