AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Calcutta High Court has rebuked HDFC Bank regarding the blocking of TMC leader Abhishek Banerjee's account, questioning the timing and rationale behind the action, which occurred after a Supreme Court decision permitted his travel.
Shiprocket has secured ₹1,617 crore in its recent IPO, with leading law firms advising on the transaction, underscoring the role of legal counsel in capital market operations.
The Ladakh Administration has announced the formation of five new districts and has assigned Lead Bank responsibilities accordingly. This development impacts financial services and governance in the region.
The Reserve Bank of India has imposed an ₹8.10 lakh penalty on Shri Ram Finance Corporation for failures in KYC compliance. The penalty was imposed based on RBI's governance and KYC directives.
The Reserve Bank of India has announced a Variable Rate Reverse Repo auction for August 24, 2026, to address liquidity conditions. The auction will have a notified amount of ₹1,50,000 crore with a tenor of one day.
The Controller General of Patents, Designs and Trademarks (CGPDTM) has released draft manuals for patents and trademarks, inviting stakeholders to provide feedback within specified timelines. This marks a significant step towards refining intellectual property practice norms in India.
The Telangana High Court ruled that share premium received from a non-resident shareholder on a fresh share issue is considered a capital receipt, not taxable income. This decision has important implications for taxation practices in corporate finance.
The Calcutta High Court ruled that pending public land eviction and DRT proceedings do not prohibit arbitration for disputes regarding sub-lease revocation. This decision clarifies the arbitrability of disputes in the presence of other proceedings.
In a recent ruling, the ITAT determined that ₹5.25 crore in demonetised cash could not be taxed in the hands of the taxpayer due to a lack of substantial evidence linking the cash to the individual. The case emphasizes the importance of clear linkage in tax assessments.
Clarification has been issued regarding the tax implications and FEMA regulations concerning money remitted from children living abroad, including ITR reporting and documentation requirements.
The RBI has released its 2026 Directions, consolidating supervisory returns for Non-Banking Financial Companies (NBFCs), focusing on streamlined filing, reporting requirements, and compliance.
The Telangana High Court ruled that share premium received from a non-resident shareholder during a fresh share issue is categorized as a capital receipt and not taxable income.
The Calcutta High Court ruled that pending eviction proceedings do not hinder arbitration of sub-lease disputes. The court emphasized the arbitrability of disputes under statutory proceedings.