AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Orissa High Court ruled that excise duty cannot be collected again on a transaction for which it has already been paid, supporting the principles of fair taxation.
The RBI has outlined the procedure for voluntary surrender of the Certificate of Registration by Non-Banking Financial Companies (NBFCs), relevant under recent regulatory amendments.
The Reserve Bank of India has released data on India's invisibles for Q4 of 2025-26, as per IMF guidelines. This data is essential for understanding the balance of payments.
The RBI has set the redemption price for premature redemption of the Sovereign Gold Bond of the 2018-19 series-IV, effective July 01, 2026. This determination aligns with the terms of the issue.
The Reserve Bank of India conducted a Variable Rate Repo (VRR) auction, allotting ₹29,695 crore at a cut-off rate of 5.26%. The auction reflects the current liquidity condition in the money market.
The Registrar of Copyrights has officially registered Phonographic Performance Limited (PPL) as a copyright society for sound recordings under the Copyright Act. This milestone aids in better management of copyright for sound recordings in India.
The Chhattisgarh High Court ruled that a refusal to marry in a long-term live-in relationship does not constitute rape. The decision clarifies rights concerning consent and expectations in such relationships.
The Madras High Court recently quashed corruption charges against three HR&CE Department staff accused of misappropriating temple funds. The decision reaffirms the judiciary's role in scrutinizing allegations before allowing proceedings.
The RBI has revised customer protection protocols for Regional Rural Banks, strengthening measures against electronic banking fraud and establishing compensation mechanisms.
The RBI has updated fraud rules for Urban Co-operative Banks, enhancing customer protection against digital banking fraud through new zero-liability provisions.
The RBI's new Master Direction facilitates TReDS onboarding for MSMEs by removing mandatory due diligence, fostering improved financing efficiency.
RBI has released a draft framework to guide regulated entities in managing risks associated with model usage, emphasizing accountability and lifecycle management.
The RBI has proposed a draft Master Direction to consolidate regulations pertaining to the government securities market into a single framework, aiming to enhance compliance simplicity and regulatory clarity.