AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
CESTAT Delhi confirmed classification of 100% PVC protector tube under CTH 39172310, extending limitation and penalties for misdeclaration.
CESTAT Mumbai overturned duty enhancement, confiscation, and penalties due to insufficient evidence on Iranian cargo origin.
CESTAT Ahmedabad confirmed export obligation dues under EPCG scheme but quashed confiscation and penalties for procedural fairness.
J&K HC upholds Parliament’s power to extend Building and Other Construction Workers Cess Act to J&K; applies to post-2007 contracts.
MCA imposes ₹15 lakh compounding fee on Shree Renuka Sugars for violating auditor tenure and rotation rules under Section 139.
NCLT approves amalgamation of Mawana Foods with Mawana Sugars effective April 1, 2026, preserving tax and regulatory benefits.
NCLT Ahmedabad dismisses oppression plea, citing insufficient grounds for compulsory share purchase despite inter-shareholder conflict.
NCLT Ahmedabad directs RoC to re-examine disputed DIR-12 filing under Rule 11; refuses immediate removal of directors.
NCLAT Delhi closed the CIRP after creditors settled claims and the appellant agreed to pay costs, despite procedural impasse under Section 12A.
NCLAT upheld the restoration of Ganton Projects but reduced the ₹10 lakh cost imposed to ₹5 lakh, holding the original amount to be disproportionate under Rule 87A of the Companies Rules.
RBI amends investment portfolio rules for Small Finance Banks to ensure uniform valuation and risk management standards.
RBI amends investment portfolio rules for All India Financial Institutions. Focuses on classification and valuation clarity.
Exim Bank signs ₹4,850 crore LOC with Maldives govt for development projects. RBI notifies dealer banks on operational guidelines for disbursement.