AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has finalized and issued Prudential Norms related to Specified Non-Financial Assets (SNFA) following stakeholder feedback on the draft directions released earlier in 2026.
The RBI has concluded the VRR auction on July 17, 2026, with a total allocation of ₹75,003 crore against bids of ₹1,09,823 crore. The cut-off and weighted average rates were both set at 5.26%.
The Reserve Bank of India has announced a Second Variable Rate Repo auction on July 17, 2026, with a notified amount of ₹50,000 crore. The auction aims to address current liquidity conditions and is scheduled for a three-day tenor.
The Supreme Court's decision in Flipkart v. Marc sheds light on house brand distinctions and potential confusion in trademark cases.
Examining the sudden removal of 'Satluj' from ZEE5 raises critical questions about copyright and censorship under Section 69A.
New regulations prohibit SEBI employees and their families from making equity investments, marking a significant change for those in regulatory positions. The move aims to prevent conflicts of interest and ensure regulatory integrity.
The Bombay High Court has annulled a Section 148 notice against Indian Express Commercial Ventures for being issued post the statutory timeline, reinforcing the legal limitations on reassessment notices.
Reliance Jio has won a Cenvat credit case in the Bombay High Court following the withdrawal of revenue department's appeal, entitling the company to a refund of ₹253.3 crores. The case aligns with the Supreme Court’s precedent set in the Bharti Airtel case.
The Calcutta High Court ruled that the government cannot withhold a former tax collector's pension due to age-related technicalities, ordering prompt payment of benefits. This decision underscores statutory entitlement to pensions upon retirement.
The Uttarakhand High Court dismissed a plea challenging PMLA proceedings at the pre-cognizance stage, citing such a challenge as premature. This ruling emphasizes the court's stance on procedural timelines in criminal proceedings.
The NCLAT has upheld the authority of the Committee of Creditors by limiting the insolvency professional's remuneration to ₹3 lakh, reinforcing the framework set by the IBC and IBBI regulations.
The Income Tax Appellate Tribunal has directed verification of eligibility for a government-approved VRS compensation, determining it exempt under Section 10(10B) of the Income Tax Act.
The RBI has undertaken a comprehensive review of circulars under FEMA to streamline and rationalize the regulatory framework, reflecting the evolving economic landscape.