AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Kerala High Court dismissed a writ petition challenging GST recovery, ruling that a taxpayer cannot remain silent during adjudication and later approach the court when recovery proceedings begin.
The ITAT deleted a ₹1.66 crore addition on adat expenses claimed by a commission agent, accepting that TDS compliance evidenced the legitimacy of the expenses.
The Reserve Bank of India has updated its Master Direction on Risk Management and Inter-Bank Dealings, introducing revised rules for foreign exchange derivative rollovers and IFSC unit operations.
Preliminary balance of payments data for August 2026 shows a current account deficit of $5.2 billion, narrowing from $6.1 billion in August 2025, driven by export performance and remittance inflows.
On October 16, 2026, the RBI issued a set of Frequently Asked Questions (FAQs) clarifying the Foreign Exchange Risk Reserve (FERR) requirements introduced via AP(DIR Series) Circulars No. 26 and 27 dated October 10 and 12, 2026.
On October 16, 2026, the Reserve Bank of India conducted an Additional Competitive Underwriting (ACU) auction for the re-issue of a government security worth ₹34,000 crore. The cut-off rate for underwriting commission payable to Primary Dealers was set based on competitive bidding.
Calcutta and Delhi High Courts differ on whether non-use cancellation proceedings under Section 47 trigger automatic stay of trademark infringement suits under Section 124. The split may require appellate resolution.
Delhi High Court upheld the rejection of a patent for 'Co-crystals of Tramadol and Coxibs' for lack of inventive step, while affirming novelty. The decision clarifies the threshold for non-obviousness in pharmaceutical innovations.
SEBI Board proposes replacing 2020 rules with modernised 2026 framework focusing on client safeguards, derivatives use, and compliance efficiency.
Proposed amendments require direct reporting of fund utilisation, stricter disclosures, and penalties for non-cooperation, strengthening SEBI’s oversight under LODR and ICDR.</p>
SEBI's 2026 amendments establish a uniform advertising code for all intermediaries, replacing fragmented rules and regulating celebrity endorsements and digital promotions.
Proposed 2026 amendments to SEBI's Settlement Proceedings Regulations introduce revised penalty calculations, extended timelines, and streamlined processes for disgorgement and compliance.
SEBI's proposed framework introduces manager-led accreditation with a ₹5 crore securities exposure threshold and three-year validity, streamlining access for sophisticated investors.