AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has issued the Second Amendment Directions, 2026 for urban co-operative banks concerning the classification, valuation, and operation of investment portfolios, particularly related to non-SLR securities. This amendment emphasizes adaptation to regulatory requirements.
The Reserve Bank of India has issued Circular No. 20 requiring Authorized Dealer banks to maintain and update a list of their offices handling Rupee accounts for non-resident banks. This reflects ongoing regulatory oversight on foreign banking institutions operating in India.
NCLT Chandigarh has admitted a Section 9 petition under the IBC against Ervika, dismissing the defence's argument of a pre-existing dispute on grounds that such a dispute was not substantiated.
The Orissa High Court has granted anticipatory bail to an individual in a Prevention of Money Laundering Act (PMLA) case, emphasizing the distinction between arrest and custody in the context of personal liberty rights.
NCLT Mumbai has admitted a Section 7 CIRP application from Bank of India, determining that the obligations were independently established despite objections related to NPA and MSME frameworks.
The Telangana High Court has quashed the attachment of BIOSOT's bank accounts under Section 226(3), ruling that BIOSOT is entitled to immunity under Article 289. This judgment clarifies the limitations of state powers in terms of attaching bank accounts.
The Supreme Court raised concerns over the Andhra Pradesh High Court's practice of listing cases under 'For Dismissal,' emphasizing the potential impact on fair trial rights.
The RBI has levied penalties on multiple credit information services for non-compliance with updating regulations. This includes significant penalties on Equifax and TransUnion CIBIL.
The District Court of Darjeeling has ruled on whether hotels must pay royalties for TV content in guest rooms. The case raises important questions about copyright licensing for hospitality services.
The Copyright Office's refusal to register AI-generated artwork by DABUS raises critical questions about authorship in the context of AI. The decision calls into question the balance between originality and human creative control.
The CGPDTM has released new draft guidelines for patent applications in the pharma and biotech sectors, inviting stakeholder feedback to enhance the patenting procedures. These guidelines aim to streamline processes related to healthcare inventions.
ITAT Mumbai has remanded the cancellation of 12AB registration back to the CIT(E) for a clear violation charge and meaningful hearing, highlighting procedural fairness in tax assessments.
The Delhi High Court has mandated that factual disputes concerning Input Tax Credit (ITC), Reverse Charge Mechanism (RCM), and tax computation should be addressed through the appellate process, not writ proceedings.