AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has issued the Third Amendment Directions for Non-Banking Financial Companies on Income Recognition, Asset Classification, and Provisioning targeting financial stability and risk management.
The Reserve Bank of India has announced the Second Amendment Directions for All India Financial Institutions regarding Income Recognition, Asset Classification, and Provisioning to enhance the regulatory framework.
The Calcutta High Court has directed the transfer of ₹1.38 crore along with accrued interest to the One Man Committee, dismissing a related writ petition as withdrawn. This decision is crucial for both the Committee and Tower Infotech’s ongoing SEBI dispute.
ROC Kolkata penalises a company and its director for incorrectly filing AOC-4 instead of the required AOC-4 XBRL format.
ROC Kolkata imposes a penalty on a company and its certifying director for incorrect AOC-4 filings regarding financial statements.
ROC Kolkata imposes penalties on a company and its certifying director for wrongly filing MGT-7.
The Reserve Bank of India has announced an auction for Government of India Treasury Bills, with significant amounts earmarked for the upcoming auction dates.
The RBI has conducted a 7-day Variable Rate Repo auction, revealing significant borrowing activity and interest rates reflective of the current financial environment.
The SpicyIP Weekly Review provides key takeaways from the previous week, including competition results and legal insights.
This week's edition of 'Bells & Whistles' highlights significant contributions to India's IP landscape, particularly focusing on T.C. James. The article rounds up key events and opportunities in intellectual property law.
The Telangana High Court has dismissed a writ petition challenging a Section 74 GST assessment, guiding the taxpayer toward pursuing a statutory appeal. This ruling highlights the procedural pathways in tax disputes.
The Karnataka High Court has granted interim relief in a GST ITC dispute over rental income, subject to maintaining a percentage of the disputed credit in the Electronic Credit Ledger.
The Karnataka High Court has dismissed a writ petition challenging a GST advance ruling, stating only the applicant and concerned authority can file such challenges. This ruling clarifies the standing in GST matters.