AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Calcutta and Delhi High Courts have adopted conflicting views on whether 'rectification proceedings' under Section 124 of the Trade Marks Act, 1999 include non-use cancellation under Section 47. The split raises uncertainty over whether infringement suits can be stayed during such proceedings.
Successful public InvIT listings demand early assessment of structure, compliance, financial reporting, disclosures, and post-listing governance systems.
From November 1, 2026, SEBI mandates all stockbrokers to display investor awareness messages and risk disclosures on websites and trading apps under Project Jagrook.
RBI's 2026 Master Circular consolidates credit guidelines for SC/ST beneficiaries, covering lending targets, DRI, CEGSSC, and monitoring mechanisms.
The RBI has revised its Digital Rupee FAQs, clarifying e₹ wallet functionality, UPI interoperability, programmability, and wholesale CBDC sandbox (CAT) use cases.
RBI's new Master Direction requires all currency processing units to use BIS-certified note sorting machines effective immediately, enhancing authenticity and fitness checks in circulation.
RBI consolidates lending guidelines for Scheduled Castes and Scheduled Tribes into a unified Master Circular effective October 1, 2026. The directive reinforces priority sector lending obligations for scheduled commercial banks.
RBI liberalises foreign remittance norms by removing value thresholds for online submission of Form A2, allowing seamless reporting across all transaction sizes. AD Category-I banks and AD Category-II entities must frame internal guidelines accordingly.
RBI mandates submission of Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan portal, replacing the XBRL platform. All banks maintaining NRD accounts must comply with revised reporting protocols.
The RBI issued final amendment directions to streamline approval for mutual funds, insurers, and pension funds acquiring major shareholding in banks. The move aims to ease compliance for institutional investors.
The RBI announced a ₹2 lakh crore overnight variable rate reverse repo (VRRR) auction on October 5, 2026, to manage liquidity. The auction reflects active liquidity correction amid evolving monetary conditions.
Circuits differ on whether non-use cancellation under Section 47 constitutes 'rectification' under Section 124(1) of the Trade Marks Act. The Calcutta and Delhi High Courts have diverged on stay of infringement suits pending such proceedings.
In TCRC v. Ganga Rudraiah, the Madras High Court examined ownership of BTS stills under Section 17(b) of the Copyright Act, stressing that no presumed assignment arises from acquiescence in an unwritten arrangement. The decision underlines the need for express agreements in IP collaborations.