AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has published the reserve money data for the fortnight ending July 15, 2026, providing insights into the liquidity conditions in the economy.
Khimani & Associates and Ascendus Law Partners have provided legal counsel for the acquisition of BTG by Nikhil Kamath's WTF.
The NLU Consortium has decided not to implement reforms for CLAT 2027, despite receiving an Expert Committee report suggesting fundamental changes to the exam's format.
The ITAT clarified that disallowance of expenses under Section 37(1) is unsupported without specific adverse findings.
This article addresses common client inquiries during the ITR deadline week, providing practical insights for tax professionals.
This article highlights common discrepancies leading to income tax notices post ITR filing. It serves as a practical guide for tax practitioners and Chartered Accountants to ensure compliance and avoid scrutiny.
The CBIC has issued a notification adding Udangudi, Tamil Nadu, as a designated point for unloading imported coal, amending earlier notifications. This underscores efficient handling of coal imports.
The CESTAT Chandigarh has allowed the provisional release of seized silver jewellery for re-export on the execution of a bond valued at the goods' worth. This ruling signifies a procedural flexibility in customs disputes.
The Andhra Pradesh High Court has ruled that chewing tobacco is not classified as food under the Food Safety and Standards Act (FSS Act), quashing related FIRs.
The Kerala High Court affirmed the rejection of education loans over a parent’s low credit score, aligning with the IBA Scheme, but allowed for reconsideration if a qualified co-borrower is present.
The Debt Recovery Appellate Tribunal (DRAT) Chennai denied a 2417-day delay request, affirming the dismissal of the recovery appeal against a Debt Recovery Tribunal (DRT) order. The tribunal emphasized the need for prompt actions in recovery matters.
The recent auction of State Government Securities on July 21, 2026, reported a total notified amount of ₹3,500 crore with full acceptance of the bid amounts. Key states involved include Assam, Bihar, and Chhattisgarh.
On July 22, 2026, the RBI announced a Variable Rate Repo auction to manage liquidity, with a total notified amount of ₹75,000 crore. The auction aims to stabilize financial conditions during evolving market dynamics.