AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
RBI to sell ₹25,000 crore of central government securities via multi-security auction on October 13, 2026. Aims to manage liquidity and signal monetary tightening.
RBI issues new circulars restricting rebooking of cancelled INR derivative contracts and tightening forex market regulations. The move aims to prevent speculative trading and ensure orderly market conditions.
Reserve Bank of India has launched a special facility to meet the full daily dollar requirements of three public sector oil marketing companies: IOCL, HPCL, and BPCL. The window will be operational from October 12, 2026, via designated banks.
Courts differ on whether Section 124 allows stay of infringement suits when a Section 47 cancellation petition is pending; Delhi and Calcutta High Courts take conflicting views.
The Delhi High Court ruled that a formal declaration under Rule 124 is not required to invoke Section 11(2) of the Trade Marks Act, 1999, reaffirming that well-known status can be established through evidence in individual proceedings.
Allahabad HC quashes adverse GST assessment for denying personal hearing under Section 75(4) of UP GST Act.
Bombay HC denies bail in ₹13 crore fake GST ITC case involving 12 non-existent suppliers; invoices lacked actual supply.
Bombay High Court denies anticipatory bail in a ₹29.7 crore fake GST ITC case involving non-existent firms, citing necessity of custodial interrogation.
Bombay High Court denies anticipatory bail in a ₹23 crore fake ITC case, citing need for custodial interrogation to probe shell companies and fraudulent invoicing.
Madras High Court upheld bail in a GST case, emphasizing that grounds for arrest under Section 69 must be recorded in writing and communicated to the accused. Failure to comply renders the arrest suspect.
Madras High Court upholds denial of FCRA registration to a trust that misdeclared its religious activities, affirming disclosure requirements for religious entities.
RBI overhauls export-import rules under FEMA 2026, streamlining EDF filing, advance payments, set-off norms, and AD bank enforcement powers.
RBI deletes Paragraph 38 on option premium deferment from its regulatory framework, effective 1 April 2027, removing deferral privileges for commercial banks.