AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has scheduled an auction for Government Treasury Bills with various maturities. This includes 91-Day, 182-Day, and 364-Day Treasury Bills, with significant amounts set for auction.
The Reserve Bank of India announces an auction for State Government Securities amounting to ₹24,800 Crore. This includes various securities offered by multiple state governments.
The continuation of discussions around legal deposit illustrates its crucial role in the copyright framework, addressing historical and contemporary challenges.
The Central Drugs Standard Control Organization seeks feedback on brand name extensions by pharmaceutical companies. This marks a notable regulatory shift in oversight of pharmaceutical branding.
The Madras High Court ruled that legal heirs can be held responsible for tax dues of a deceased GST taxpayer, remanding the assessment for compliance with conditions.
The Andhra Pradesh High Court invalidated an unsigned GST assessment order, ruling that the absence of the assessing officer's signature renders the order void.
The Calcutta High Court has ordered the completion of liquidation processes for 32 banking companies within six months, with regular reporting to the RBI.
The RBI has removed Coӧperatieve Rabobank U.A. from the Second Schedule of the RBI Act, effective immediately. This follows the cessation of its banking activities.
The NCLAT has affirmed the CoC's authority to approve remuneration for insolvency resolution professionals (IRPs), limiting claims to ₹3 lakh in a specific case. This reinforces regulations governing insolvency practices.
The Bombay High Court ruled that a subsequent CBDT circular cannot be used to avoid revised monetary limits on appeals.
The NCLT ordered suspended directors of Greater Kailash Hospitals to cooperate with the resolution process, emphasizing their statutory obligations.
The Delhi High Court ruled that disputes concerning GST personal hearings and cross-examinations should be pursued through statutory appeals rather than writ petitions.
New guidelines from the RBI target Payments Banks emphasizing responsible business conduct and customer protection in electronic transactions, reshaping the risk landscape in financial services.