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LiveLawBiz: Business Law Daily Round-Up: February 16, 2026

By - Kirit Singhania
Update: 2026-02-17 04:04 GMT

IBC

CoC Members Entitled Only To Fair And Liquidation Value, Not Full Valuation Reports: NCLAT Chennai

Operational Creditor Cannot Vote on Its Own Resolution Plan; Such Approval A “Material Irregularity” Under IBC: NCLAT

NCLAT Affirms NCLT New Delhi Order Rejecting Insolvency Plea Against Bajaj Appliances

Once Arbitral Award Holder Files CIRP Claim, Execution Under Arbitration Law Not Maintainable: Delhi High Court

NCLT Delhi Appoints Two-Member Committee To Monitor Jaypee Infratech Project Progress

Failure To Issue Notice Is “Larger Than An Ordinary Procedural Breach”: NCLAT Sets Aside Ex Parte NCLT Order

IPR

Delhi High Court Reiterates Limited Interference In Appeals Against Interim IPR Orders

Delhi High Court Allows Oswaal Books To Register 'ONE FOR ALL' As Trademark

Delhi High Court Temporarily Bars Ilaiyaraaja From Licensing Songs Across 134 Films In Copyright Dispute With Saregama

TAX

Customs Act | Once SCN States Market Value Of Seized Goods, Burden Lies On Noticee To Disprove It: Delhi High Court

CESTAT Sets Aside Penalty On Customs Broker, Says CHALR Violation Alone Insufficient

Delhi High Court Affirms ITAT View That Excise Duty Refund Under Kutch Incentive Scheme Is Capital Receipt

Orissa High Court Grants Fresh Hearing To Taxpayer With Neurological Illness, Quashes Ex Parte Order

ITAT Chennai Cancels Rs 1.5 Lakh Penalty For Delayed Audit Filing, Cites Reasonable Cause

ITAT Chennai Rules Cash Deposits Can Be Set Off Against Earlier Advances, Deletes ₹20 Lakh Addition

COMPANY LAW

Byju's Parent Moves Supreme Court To Stall Second Tranche Of Aakash ₹240 Crore Rights Issue

NCLT Chandigarh Approves Merger Of Bhamini Real Estate, DLF Urban Into DLF Home Developers

ARBITRATION

MSMEs Need Not Always Approach Facilitation Council; Arbitration Clause Enforceable: Karnataka High Court

Supreme Court Deems Jamia Hamdard's Consent Of Affiliation Granted To HIMSR, Protects 49 PG Admissions

RERA

MREAT Stays MahaRERA Recall Order After Finding Two Digitally Signed Versions Of Same Order

Telangana RERA Directs K Raheja Corp To Transfer Corpus To Maintenance Society, Complete Safety Works At Raheja Vistas

Tamil Nadu RERA Orders Olympia Tech Park, Chennai To Hand Over Sky Villa To Complainant By February 28

BANKING/NBFC

RBI Draft Directions Propose To Curb Mis-Selling Of Financial Products By Banks, Ban Compulsory Bundling

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