AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Andhra Pradesh High Court has ruled that chewing tobacco is not classified as food under the Food Safety and Standards Act (FSS Act), quashing related FIRs.
The Kerala High Court affirmed the rejection of education loans over a parent’s low credit score, aligning with the IBA Scheme, but allowed for reconsideration if a qualified co-borrower is present.
The Debt Recovery Appellate Tribunal (DRAT) Chennai denied a 2417-day delay request, affirming the dismissal of the recovery appeal against a Debt Recovery Tribunal (DRT) order. The tribunal emphasized the need for prompt actions in recovery matters.
The recent auction of State Government Securities on July 21, 2026, reported a total notified amount of ₹3,500 crore with full acceptance of the bid amounts. Key states involved include Assam, Bihar, and Chhattisgarh.
On July 22, 2026, the RBI announced a Variable Rate Repo auction to manage liquidity, with a total notified amount of ₹75,000 crore. The auction aims to stabilize financial conditions during evolving market dynamics.
The RBI successfully conducted a 2-day Variable Rate Repo auction with a notified amount of ₹75,000 crore. The total amount of bids received was ₹7,200 crore with a cut-off rate and weighted average rate set at 5.26%.
The Calcutta High Court has ruled that respondents cannot contest the maintainability of customs appeals prior to their admission, directing ex parte proceedings. This ruling clarifies procedural aspects in customs appeals.
The CAAR Mumbai has classified Vistacell H under Tariff Item 21022000, ruling it as inactive yeast instead of an animal feed preparation under Heading 2309. This classification carries implications for tax obligations.
CBIC has amended Notification No. 62/1994 to include Udangudi, Tamil Nadu, for the unloading of imported coal. This notification facilitates compliance and streamlines import processes for coal handlers in the region.
The RBI has provided information on the premature redemption price for Sovereign Gold Bonds due on July 21, 2026, allowing investors to redeem bonds five years post-issue.
Open Secret has secured ₹50 crore in funding, with legal counsel provided by VERTICES PARTNERS. The funding is led by Desai Brothers Group.
The Calcutta High Court has directed the transfer of ₹1.38 crore along with accrued interest to the One Man Committee, dismissing a related writ petition as withdrawn. This decision is crucial for both the Committee and Tower Infotech’s ongoing SEBI dispute.
ROC Kolkata penalises a company and its director for incorrectly filing AOC-4 instead of the required AOC-4 XBRL format.