AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has directed implementation of interoperability among NBFC-Account Aggregators (NBFC-AAs), enabling customers to seamlessly access and share financial data across providers. The move enhances data portability and strengthens the Account Aggregator (AA) framework.
The Reserve Bank of India has extended restrictions on Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, until October 7, 2026. The extension maintains prior limitations on operations to protect depositor interests.
The Delhi High Court held that a formal declaration under Rule 124 is not necessary to establish a trademark as 'well-known' under Section 11(2) of the Trade Marks Act, 1999. The ruling allows courts to independently assess well-known status based on facts and evidence.
SEBI advises early structural, financial, and governance readiness for public InvIT listings, covering disclosures, compliance, and post-offer systems.
SEBI releases new Master Circular for Debenture Trustees, consolidating norms and replacing the 2025 circular effective September 28, 2026.
From November 2026, SEBI requires all stockbrokers to display investor awareness messages and risk disclosures on websites and trading apps.
SEBI launches 'Samajh Se Investing Simple', MUST initiative, and official WhatsApp channel under Project Jagrook to boost investor awareness and engagement.
GSTAT Delhi directs real estate developer to pass on ₹31.20 lakh ITC benefit with 18% interest to homebuyers in violation of Section 18(1) obligations.
Telangana High Court permits delayed filing of GST appeals, granting two weeks for pre-deposit and condonation applications in several matters.
Allahabad HC quashes Section 74 fraud proceeding where notice was uploaded only on GST portal after registration cancellation.
Punjab & Haryana High Court strikes down retrospective cancellation of GST registration where show cause notice did not propose such action.
Madras High Court remands GST ITC denial on construction meant for leasing, directing re-adjudication in light of Safari Retreats’ precedent on commercial use.
The Gujarat High Court quashed a GST refund rejection where the show cause notice (SCN) cited only 'other' or 'error in adjusted total turnover' without specific grounds, holding such vague reasoning invalid.