AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI announced the results of the Overnight Variable Rate Reverse Repo (VRRR) auction conducted on August 18, 2026, with total bids accepted amounting to ₹82,788 crore at a cutoff rate of 5.24%.
The Reserve Bank of India has announced a Second Overnight Variable Rate Reverse Repo (VRRR) auction for ₹75,000 crore on August 18, 2026. The auction aims to address current liquidity conditions and will be held between 12:00 PM to 12:30 PM.
The Madras High Court's ruling in *Novartis AG v. Venkata Narayana Active Ingredients* scrutinizes the evidentiary requirements necessary for the Bolar exemption in the pharmaceutical context, marking a significant development.
The Delhi High Court has highlighted ongoing challenges in India's intermediary liability framework concerning copyright enforcement. Changes necessitate an understanding of platforms’ duties amid recent legal reforms.
The Supreme Court has temporarily stayed the Madras High Court's order that quashed government job allocations to families of Karur stampede victims. This ruling preserves benefits pending further review.
The rapid growth of India's fintech sector calls for an updated conversation on liability insurance to address emerging risks. As the digital economy matures, stakeholders must reassess their insurance needs in a changing regulatory landscape.
Section 3(m) of the Patents Act, previously underutilized, is now increasingly pivotal in patent litigation. A recent analysis reveals discrepancies between Indian patent laws and European standards, particularly regarding methods of performing mental acts.
The Delhi High Court has stayed reassessment proceedings under Section 148, highlighting the importance of supplying all material relied upon in administrative actions. This ruling reinforces procedural rights of taxpayers during reassessment.
In a recent ruling, the Pune ITAT upheld that the lift cost of ₹72.69 lakh should be included as part of the work-in-progress (WIP) under the percentage completion method, rejecting prior period expense claims. This ruling reinforces the treatment of project-related costs for tax assessments.
The Central Government has enacted revisions to the central excise levies applicable to the exports of petrol, diesel, and aviation turbine fuel (ATF) effective from August 15, 2026. This new notification adjusts various levies, significantly reducing costs for exporters.
The NCLT admitted a ₹2.47 crore insolvency petition, concluding that WhatsApp chats failed to prove a pre-existing dispute. The decision underscores the need for substantive evidence in insolvency matters.
The Income Tax Appellate Tribunal (ITAT) restored the income tax assessment for a 66-year-old blind taxpayer, addressing issues surrounding accessibility to e-records for disabled individuals. This ruling reinforces inclusive practices in taxation.
The Delhi High Court determined that the amended pre-deposit rule for GST appeals does not apply where the Show Cause Notice was issued before October 1, 2025. This ruling clarifies procedural expectations for taxpayers.