AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The IBBI upheld its right to reject RTI requests seeking freshly compiled datasets on insolvency claims and haircuts, ruling it is not obligated to create information not already available in the requested format.
The Income Tax Department has clarified that TDS challans deposited for FY 2025-26 can be utilised for the tax year 2026-27. A correction facility is under development and will be available shortly.
On October 21, 2026, the RBI conducted a conversion auction involving multiple government securities, allowing holders to switch older securities into longer-duration papers, including up to 2060.
On October 19, 2026, auctions for state government securities were conducted, with Goa, Gujarat, and Andhra Pradesh successfully raising funds. Cut-off yields ranged from 7.96% to 8.10%, reflecting state-specific borrowing costs.
Prof. Feroz Ali launches 'Ali on Patents', a free online treatise containing curated judicial texts and original commentary, aimed at patent professionals and students.
SAFEMA deletes FEMA penalties for traders exchanging currency at authorised money changers.
The IBBI denied an RTI appeal seeking compilation of insolvency claims and haircuts data, holding it need not generate information not in its existing records.
A Delhi Special Executive Magistrate observed that CJP activists Saurav Das and Ashutosh Ranka show no respect for law and could breach public peace, citing their history of calling protests at de-notified sites.
The Income Tax Department clarifies that TDS challans deposited for FY 2025–26 can be adjusted against the tax liability for TY 2026–27. A correction facility for this adjustment is under development and expected shortly.
CBDT confirms taxpayers may use TDS deposited in FY 2025-26 for tax credit in TY 2026-27, pending update of correction facility.
The IBBI upheld its right to refuse RTI applications seeking compilation of fresh datasets on insolvency claims and haircuts, ruling it is not obligated to generate information not already in existence.
Sixth Amendment Directions, 2026, streamline legal opinion requirements for Small Finance Bank clearing members under capital adequacy rules.