AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe RBI’s Expected Credit Loss (ECL) framework, effective April 2027, introduces a forward-looking, three-stage model for provisioning, replacing the current incurred loss approach. Banks must adopt EIR calculations and revised capital adequacy reporting.
FeaturedThe Supreme Court held that the CBIC’s ₹2 crore monetary threshold for filing GST appeals applies to pending departmental appeals, leading to dismissal of an appeal involving ₹25.47 lakh.
FeaturedBuddhist activist BD Borkar petitions Supreme Court against MHA orders mandating full six-stanza Vande Mataram at state events, alleging anti-minority bias and violation of cultural rights.
FeaturedSupreme Court dismissed review petitions in Rainbow Papers case, holding that review isn’t a substitute for appeal and can’t re-agitate merits based on new rulings.
FeaturedThe Supreme Court ruled in Arth Micro Finance v. Shivalik Bank that a tribunal appointed without mutual consent under a unilateral clause never legally existed, reinforcing arbitration agreement fundamentals.
FeaturedThe Supreme Court upheld SAT’s decision that Regulation 10 of SEBI (SAST) Regulations applies to combined shareholding of acquirer and PAC. SEBI’s appeals were dismissed.
FeaturedThe Supreme Court will hear next week a petition challenging unilateral decisions by Chief Election Commissioner Gyanesh Kumar, alleging violation of the collegial nature of the Election Commission. The case may impact interpretation of the CEC Act, 2023.
FeaturedThe RBI has introduced the Reserve Bank of India (Commercial Banks - Minimum Capital Requirements for Market Risk) Directions, 2026, effective September 21, 2026, to strengthen capital adequacy against trading book exposures.
FeaturedSC rules anticipatory bail under Section 438 CrPC (482 BNSS) continues unless limited and isn’t revoked by filing chargesheet.
FeaturedThe Supreme Court upheld SAT's interpretation that Regulation 10 of SEBI (SAST) Regulations applies to the combined shareholding of an acquirer and Persons Acting in Concert (PAC), dismissing SEBI's appeals and clarifying the scope of SAT’s jurisdiction under Section 15T of the SEBI Act.
FeaturedSupreme Court upholds Delhi HC's order for forensic audit of Fortis Healthcare in Daiichi-Sankyo vs Singh brothers dispute, clarifying observations are prima facie only.
FeaturedIn a critical ruling, the Supreme Court has declared the UP Gangsters and Anti-Social Activities Act as 'stillborn' and quashed cases against two lawyers charged under it.
FeaturedThe Supreme Court has ruled that GST arrest orders under Section 69 must be communicated to the accused in advance to allow for judicial review and access to bail.