Reserve Bank of Indiabanking
RBI Updates Guidelines for Lead Bank Scheme
The RBI has finalized new guidelines for the Lead Bank Scheme after considering public feedback.
Jun 21, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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Reserve Bank of Indiabanking
Revised Kisan Credit Card Scheme Now in Effect
The RBI has issued final Directions for the Revised Kisan Credit Card Scheme after reviewing stakeholder feedback.
Jun 21, 2026Read more →
Reserve Bank of Indiacorporate
Auction of State Government Securities Offering ₹16,900 Crore
Several Indian states are set to auction securities worth ₹16,900 Crore. Bihar is among the states participating with a re-issue of its 7.69% state government securities.
Jun 21, 2026Read more →
N/Aintellectual_property
The Copyright Reversion Right India Refused
Historical debates reveal insights into the neglected topic of the copyright reversion right in India, which has significant implications for authors and creators.
Jun 21, 2026Read more →
N/Aintellectual_property
PPL Registered as a Copyright Society for Sound Recordings
Phonographic Performance Limited (PPL) has been officially registered as a copyright society under the Copyright Act, 1957. This registration will streamline the management of rights concerning sound recordings in India.
Jun 21, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Remands TP Adjustment Over Incorrect Entity-Level Method
The ITAT remanded a transfer pricing adjustment, citing errors in the computation of arm’s length price using incorrect entity-level metrics.
Jun 21, 2026Read more →
Supreme Court of Indiataxconstitutional
SC Refuses Hearing on Creamy Layer for North-East ST Income-Tax Exemptions
The Supreme Court declined to hear a request to implement a creamy layer system for Scheduled Tribes tax exemptions, deeming it a legislative matter.
Jun 21, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Allows Leave Encashment Deduction as Actual Business Expenditure
The ITAT ruled that CSR expenditure incurred before the 2015 statutory bar is allowable for AY 2012-13. It emphasized that the new provisions cannot be applied retroactively.
Jun 21, 2026Read more →
NCLT, Ahmedabadcorporate
NCLT Orders Rectification of Ambuja Cements Share Register Due to Fraudulent Transfer
The NCLT in Ahmedabad has ordered the rectification of Ambuja Cements' share register, declaring the transfer of 21,000 equity shares as fraudulent. This ruling highlights the tribunal's stance on shareholder protection and fraudulent transactions.
Jun 21, 2026Read more →
NCLT, Mumbaicorporate
NSE Academy Wins NCLT Approval for ₹241.32 Cr Share Capital Reduction
NSE Academy has received NCLT Mumbai's approval for a selective capital reduction of ₹241.32 crore, allowing repayment of excess preference capital under Section 66 of the Companies Act. This ruling underscores the framework for capital reduction under corporate law.
Jun 21, 2026Read more →
Debt Recovery Appellate Tribunalbanking
DRAT Dismisses Late Appeal by Karur Vysya Bank Due to Procedure Lapses
The Debt Recovery Appellate Tribunal (DRAT) has dismissed Karur Vysya Bank’s late appeal, reiterating that procedural diligence is essential and that administrative lapses do not constitute sufficient cause.
Jun 21, 2026Read more →
Karnataka High Courttaxbanking
Karnataka HC Rules on No Service Tax for Free Banking Facilities
The Karnataka High Court has ruled that free banking services, such as maintenance of Minimum Average Balance (MAB), do not constitute a taxable service, therefore exempting such services from service tax.
Jun 21, 2026Read more →
NCLTcorporate
Yes Bank Loan Reclassified as Unsecured in Roofco Trading Insolvency Case
An NCLT ruling has reclassified a Yes Bank loan secured on promoters' property as unsecured debt under the Insolvency and Bankruptcy Code, addressing the legal standards for secured debts.
Jun 21, 2026Read more →