LiveLawBiz: Business Law Daily Round-Up: February 18, 2026

IBC

NCLAT Says COVID Limitation Ruling Not Properly Considered In Encore ARC's CIRP Against Pandhe Constructions

NCLT Mumbai Admits Insolvency Plea Against Reliance Ornatus Over ₹133.88 Crore Default

Resolution Professional Cannot Seek Removal Of Statutory Lien Created Before CIRP: NCLT Mumbai

Municipal Dues Cannot Be Recovered From Auction Purchaser After IBC Liquidation: Calcutta High Court

NCLT President Submits Enquiry Report After NCLAT Calls Chennai Bench Order “Rather Dubious”

Authorisation, Stamping, and IU Defects Cannot Block Insolvency Petition: NCLAT Delhi

NCLT Ahmedabad Refuses Travel Relief To Personal Guarantor With ₹2717 Crore Liability

IPR

Bombay High Court Restrains 'ACERIL' Trademark For Phonetic Similarity With Glenmark's 'ASCORIL'

Delhi High Court Refers Patanjali–Britannia 'Milk Bikis' Ad Disparagement Dispute To Mediation

Delhi High Court Imposes ₹50,000 Costs On Patent Owner For “Unnecessary Litigation”

TAX

GST Authorities Cannot Enforce IGST Demand Against SREI Finance During Moratorium: Delhi High Court

Kerala High Court Quashes Composite GST Notices Issued to Actor Honey Rose

ITAT Mumbai Upholds Fresh Examination of Ambuja Cements' AY 2019–20 Assessment For Lack Of Inquiry

ITAT Delhi Quashes Tax Revision Against Senior Advocate Mukul Rohatgi For AY 2020–21

RERA

Society Members Can File RERA Complaint Against Developer Despite Not Being Allottees: MahaREAT

ARBITRATION

Executing Court Does Not Cease To Have Jurisdiction After Allowing Execution Petition: Calcutta High Court

Jammu & Kashmir & Ladakh High Court Upholds 12% Post-Award Interest Despite 18% Rate Under Unamended Arbitration Law

Supreme Court Refuses To Interfere With P&H HC Ruling In Talwandi Sabo–Punjab Power Arbitration Dispute

Supreme Court Refuses To Interfere With Order Denying RCF Right To Retain ₹218 Crore Deposited By Thermax In Arbitration

Pro Volleyball League Dispute: Madras High Court Upholds ₹4 Crore Award Against Volleyball Federation Of India

COMPETITION LAW

CCI Approves Merger Of Hinduja Leyland Finance With NDL Ventures

SECURITIES LAW

SAT Reiterates Show Cause Notices Are Not Appealable, Dismisses Brokers' NSE Co-Location Appeals

SAT Rejects Avadhut Sathe Academy Plea To Withdraw ₹2.25 Crore Monthly Till SEBI Probe Ends

BANKING/NBFC

Writ Courts Cannot Force NBFCs To Regularise NPAs After SARFAESI Notice: Keral High Court

DEBT RECOVERY LAWS

Supreme Court Dismisses Plea Against Allahabad HC Ruling Upholding DRT Registrar's Power to Issue Notice Under SARFAESI

COMPANY LAW

Common Independent Director Not 'Common Management': Gujarat High Court Sets Aside GeM Bid Rejection