Reserve Bank of Indiabankingcorporate
Penalty on GIC Housing Finance Limited by RBI
RBI imposes a monetary penalty on GIC Housing Finance Limited for KYC violations.
Jul 6, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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Reserve Bank of Indiabankingcorporate
VRR Auction Results on July 6, 2026
The RBI conducted a Variable Rate Repo (VRR) auction on July 6, 2026, raising significant liquidity.
Jul 6, 2026Read more →
Karnataka High Courtcriminalcorporate
Karnataka HC Upholds UAPA FIR Against Cross-Border Funding Network
The Karnataka High Court has refused to quash a UAPA FIR concerning a cross-border debit card funding network, affirming ED's authority under PMLA.
Jul 6, 2026Read more →
N/Acorporatetax
CBIC Clarifies Drawback Refund on Duty Paid via Duty Credit Scrips
The CBIC has issued a circular clarifying the conditions under which customs refund or drawback claims can be processed for duties paid through duty credit scrips, addressing industry concerns.
Jul 6, 2026Read more →
National Company Law Appellate Tribunalcorporate
Defective Insolvency Petition Revived: NCLAT Grants 7-Day Refiling Window
The NCLAT has granted a 7-day window for refiling a defective insolvency petition, imposing a cost of ₹50,000 for the operational creditor.
Jul 6, 2026Read more →
Noneconstitutionalcyber
Smart Glasses and Privacy: Legal Implications Explored
The integration of smart technology in everyday accessories raises critical legal questions about privacy and regulation. As tech giants like Meta and Oakley embrace smart glasses, the implications for legal practitioners become increasingly significant.
Jul 5, 2026Read more →
Karnataka High Courtbankingtax
Karnataka HC Upholds Statutory First Charge Over SARFAESI
The Karnataka High Court ruled that a statutory first charge takes precedence over payment priorities listed in the SARFAESI Act, favoring the Telangana Tax Department in a property dispute.
Jul 5, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Rules Interest Paid to RBI for SLR Default is Compensatory and Allowable
The Income Tax Appellate Tribunal has held that the interest paid by Bank of Nova Scotia to the Reserve Bank of India for failing to maintain the Statutory Liquidity Ratio (SLR) is compensatory in nature and thus eligible for deduction under the Income Tax Act.
Jul 5, 2026Read more →
Reserve Bank of Indiabanking
RBI Updates Directions for Regional Rural and Local Area Banks
The Reserve Bank of India has updated its directions concerning customer protection in electronic banking transactions for Regional Rural Banks and Local Area Banks. This initiative is part of the broader guidelines on Responsible Business Conduct.
Jul 5, 2026Read more →
Reserve Bank of Indiabanking
RBI Consolidates Directions for Co-operative Banks on Customer Protection
The Reserve Bank of India has consolidated directions for Rural and Urban Co-operative Banks regarding customer protection in electronic banking transactions. This update aims to enhance regulatory compliance across co-operative banks.
Jul 5, 2026Read more →
Supreme Court of Indiacorporate
Analysis of SEBI’s AIF Reform Challenges
The article critiques SEBI's reliance on investor accreditation for AIF reforms, highlighting key gaps in disclosure and oversight.
Jul 5, 2026Read more →
Supreme Court of Indiacorporate
SEBI Proposes INR-Based Fees for FPI & FVCI
SEBI proposes to replace USD-denominated fees for Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs) with an INR-based system to simplify accounting.
Jul 5, 2026Read more →
Supreme Court of Indiacorporate
SEBI Proposes GARUDA to Reduce AIF Launch Timelines
SEBI has proposed a GARUDA mechanism aimed at reducing the timelines for launching AIF schemes while ensuring compliance checks are maintained.
Jul 5, 2026Read more →