AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has issued new Directions concerning the compliance functions of commercial banks, emphasizing the roles of governance and oversight in financial institutions.
The RBI has published new guidelines on the detection, reporting, and monitoring of Fake Indian Currency Notes (FICNs), streamlining procedures for banks to counteract counterfeiting effectively.
The Calcutta High Court has directed that an appeal be filed against the rejection of a vehicle tax refund, emphasizing the need to follow statutory remedies.
The IBBI has determined that communications with resolution professionals are exempt from disclosure under RTI, ensuring confidentiality in insolvency proceedings.
The government has detailed the implementation progress of RERA 2016, emphasizing protections for homebuyers and regulatory compliance from developers.
India has tightened legislative measures against exam fraud, introducing higher penalties and establishing special task forces to tackle paper leaks.
The IRDAI has issued new guidelines to expedite claims settlement for flood-affected areas in Assam, emphasizing quicker processing and interim payments.
The Reserve Bank of India has extended the directives issued to The Pusad Urban Co-operative Bank Ltd. until August 7, 2026. This extension aims to ensure compliance with regulatory standards and safeguard depositors' interests.
This week's review covers major updates from the IP sector, including the Delhi HC's interim order in ANI v. OpenAI and various ongoing cases that impact copyright and consumer protection.
The Rajasthan High Court quashed GST penalty orders, stating that the same officer who investigated the case cannot adjudicate it, mandating a fresh adjudication process.
The Patna High Court invalidated an ex parte GST assessment for lack of a personal hearing, emphasizing the importance of compliance with Section 75(4) of the GST Act.
The Patna High Court set aside a GST assessment order, ruling that simply uploading notices on the GST portal does not constitute adequate notice under the law.
The Patna High Court restored a GST registration that was cancelled due to a non-compliant order lacking proper notice and hearing for the petitioner. The decision reaffirms the principles of natural justice.