AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Gauhati High Court annulled a GST registration cancellation order, noting the absence of a reasoned decision. The court emphasized the need for accountability in authority actions.
Karnataka High Court ruled against quashing a PMLA case involving a ₹20 crore land scam, emphasizing that it cannot conduct a mini-trial at the quashing stage. The court noted the seriousness of the allegations and the existence of a chargesheet.
SEBI has updated the ETF trading framework to improve price discovery and address inefficiencies arising from T-2 NAV-based pricing.
SEBI is proposing comprehensive changes to the Margin Trading Facility framework to enhance risk management and compliance efficiencies.
SEBI has proposed significant reforms to IT regulations regarding trading software, focusing on modernizing compliance processes and enhancing operational efficiency.
SEBI's recent reforms reclassify REITs as equity instruments and ease operational requirements for InvITs, aiming to enhance market efficiency. However, some key regulatory issues remain unresolved.
SEBI has formed an Expert Working Group to examine and enhance the regulatory framework governing Debenture Trustees. The initiative aims to strengthen trustee responsibilities and align regulations with the evolving dynamics of the debt market.
The Supreme Court clarified that service classification disputes must be resolved by statutory authorities, reinstating notices previously set aside by the High Court.
The NCLT admitted a Section 7 IBC application, emphasizing that debt acknowledgments in balance sheets and an OTS proposal kept the application within the limitation period.
India's CSIR and Brazil’s INPI have collaborated on access to the Traditional Knowledge Digital Library, a development with implications for global biodiversity governance and patenting practices.
The Karnataka High Court has upheld the criminal proceedings against a travel agent involved in renewing a passport for an alleged terrorist. The judgment emphasizes the seriousness of aiding terrorism.
The Karnataka High Court expressed that the involvement of politicians and public servants in heinous crimes is rare. This statement came during the hearing of an appeal by former MLA Vinay Kulkarni against his life sentence for the murder of BJP leader Yogesh Gowda.
The RBI has implemented the Credit Derivatives Directions, 2026, establishing a detailed regulatory regime for credit derivatives, enhancing operational guidelines for participants.