AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has introduced a quarterly calendar for state government borrowings, promoting transparency and market efficiency. This initiative involves nine states for better structured funding.
The collaboration between India's CSIR and Brazil's INPI on the Traditional Knowledge Digital Library marks a significant step in global biodiversity governance.
The Delhi High Court upheld the temporary blocking of Telegram, citing architectural liability and its implications for public law. The court's decision signals a potential shift in how digital platforms may be regulated under existing laws.
Analyzing the implications of the Income Tax Act, 2025, which reinstates capital gains taxation on share buybacks.
The Calcutta High Court ruled that Section 107 of the BNSS Act does not provide adequate safeguards for third parties, applying a stringent 'reason to believe' test to quash a property attachment order. This highlights the need for more comprehensive legal frameworks.
The Calcutta High Court quashed an FIR in a dispute worth Rs 3.3 crore, determining that the FIR filed after unsuccessful IBC proceedings constituted an abuse of process. The court noted that the petitioner had already made payments in compliance with previous orders.
The Madras High Court ruled that legal heirs of a deceased taxpayer can be held liable for tax dues under Sections 73, 74, and 74A. The court emphasized that tax liability can be determined posthumously, encompassing the entire adjudicatory process.
The Calcutta High Court ruled that Company Courts can transfer winding up petitions to the NCLT on their own accord under Section 434(1)(c) of the Companies Act, 2013.
The Karnataka High Court affirmed the mandatory seven-day compliance period for income tax notices under Section 148A(b), ruling that shorter timeframes are inherently illegal.
The Bombay High Court has declared a penalty under Section 271(1)(c) of the Income Tax Act invalid due to delays in passing an order giving effect to the assessment, thus abating the tax demand.
The Reserve Bank of India has undertaken a review of circulars issued under the Foreign Exchange Management Act, 1999. This review aims to streamline and update regulatory measures affecting authorised persons.
The Delhi High Court ordered Meesho to remove listings of products allegedly infringing on Jockey's trademark. The Court found that Jockey established a prima facie case of trademark violation regarding similar products sold on the platform.
The Karnataka High Court ruled that KPTCL cannot unilaterally revise supervision charges payable by consumers for self-executed electrical works. The court quashed a demand notice of ₹1.2 crore issued to Anushka Realty, emphasizing that any charge revision requires approval from the Karnataka Electricity Regulatory Commission (KERC).