AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Karnataka High Court determined that interest under Section 50 of the CGST Act is mandatory and cannot be waived without statutory authority, thereby setting aside prior orders that granted waivers.
The Karnataka High Court ruled that the time limit for filing a waiver application under Section 128A is directory and not mandatory, meaning a delay cannot solely justify the rejection of such waivers for GST interest and penalty.
The Advocates Tax Bar Association has requested an extension of the GST Appellate Tribunal (GSTAT) appeal filing deadline to 31 December 2026, citing ongoing technical issues with the GST portal. This request ensures taxpayers can maintain their statutory right to appeal despite these administrative challenges.
The Gauhati High Court upheld the seizure of areca nuts valued at ₹2.22 crore, citing lack of necessary documentation at the time of interception.
The RBI has issued new guidelines concerning the Trade Receivables Discounting System, aimed at enhancing rationalization and harmonization of applicable guidelines.
SEBI warns investors about trading unlisted public company securities on non-approved electronic platforms, stressing that only recognized stock exchanges provide investor protection.
The Darjeeling District Consumer Court has mandated Amazon and a listed seller to pay ₹4.68 lakh for failing to refund a customer after a product was returned, citing deficiency in service.
The Kerala High Court has upheld the state's 'Priyadarshini Scheme', providing free bus travel for women and transgender persons, dismissing a public interest litigation that sought to quash the scheme as discriminatory.
The Karnataka High Court refused to stay criminal proceedings against a doctor accused of spreading false claims about Nandini dairy products on Instagram. Justice M. Nagaprasanna emphasized that social media should not incite public panic without scientific validity.
The NCLT upheld a winding-up petition filed by a Senior Assistant Director of SFIO, confirming the valid authorization by the Central Government.
The NCLT approved NSE Academy's selective capital reduction amounting to ₹241.32 crore, allowing repayment of excess preference capital under Section 66 of the Companies Act.
The RBI's June 2026 Bulletin indicates the Indian economy's growth at 7.8% in Q4:2025-26, driven by private consumption and fixed investment amidst ongoing global tensions.
On June 23, 2026, the RBI conducted a Variable Rate Repo auction for a notified amount of ₹2,00,000 crores, with bids totaling ₹1,41,171 crores allotted at a cut-off and weighted average rate of 5.26%. This auction underlines the current liquidity conditions in the market.