AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT ruled that the matter concerning the default in filing certain loan-related documents must be returned to the AO, as no sufficient cause was established for the default.
In a significant decision, the Kerala High Court held that an Official Liquidator's claim under Section 446 can be filed within four years from the date of the winding-up order, rejecting limitation objections.
NCLT Mumbai has approved the amalgamation scheme for Tata Motors with its wholly-owned subsidiaries, dispensing with the need for stakeholder meetings. This move allows for a streamlined process subject to statutory notices.
The RBI has issued third amendment directions for Local Area Banks regarding the interest rates on deposits to maintain compliance with updated regulatory standards.
The RBI has outlined third amendment directions for Regional Rural Banks regarding the interest rates on deposits to stay aligned with recent economic conditions.
The RBI has issued third amendment directions updating the interest rates on deposits for Urban Co-operative Banks, aimed at encouraging competitive deposit offerings.
The RBI has issued directions updating the interest rates applicable to deposits held by Rural Co-operative Banks, aligning with the recent regulatory framework.
The RBI has released the results of the State Government Securities auction conducted on September 08, 2026, detailing various re-issues of securities from the states, highlighting the financial landscape and capital raising efforts.
The RBI has launched the September 2026 round of the Inflation Expectations Survey and the Urban Consumer Confidence Survey, evaluating households' perspectives on economic conditions and spending. The surveys aim to gather qualitative and quantitative data to inform monetary policy.
Recent amendments to the Delivery of Books Act, 1956, as part of the Jan Vishwas Amendment Act, have modified penalties related to legal deposit, necessitating a reassessment of compliance.
The Madras High Court has allowed condonation of a one-day delay in filing Form 10B, asserting that Section 119(2)(b) does not impose a strict time limit and that genuine hardship exists. This ruling could ease compliance issues for taxpayers experiencing difficulties.
The RBI has directed regulated entities to implement amendments to two entries in the UNSC ISIL (Da’esh) and Al-Qaida Sanctions List, reinforcing compliance measures under UAPA. This directive emphasizes stringent adherence to anti-terror financing regulations.
The Reserve Bank of India has issued a notification regarding the amendment of an entry in the UN Security Council's Taliban Sanctions List. Regulated entities must ensure compliance with the updated sanctions procedures under UAPA.