AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has revised its Kisan Credit Card framework to enhance credit access for farmers. The new guidelines detail eligible farmers, loan limits, and collateral norms aimed at improving agricultural financing.
The Calcutta High Court upholds a bank's decision to withhold a 'No Due Certificate' until all components of the loan debt are satisfied.
The Karnataka High Court has ruled that filing an Income Tax Return (ITR) does not amount to a retraction of a statement made under section 132(4) of the Income Tax Act.
The NCLT has admitted an insolvency plea against Evoq Remedies for failing to refund a ₹1.95 crore advance, marking the beginning of insolvency proceedings against the company.
Despite objections under Section 10A of the IBC, the NCLT permitted an amendment regarding the default date in the insolvency plea against Coffee Day Global Ltd, viewing it as clarificatory rather than a new claim.
Pahal Financial Services has been penalized ₹3.10 lakh by RBI for not adhering to KYC guidelines.
The RBI has imposed a monetary penalty of ₹2.70 lakh on Can Fin Homes Limited for non-compliance with Fair Practices Code requirements.
The RBI has levied a penalty of ₹6.20 lakh on Five Star Business Finance Limited for non-compliance with KYC and Fair Practice Code provisions.
A recent exploration of historical debates on the Copyright Act reveals insights into the ignored concept of Reversionary Rights, raising questions about its status in current IP jurisprudence.
The Calcutta High Court ordered a fresh hearing for a taxpayer due to the non-receipt of a show cause notice.
The Delhi High Court ruled that GST show cause notices uploaded without effective communication are invalid, quashing the GST demand.
The Punjab and Haryana High Court ruled that a GST penalty order issued without a show cause notice is invalid, reaffirming principles of natural justice.
The Delhi High Court held that the amended limitation provision under GST cannot be applied retrospectively, preserving vested rights.