AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi Judicial Service Association has condemned the unauthorized recording and circulation of courtroom proceedings, terming it a threat to judicial independence. District Judge Rakesh Kumar-V was recorded without consent, raising significant concerns over institutional dignity.
The ITAT Delhi has ruled that reassessment based solely on a Revenue Audit objection is invalid unless supported by fresh tangible evidence. The decision reiterates the need for substantial grounds beyond mere change of opinion for reassessment under the Income Tax Act.
The Calcutta High Court upheld that khajna receipts and municipal tax records are sufficient to establish better title in property disputes, leading to the dismissal of an eviction appeal.
The Reserve Bank of India has issued new directives regarding the conduct of government business by agency banks, addressing the payment of agency commissions.
The Reserve Bank of India has introduced the Foreign Exchange Management (Authorised Persons) Regulations, 2026 to streamline the authorization framework under the Foreign Exchange Management Act.
The Reserve Bank of India has released amendments to capital adequacy norms for commercial banks aimed at reinforcing their financial stability.
The Reserve Bank of India published the Fourth Amendment Directions, 2026 concerning capital adequacy for Small Finance Banks, revising the existing legal framework.
The RBI has issued the Second Amendment Directions, 2026 for Payments Banks focusing on capital adequacy norms. This follows a comprehensive review of existing regulations.
The Reserve Bank of India issued a circular detailing the operating framework for facilitating outward remittance services by non-bank entities through Authorized Dealer (Category I) banks. This update emphasizes the amendments to previous directions under the Foreign Exchange Management Act.
The CESTAT Mumbai ruled that a demand notice issued without a mandatory show cause notice under Section 28 of the Customs Act is invalid. This reinforces the legal requirement for proper notice before recovery proceedings.
The Tripura High Court has granted leave to challenge a trial court's order that directed the release of seized gold, noting the prior upholding of confiscation orders by appellate authorities. This ruling highlights the inconsistencies with finalized confiscation proceedings.
The tragic suicide of a CA final student highlights the pressing need for mental health awareness and support in academic environments. The case underscores the stress associated with professional qualifications.
The NCLAT determined that conditional payments linked to an internal consequence sheet constitute an acknowledgment of operational debt, upholding the admission into CIRP.