AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The J&K and Ladakh High Court ruled that the MSME relaxation circular does not create enforceable rights for tenderers. The rejection of a bid due to turnover criterion was upheld.
The Karnataka High Court affirmed the dismissal of a review petition under RERA, stating that promoters cannot alter their defence at the review stage. The ruling underscores the importance of consistent factual presentation.
SEBI has resolved an allegation of continuing interest violations in an Alternative Investment Fund by agreeing to a settlement of ₹10.87 lakh. The issue arose due to unequal investor drawdowns.
The ITAT has ruled against a ₹15.35 lakhs addition to a taxpayer's income, affirming that sales suppression was unproven based on GST records and other documents. The ruling stresses the importance of evidentiary standards in tax assessments.
The Calcutta High Court upheld that civil courts cannot issue injunctions against actions under the SARFAESI Act, reinforcing the legal boundaries of such proceedings.
The Supreme Court dismissed a petition seeking a joint trial in two CBI cases related to the 2013 NSEL payment crisis, affirming the need for separate trials.
The Supreme Court ruled that an employee who accepted CPF benefits cannot subsequently claim a GPF pension after retirement, reinforcing the binding nature of prior acceptance.
The RBI has revealed auction results for government securities, with significant participation and acceptance amounts indicating robust market interest.
Progfin Private Limited faces a penalty of ₹2.70 lakh from the RBI due to violations of KYC directives, highlighting the regulatory expectations for adherence to anti-money laundering measures.
The Reserve Bank of India has announced an auction of state government securities totaling ₹20,100 crore. The auction will include re-issues from Andhra Pradesh and others, with significant implications for fiscal management and state funding.
The Delhi High Court's recent directives concerning intermediary liability underscore the challenges faced by platforms like Meta in reconciling copyright enforcement with protections under the IT Act. This ongoing tension raises key questions for copyright enforcement in India.
The Controller General of Patents, Designs and Trademarks (CGPDTM) is soliciting comments on new draft manuals for patents and trademarks in India. Stakeholders have 30 days for the patent manual and 15 days for the trademark manual to provide their feedback.
LEAP India Limited has raised ₹2,480 crore through an IPO, with advisory support from top legal firms including Cyril Amarchand Mangaldas.