AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has released draft Amendment Directions regarding interest rate disclosures on deposits, inviting stakeholder comments. This aims to enhance pricing flexibility for banks.
The RBI announced the redemption price for premature redemption of the SGB 2021-22 Series-III, due on June 8, 2026. This outlines conditions for early redemption of Sovereign Gold Bonds.
The Saket District Court ruled in favor of independent artist Anamika Sood, affirming her copyright ownership over her song 'Ferrareee,' while rejecting claims made by Saregama.
The Registrar of Companies has penalized a company for issuing shares at a price below the registered valuer’s determined value, reinforcing compliance with Section 62(1)(c) of the Companies Act.
The NCLAT ruled that dismissal for want of prosecution was unwarranted as multiple adjournments arose from the Tribunal's own constraints, underscoring fairness in judicial proceedings.
The Calcutta High Court has barred the regional director from permitting the Hindusthan Glass head office shift during pending appeals at NCLAT, clarifying the interpretation of relevant provisions.
The DGFT has expanded the Quality Control Order exemption for SEZ imports and mandated BIS compliance for domestic clearance.
The DGFT has introduced stricter regulations for silver imports, requiring valid import authorisation for agencies previously exempted.
The Delhi High Court permitted the withdrawal of a sugar supply recovery suit, stating that the settlement through an NCLT-approved IBC plan warranted a full refund of court fees.
The Calcutta High Court upheld its previous ruling on the diesel escalation clause, stating that it correctly applied legal principles regarding contractual obligations. The court ruled that it cannot rewrite contracts between parties.
The NCLT has approved a ₹17.25 crore resolution plan, stating that statutory obligations cannot be waived due to COVID-19-related disturbances. This ruling addresses the challenges during CIRP amid financial uncertainties.
The Madras High Court has ruled that unregistered property transfers cannot substantiate depreciation claims under the Income Tax Act.
The ITAT ruled that income tax assessments based solely on suspicion regarding transactions lack validity unless legal proof of wrongdoing is presented.