AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Gauhati High Court upheld the seizure of areca nuts valued at ₹2.22 crore, citing lack of necessary documentation at the time of interception.
The RBI has issued new guidelines concerning the Trade Receivables Discounting System, aimed at enhancing rationalization and harmonization of applicable guidelines.
SEBI warns investors about trading unlisted public company securities on non-approved electronic platforms, stressing that only recognized stock exchanges provide investor protection.
The Darjeeling District Consumer Court has mandated Amazon and a listed seller to pay ₹4.68 lakh for failing to refund a customer after a product was returned, citing deficiency in service.
The Kerala High Court has upheld the state's 'Priyadarshini Scheme', providing free bus travel for women and transgender persons, dismissing a public interest litigation that sought to quash the scheme as discriminatory.
The Karnataka High Court refused to stay criminal proceedings against a doctor accused of spreading false claims about Nandini dairy products on Instagram. Justice M. Nagaprasanna emphasized that social media should not incite public panic without scientific validity.
The NCLT upheld a winding-up petition filed by a Senior Assistant Director of SFIO, confirming the valid authorization by the Central Government.
The NCLT approved NSE Academy's selective capital reduction amounting to ₹241.32 crore, allowing repayment of excess preference capital under Section 66 of the Companies Act.
The RBI's June 2026 Bulletin indicates the Indian economy's growth at 7.8% in Q4:2025-26, driven by private consumption and fixed investment amidst ongoing global tensions.
On June 23, 2026, the RBI conducted a Variable Rate Repo auction for a notified amount of ₹2,00,000 crores, with bids totaling ₹1,41,171 crores allotted at a cut-off and weighted average rate of 5.26%. This auction underlines the current liquidity conditions in the market.
Phonographic Performance Limited (PPL) has been officially registered as a copyright society for sound recordings in India, marking a significant development in the country's copyright framework. This registration is under Section 33(3) of the Copyright Act, 1957.
The Telangana High Court ruled that an appeal should not be automatically dismissed as time-barred if the taxpayer was actively pursuing a rectification application, setting aside the rejection order for merits-based reconsideration.
The Kerala High Court ruled that the non-obstante clause in Section 16(5) of the GST Act prevails over the time limit imposed by Section 16(4), allowing taxpayers a chance for ITC relief.