The Reserve Bank of India has notified the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, significantly liberalising the External Commercial Borrowing (ECB) regime. The amendments broaden the pool of eligible borrowers and recognised lenders, replace the all-in-cost cap with a market-linked benchmark, standardise minimum maturity requirements, enhance borrowing limits, and introduce procedural […]
In The Procter and Gamble Company v. IPI India Private Limited (O.P.(TM) Nos. 48, 49 and 50 of 2024), the Madras High Court dismissed trademark rectification petitions filed by P&G, holding that the term “Vapo” is descriptive, common to the trade, and publici juris, and therefore incapable of exclusive appropriation. The Court found that “Vapo”, […]
SEBI has issued a series of circulars requiring regulated entities and market infrastructure institutions to ensure full digital accessibility across websites, mobile applications, KYC processes, and investor-facing platforms, in line with statutory obligations and the Supreme Court’s recognition of digital access as a fundamental right. Through defined accessibility standards, extended compliance timelines, structured audit and […]
In Alkem Laboratories Limited v. Prevego Healthcare and Research Pvt. Ltd. (2026:DHC:411), the Delhi High Court refused to grant an interim injunction restraining the use of “MULTIVEIN AZ”, rejecting Alkem’s claim of exclusivity over the letters “A” and “Z”. The Court held that individual alphabet letters and generic expressions such as “A TO Z”, particularly […]
The Reserve Bank of India has notified comprehensive amendment directions on lending to related parties by regulated entities, effective 1 April 2026, significantly strengthening governance, oversight, and disclosure standards. By expanding definitions, revising materiality thresholds, extending board-level oversight mechanisms, and strengthening monitoring and reporting requirements, RBI reinforces transparency, accountability, and prudential discipline in related party […]
In a significant ruling, the Bombay High Court (Nagpur Bench) has quashed a GST show cause notice issued on the assignment of long-term MIDC leasehold rights, holding that such transfer amounts to transfer of benefits arising out of immovable property and not a taxable supply of service under GST. The Court further clarified that the […]
