AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has released directives regarding the conduct of government business by Agency Banks, focusing on the payment of agency commissions and oversight mechanisms. These directives are critical for maintaining accountability in financial operations.
The RBI held a Variable Rate Repo auction with a notified amount of ₹75,000 crore. A total of ₹17,445 crore was allotted at a cut-off rate of 5.26%, showcasing ongoing liquidity management efforts.
The Delhi High Court has made a crucial distinction in trademark use regarding keyword bidding in digital advertising, addressing the limitations of safe harbor protections for intermediaries like Google. This ruling could reshape future keyword advertising practices.
The Supreme Court collegium has recommended Senior Advocate KV Viswanathan for appointment as a Supreme Court judge, which could make him the fourth Chief Justice of India elevated directly from the bar.
The Supreme Court Collegium has recommended the elevation of four Chief Justices and one Senior Advocate to the Supreme Court, a step reflecting ongoing judicial restructuring and capacity expansion.
The Central government has approved the appointment of five judges to the Supreme Court, including four Chief Justices and Senior Advocate V Mohana, following an increase in the court's sanctioned strength. This marks a significant expansion in the judiciary's capabilities.
A comprehensive guide for listed companies on mandatory website disclosure requirements under SEBI's LODR Regulations.
The Supreme Court has ruled that a decree issued without resolving jurisdictional issues is void and cannot be executed, emphasizing the necessity of judicial reasoning in decrees.
The Supreme Court has upheld the requirement of disclosing hash values for electronic evidence, emphasizing their role in ensuring authenticity and integrity under the Bharatiya Sakshya Adhiniyam.
The Delhi High Court determined that a company with a turnover of ₹86 lakh cannot be equated with American Express’s ₹782 crore turnover for transfer pricing analysis. The ruling underscores the importance of scale in financial comparisons.
The Karnataka High Court has remanded the challenge against the retrospective amendment of Section 147A of the Income Tax Act back to a single judge for consideration. The assessee has been granted four weeks to explore the validity of the amendment, while the Revenue has three weeks for a response.
The NCLT has ruled that corporate guarantors cannot evade the Corporate Insolvency Resolution Process (CIRP) even when there are ongoing proceedings against the principal borrower. This emphasizes the legal liabilities of corporate guarantors under the Insolvency and Bankruptcy Code (IBC).
The RBI has updated its responsible business conduct directions for regional rural banks, focusing on compliance and ethical practices.