AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has released a second amendment to the Credit Risk Management Directions for Non-Banking Financial Companies to bolster their risk management practices and compliance frameworks.
The RBI has amended directions for credit risk management in rural cooperative banks, enhancing their regulatory framework and compliance requirements.
The RBI has implemented an amendment to the directions concerning the resolution of stressed assets across all India Financial Institutions, aimed at improving asset recovery processes.
The Reserve Bank of India has updated its Credit Risk Management Directions for Regional Rural Banks, stipulating new compliance requirements to enhance financial stability.
The RBI has issued new directions regarding the disbursement of government pensions through Agency Banks, emphasizing the importance of adherence to defined procedures and accountability. These directions are crucial for effective pension fund management.
The Reserve Bank of India has released detailed directions concerning the conduct and oversight of government business by Agency Banks, emphasizing payment of agency commission. These guidelines aim to enhance operational efficiency and accountability.
The RBI has commenced its annual survey on computer software and IT services exports for 2025-26, aiming to gather critical data on the sector's performance. This survey will support the compilation of India's external sector statistics.
The Reserve Bank of India has initiated its annual survey to gather data on the foreign liabilities and assets of mutual funds for the financial year 2025-26. This data collection will aid in India’s external sector statistics compilation.
On 22 May 2026, the Delhi High Court ruled that Google infringes the HINDWARE trademark by allowing competitors to bid on it as a keyword. This decision highlights the legal interpretation of 'use' of a trademark in the digital advertising context.
The Delhi HC ruled that a company's ₹86 lakh ITeS turnover cannot be compared with American Express's ₹782 crore turnover for transfer pricing analysis due to the significant scale differences. This ruling impacts how companies approach transfer pricing assessments in India.
The ITAT ruled that reassessment proceedings through Section 148 of the Income Tax Act issued by the Jurisdictional Assessing Officer (JAO) necessitate remand for fresh adjudication. This decision highlights the procedural importance of adherence to established protocols in tax assessments.
The Reserve Bank of India has amended its guidelines on Responsible Business Conduct for Regional Rural Banks to enhance accountability and ethical operations.
The Reserve Bank of India has introduced second amendment directions aimed at strengthening credit risk management in Non-Banking Financial Companies (NBFCs).