AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
On October 12, 2026, the RBI conducted a 3-day Variable Rate Reverse Repo auction with a notified amount of ₹2 lakh crore. It accepted ₹37,558 crore at a cut-off rate of 5.49%, reflecting measured liquidity absorption in the system.
The Government of India, in collaboration with the RBI, reissued ₹34,000 crore of the 6.94% GS 2036 bond. The auction was held on October 13, 2026, with settlement on October 14, 2026. The move aims to meet government borrowing requirements and deepen the G-Sec market.
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on October 13, 2026, accepting ₹71,580 crore at a uniform cut-off rate of 5.49%. The notified amount was ₹1.5 lakh crore, with partial demand met due to surplus liquidity conditions.
SEBI proposes to exempt research analysts from mandatory call recordings with institutional clients, effective November 2026, while retaining other recordkeeping duties.
India’s Global Capability Centres face rising legal exposure from generative and agentic AI use, implicating data protection, IP, employment, and consumer laws. Regulatory uncertainty and lack of clear accountability frameworks heighten enterprise risk.
DGFT extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until 31 December 2026 with no changes to existing rates or value caps.
SEBI’s Appellate Authority dismissed an RTI appeal alleging misleading responses by CPIO, holding that public authorities cannot be compelled to create or invent non-existent records.
The Income Tax Appellate Tribunal has ruled that assessment orders for corporate returns below ₹20 lakh in mofussil areas must be issued by the Income Tax Officer (ITO), not the DCIT, per CBDT instructions.
CBDT notifies the Income Tax (Sixth Amendment) Rules, 2026, amending Form 161 and Rule 231 to include new compliance requirements for registration of certain financial entities.
Multiple state governments, including Assam, Bihar, and Gujarat, will auction ₹31,200 crore in securities on October 13, 2026, via yield and price-based methods.
On October 12, 2026, RBI conducted a 3-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF), accepting ₹37,558 crore at a uniform cut-off rate of 5.49%.
Courts diverge on whether Section 124 allows stay of infringement suits during non-use cancellation under Section 47. Calcutta and Delhi High Courts differ, raising uncertainty over procedural overlap in trademark law.
P Balasubramanian Menon, aged 99 and soon to turn 100, was conferred the Senior Advocate tag by the Kerala High Court, in recognition of his record-long legal career. The designation is rare for trial advocates and those over 90.