In the era of Large Language Models (LLMs), predicting judicial outcomes poses significant challenges due to the complexity of legal proceedings and the scarcity of expert-annotated datasets. Addressing this, we introduce \textbf{Pred}iction with \textbf{Ex}planation (\texttt{PredEx}), the largest expert-annotated dataset for legal judgment prediction and explanation in the Indian context, featuring over 15,000 annotations. This groundbreaking corpus significantly enhances the training and evaluation of AI models in legal analysis, with innovations including the application of instruction tuning to LLMs. This method has markedly improved the predictive accuracy and explanatory depth of these models for legal judgments. We employed various transformer-based models, tailored for both general and Indian legal contexts. Through rigorous lexical, semantic, and expert assessments, our models effectively leverage \texttt{PredEx} to provide precise predictions and meaningful explanations, establishing it as a valuable benchmark for both the legal profession and the NLP community.

Employing Large Language Models (LLM) in various downstream applications such as classification is crucial, especially for smaller companies lacking the expertise and resources required for fine-tuning a model. Fairness in LLMs helps ensure inclusivity, equal representation based on factors such as race, gender and promotes responsible AI deployment. As the use of LLMs has become increasingly prevalent, it is essential to assess whether LLMs can generate fair outcomes when subjected to considerations of fairness. In this study, we introduce a framework outlining fairness regulations aligned with various fairness definitions, with each definition being modulated by varying degrees of abstraction. We explore the configuration for in-context learning and the procedure for selecting in-context demonstrations using RAG, while incorporating fairness rules into the process. Experiments conducted with different LLMs indicate that GPT-4 delivers superior results in terms of both accuracy and fairness compared to other models. This work is one of the early attempts to achieve fairness in prediction tasks by utilizing LLMs through in-context learning.