AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has imposed a monetary penalty of ₹2.70 lakh on Fusion Finance Limited for non-compliance with KYC guidelines as mandated by RBI provisions.
The Allahabad High Court quashed a VAT demand of Rs. 5 lakhs, stating that enhancements in turnover cannot be justified without any adverse material. This ruling is pertinent for businesses facing VAT assessments.
Arjun Nihal Singh has joined Dentons Link Legal as a Partner in their Competition practice, bringing over a decade of experience in antitrust matters.
The landscape of brand protection has evolved with social commerce, necessitating new strategies for businesses. Companies must navigate brand engagement and regulations across social media ecosystems.
NYAI, India's first AI-native legal infrastructure platform, secured $1.5 million from prominent family offices for technology expansion. The funding aims to enhance their statutory database and improve their AI capabilities.
On August 14, 2026, the Reserve Bank of India reported the results of the 3-day Variable Rate Reverse Repo auction with a notified amount of ₹1,50,000 crore, receiving offers of ₹80,235 crore. The accepted amount mirrored the total offers at a cut-off and weighted average rate of 5.24%.
The NCLAT has held that one partner may represent a firm in insolvency proceedings based on a majority decision by the partners, clarifying representation authority under the IBC.
In a recent ruling, the ITAT has deleted an income tax addition of Rs. 23.33 crores, classifying the incorrect entry in the Income Tax Return (ITR) as a simple clerical error. This decision provides a significant precedent for taxpayers disputing high addition amounts based on minor errors.
ALMT Legal facilitated a ₹50 crore funding round for Kaapi Machines, along with a strategic partnership with Sedna HoReCa.
The Allahabad High Court dismissed a petition seeking maternity leave for a woman's fourth child, affirming the government's rejection of the request.
The Delhi High Court ruled that courts cannot determine whether sufficient material justified the issuance of Look Out Circulars (LOCs). This decision clarifies the limits of judicial review concerning LOCs.
The Reserve Bank of India has released Fourth Amendment Directions for Small Finance Banks, emphasizing responsible conduct in relation to recovery processes.
The Reserve Bank of India has introduced Fourth Amendment Directions for Local Area Banks, focusing on responsible business conduct and engagement of recovery agents.