AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Gauhati High Court has ruled that claims for refunds of Education Cess and SHE Cess paid under a mistake of law are not barred by Section 11B of the Central Excise Act.
The NCLT ruled that the demerger of a mortgaged asset does not discharge a continuing corporate guarantee, allowing J&K Bank's ₹87.43 crore insolvency plea to proceed.
In a significant ruling, the NCLT approved a ₹104 crore consolidated resolution plan despite ongoing fraud proceedings, clarifying the non-impediment of Corporate Insolvency Resolution Process (CIRP).
The NCLAT affirmed the National Company Law Tribunal's (NCLT) jurisdiction to restrain Annual General Meetings (AGMs) despite ongoing appeals, underscoring the tribunal's interim powers.
The Reserve Bank of India has released the fourth amendment directions relating to Cash Reserve Ratio and Statutory Liquidity Ratio for rural co-operative banks, addressing exemptions on specified deposits.
The Reserve Bank of India has instituted a new half-yearly reporting requirement through the Centralised Information Management System to aid in the assessment of financial measures following natural calamities. Scheduled commercial banks and others are advised to comply.
Chief Justice Ramesh Sinha of the Chhattisgarh High Court has retired, concluding nearly 15 years of judicial service. He emphasized the transient nature of individual officeholders in contrast to the enduring nature of judicial institutions.
The Supreme Court has affirmed the National Council for Teacher Education's (NCTE) right to demand annual performance reports from Teacher Education Institutes (TEIs), reversing a lower court's decision. This ruling reinforces regulatory oversight in teacher training.
The Karnataka High Court has called for a Geological Survey of India (GSI) report regarding the Peninsular Gneiss rock formation at Lalbagh amid challenges to the Bengaluru Twin Tunnel Road project. The court's direction aims to ensure geological stability and environmental safety.
The Delhi High Court has ruled that factual disputes related to Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM) must be raised in Section 107 appeals rather than through writ proceedings. This decision categorically outlines the proper legal forum for such disputes.
The Gauhati High Court has ruled that refunds of Education Cess and Secondary and Higher Education Cess paid without legal authority are not barred by Section 11B of the Central Excise Act. This decision clarifies that refunds can be claimed despite timing limitations under the Act.
The RBI has mandated all scheduled commercial banks to report relief measures for natural calamities through a newly established Centralised Information Management System (CIMS) portal, introducing a half-yearly return format. This initiative is aimed at improving transparency and accountability in the distribution of relief funds.
On September 04, 2026, the RBI conducted an underwriting auction, determining the cut-off rate for underwriting commissions for Government securities. The completed auction signifies ongoing government borrowing mechanisms.