AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has released the Third Amendment Directions concerning Housing Finance Companies, focusing on the engagement of recovery agents. This amendment is pivotal for HFCs in maintaining fair practices.
The RBI has assigned lead banking responsibilities for five newly formed districts in Ladakh, aiming to enhance financial services in the region. This decision has significant implications for banking operations and resource allocation in the Union Territory.
The Madras High Court has provided essential clarification in Novartis AG v. Venkata Narayana Active Ingredients regarding evidentiary standards necessary to invoke the Bolar exemption for regulatory approval exports.
New compliance rules from the Ministry of Electronics and Information Technology (MeitY) significantly modify the timeframe for social media platforms to remove unlawful content, raising questions about enforcement and compliance in digital law.
The Delhi High Court's recent directives concerning intermediaries and copyright enforcement highlight ongoing challenges faced by ISPs in India, shaped by the IT Act’s Section 79. This analysis is pertinent for practitioners navigating copyright laws and intermediary responsibilities.
The Rajasthan High Court has ruled that a GST order not visible on the online portal does not extinguish the recipient's right to appeal.
The Draft Foreign Investment Rules for 2026 have raised critical questions regarding equity, control thresholds, and the roles of RBI and DPIIT. These proposed regulations are still under review.
The Insolvency and Bankruptcy Board of India (IBBI) directed its CPIO to expedite the disposal of RTI applications after a complaint regarding delayed responses. This ruling emphasizes the importance of timely information dissemination under the RTI Act.
The NCLT has ordered liquidation after finding that no Expressions of Interest (EOI) or resolution plans were received despite multiple Form G publications, backed by an 83.10% vote from the Committee of Creditors (CoC).
The NCLAT has temporarily stayed the NCLT's rejection of an 83.97% Committee of Creditors (CoC)-approved resolution plan due to concerns over related-party transactions and share valuation, necessitating further appellate review.
The NCLT has admitted a corporate insolvency resolution process (CIRP) for a ₹6.58 crore claim, highlighting that disputes over reconciliation and pricing raised post-demand notice were insufficient to block the process. Emails acknowledging outstanding dues played a crucial role in this decision.
The ITAT ruled that interest awarded under the Land Acquisition Act cannot be taxed as income.
ITAT validated the physical transfer of unlisted shares, allowing for capital loss claims.