AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
SEBI has extended the implementation date for revised ETF trading norms to September 7, 2026. This extension affects the base price, price bands, and conduct of pre-open call auctions.
The NCLT Bengaluru has sanctioned the amalgamation scheme between Aureustech Systems and Happiest Minds Technologies, effective from April 1, 2026, subject to statutory compliance and undertakings.
The NCLT Chennai has sanctioned TVS Holdings’ scheme to issue 46 bonus preference shares for each equity share. This approval is subject to compliance with statutory directions.
The Central Consumer Protection Authority has imposed a fine on Pladis for making misleading claims about its whole wheat biscuits, emphasizing the importance of truthful advertising.
The IRDAI health insurance sub-committee has recommended reforms aimed at simplifying insurance policies and expediting the claims process.
The Jammu and Kashmir High Court has ruled that cheque bounce complaints cannot be quashed midway when there are disputed facts, affirming the necessity for a trial to resolve such issues.
The RBI has reported the results of the VRRR auction conducted on August 31, 2026, with total offers received amounting to ₹1,34,625 crore. The auction accepted bids at a cutoff rate of 5.24%.
The Reserve Bank of India has announced a 15-day Variable Rate Reverse Repo auction on August 31, 2026. The auction aims to manage liquidity with a notified amount of ₹6,00,000 crore to be conducted between 09:30 AM and 10:00 AM.
The SAFEMA Appellate Tribunal dismissed 18 revenue appeals, ruling that share transactions could not be classified as benami if the owners were aware of the allotments, indicating a significant interpretation on the distinction between tax evasion and benami transactions.
The Calcutta High Court has mandated a bank to secure a CGST demand of ₹75.40 lakhs, allowing account operation post-security. This highlights the judicial approach to tax recovery and financial operations.
The Kerala High Court has dismissed AVT McCormick's claim for a refund of ₹49.54 lakhs due to failure to establish transitional Input Tax Credit (ITC). The ruling reinforces the importance of adherence to ITC claim procedures.
The Karnataka High Court has ruled that seized hazardous goods can be sold if the owner does not pursue appellate remedies after due notice. This decision clarifies the procedures under the KSGST and CGST Acts.
The NCLT has admitted Canara Bank’s insolvency plea against a corporate guarantor of ₹119.64 Cr, confirming that pending insolvency of the principal borrower does not halt guarantor proceedings.