AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
India has broadened the scope for foreign nationals to invest in its stock market, enhancing portfolio investment access while maintaining regulatory safeguards.
The RBI has published draft Master Directions aimed at enhancing liquidity in the money market, inviting stakeholder feedback until July 17, 2026. The proposed measures are expected to broaden market participation.
The newly introduced Schedule VDA in the Income Tax Return (ITR) framework focuses on transaction-wise reporting of income derived from cryptocurrencies, NFTs, and other Virtual Digital Assets (VDAs), which are taxable at 30% under Section 115BBH.
The NCLT has initiated the Corporate Insolvency Resolution Process (CIRP) against Utkal Steels, confirming that the guarantor's liability corresponds directly with that of the principal borrower.
The ITAT ruled that the Income Tax Department must maintain consistent positions in similar cases concerning long-term capital loss claims.
The RBI has released the Master Directions for Credit Derivatives, introducing new compliance guidelines. Key elements focus on credit index derivatives and total return swaps to promote market stability.
The Reserve Bank of India has issued the Sixth Amendment to the Foreign Exchange Management (Deposit) Regulations, enhancing regulatory clarity. This amendment aims to streamline deposit procedures in compliance with the Foreign Exchange Management Act, 1999.
The Kerala High Court has ruled that a petitioner can contest a NCLT-imposed fine of ₹1 lakh per day for non-compliance, allowing time to appeal.
A collaboration between India's CSIR and Brazil's INPI on the Traditional Knowledge Digital Library (TKDL) signifies a new phase in global biodiplomacy, with implications for biodiversity governance and user-country compliance.
Judges of the Gauhati High Court have expressed differing views on whether the 'reason to believe' for property attachment under the PMLA is confidential. The ruling may affect the transparency of provisional attachment orders made by enforcement agencies.
A Bengaluru court has issued summons to Karnataka Home Minister Priyank Kharge and Mohammed Nalapad for alleged criminal defamation concerning remarks against the RSS. The court found sufficient grounds under Section 356 of the Bharatiya Nyaya Sanhita to proceed with cognizance.
India's CSIR and Brazil's INPI have collaborated on the Traditional Knowledge Digital Library (TKDL), a strategic step in the governance of traditional knowledge and biodiversity.
The Delhi High Court upheld a nationwide temporary ban on the Telegram platform, highlighting the implications of platform architecture on regulation. This ruling reflects a shift towards recognizing 'architectural liability' in public law contexts.