LiveLawBiz: Business Law Daily Round-Up: February 12, 2026

IBC

NCLAT Finds IndusInd Bank, RTA Negligent In Issuing Duplicate Share Certificates, Upholds Restoration Of 5,000 Shares

Dissenting Banks Cannot Continue Recovery Against Guarantors Once Resolution Plan Attains Finality: NCLAT

Recall Of Order Not Permissible For Party's Failure; 'Mistake' Must Be Tribunal's Error: NCLT Hyderabad

NCLT Kochi Rejects Plea To Implead CBI In Corporate Petition Alleging Oppression And Mismanagement

IBC Cannot Be Used To Legitimize Proceeds of Crime: NCLT Recalls Alchemist Limited CIRP

NCLAT Closes Suo Motu Contempt Proceedings Against IRP After Accepting His Unconditional Apology

IPR

Calcutta High Court Sets Aside Rejection Of UPL's Herbicide Patent For Denying Mandatory Hearing

Supreme Court Allows Product-To-Claim Mapping In Nivolumab Patent Dispute Between ER Squibb and Zydus

Bombay High Court Issues Bailable Warrants Against 4 Effingut Directors In Copyright Contempt Case By PPL

Belagavi Court Refuses Ex Parte Injunction Against US AI Company Anthropic In Trademark Dispute

TAX

Karnataka High Court Quashes Rs 85.51 Crore IGST Demand On Salaries Paid To Foreign Nationals By Huawei India

Bombay High Court Restores Trader's GST Registration After Defective 'Cyclostyled Notice'

No Separate GST On Chemicals Supplied Under Mud Engineering Contracts: Andhra Pradesh High Court

Organising Ramkatha, Bhagwat Katha Not 'Wholly Religious', 80G Approval Cannot Be Denied To Charitable Trust: ITAT Ahmedabad

Delhi High Court Dismisses Revenue Appeals Against ITAT Order In Mahagun TDS Dispute Over NOIDA Lease Rent

Supreme Court To Examine If Delay In Filing ITR Can Be Condoned Under Section 119(2)(b) Of Income Tax Act

Andhra Pradesh High Courts Rejects Sales Tax Exemption Claim Over Defective Form A-5

Sales Directly Linked To Export Cannot Be Taxed Under Central Sales Tax: Andhra Pradesh High Reaffirms

Supreme Court Reverses 'Alien Modality' Of Refunding IGST To Torrent Power, Orders Credit To Consumer Welfare Fund

COMPANY LAW

Oppression Petition Not Maintainable Where The Principal Relief Sought Is Winding Up: NCLT Amaravati

ARBITRATION

Direction To Deposit Proceeds In Escrow Warranted Only In Limited Circumstances: Supreme Court

Supreme Court Directs NHAI To Deposit 50% of ₹1,019 Crore Award In Vadodara-Mumbai Expressway Dispute

Conciliation Gets Award Status Under Arbitration Act Unless Expressly Excluded by Parties: Supreme Court

Delhi High Court Dismisses Cross-Petitions In FHEL-GAPL Arbitration, Confirms Damages & Rental Awards

RERA

Karnataka High Court Invokes Writ Jurisdiction In RERA Matter To Enable Consideration Of Developer's Objections

DEBT RECOVERY LAW

Bank Can Exercise Lien On Guarantor's Salary, Section 60 CPC Not Applicable: Kerala High Court

BANKING/NBFC

New RBI Directions Raise Collateral-Free Loan Limit For MSEs From ₹10 To 20 Lakh