AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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.
The RBI has issued directives for Local Area Banks to enhance customer protection and responsible banking conduct, addressing unauthorized electronic banking transactions.
New RBI guidelines for Regional Rural Banks sharpen focus on customer protection in electronic banking, crucial for ensuring trust and security in the banking landscape.
The RBI has released comprehensive directives for Urban Co-operative Banks, focusing on customer protection in electronic transactions to uphold responsible banking practices.
The RBI has consolidated instructions for Rural Co-operative Banks regarding customer protection in electronic transactions, underscoring responsible business practices in the banking sector.
SEBI has revised the Employees' Service Regulations, 2001, implementing new guidelines on investment, disclosure, and recusal provisions. The amendments will come into effect from July 2026.