LiveLawBiz: Corporate Legal News Daily Round-Up: April 20, 2026

IBC

Offences Under IBC Triable By Special Court Where Registered Office Is Located: Madhya Pradesh High Court

Legal Representatives Can Maintain Oppression Petitions Without Membership Registration: NCLT Mumbai

CoC's Commercial Wisdom Cannot Override IBC Mandates In Early Dissolution Plea: NCLT Mumbai

Debt Denominated In Foreign Currency Must Be Converted At Invoice Date Rate For IBC Threshold: NCLT Ahmedabad

SARFAESI Enforcement Cannot Be Invoked After Debt Is Extinguished Under IBC: Orissa High Court

NCLT Rejects CIRP Plea Against Electrotherm Over Pre-Existing Dispute

IPR

Bombay High Court Finds No Novelty In Atomberg Fan Design, Refuses Interim Relief Against Stove Kraft

TAX

CESTAT Grants Relief To Bharat Hotels, Sets Aside Service Tax On Forfeited Booking Advances

CESTAT Delhi Rejects AAI's ₹30.31 Lakh Excess Service Tax Refund Claim Over Delay

GOQii Fitness Bands Not Pedometers But Data Communication Devices: CESTAT Mumbai Partly Allows Revenue Appeal

CESTAT Mumbai Sets Aside ₹1.19 Crore Customs Duty Demand Against Sonova Over Hearing Aid Charging Cases

Jio Infocomm USA's Receipts For Voice Termination Services Not Taxable As Royalty Or FTS In India: ITAT Mumbai

ITAT Mumbai Sets Aside CIT(A) Enhancement Of Taxable Income On Issue Not Examined By AO

Writ Maintainable After Income Tax Assessment If Order Is Ex Facie Without Jurisdiction: Delhi High Court

Relevant Date Under GST Refund Varies By Claim Type; 2019 Amendment Not Retrospective: Delhi High Court

Gujarat High Court Quashes Move To Reopen Income Tax Assessment Over Vague Third-Party Material

Supreme Court Refuses To Interfere With Ruling In Tata Steel Case, Upholds Entry Tax On H.R. Sheets

Gujarat High Court Sets Aside Move For Income Tax Reassessment In Land Sale, Bars Differing Stand On Evidence

CESTAT Kolkata Sets Aside IGST Demand On Tea Pruning Machine Importer, Faults Dept. For Classification Lapse

Can Dept. Issue One GST Notice Under Sections 73/74 Of CGST Act For Multiple Years? Bombay HC Refers Issue To Larger Bench

Concessional GST On Irrigation Rubber Rings Conditional On Hard Rubber Use: Rajasthan AAR

Delay In Final Approval Filing Not Adverse Where Caused By Confusion In Amended Law: ITAT Ahmedabad

Corpus Fund By RWAs Taxable As Advance For Future Services, GST Payable On Receipt: Karnataka AAR

Bombay High Court Sets Aside GST Cancellation Order For Lack Of Reasons

Revised IT Return Permissible Only For Bona Fide Discovery Of Omission Or Mistake: Gujarat High Court

ITAT Chennai Deletes ₹49.80 Lakh Additions On Flat Purchase And Cash Deposits, Allows Reinvestment Benefit

Hypothecation Agreements Attract Stamp Duty As General Agreements, Not Pledge Or Mortgage: Kerala High Court

ARBITRATION

Chhattisgarh High Court Sets Aside Arbitral Award Against BSNL For Granting Interest Despite Contractual Bar

Section 17 Security In Tribunal Domain, Courts To Interfere Only On Perversity: Calcutta High Court

Statutory Bar On Arbitrability Can Be Examined While Granting Interim Relief: Bombay High Court

Road Ministry Pushes For Pre-Conciliation In Highway Contractual Disputes Under Vivad Se Vishwas-III Scheme

Legal Representatives Have Right To Challenge Arbitral Awards That Bind Them: Supreme Court

RERA

RERA Orders Not Civil Decrees, Recoverable As Arrears Of Land Revenue: Kerala High Court

SECURITIES LAW

SEBI Lowers Credit Risk Threshold, Expands REIT Risk Classification Framework In 2026 Amendment

BANKING/NBFC

Bombay High Court Quashes Union Bank's Wilful Defaulter Tag Against Former Promart Director

COMMERCIAL COURTS ACT

Calcutta HC Grants Summary Judgment In Commercial Suit After Defendants Forfeit Right To File Written Statement

COMPANY LAW

NCLT Delhi Approves Powerlinks Transmission Scheme To Reclassify Reserves Into Retained Earnings

OTHERS

ICAI Denies Reports of New Authority for CA Exams, Calls Claims “Factually Incorrect”

Failure To Exercise Due Diligence By CA Is Professional Misconduct, No Dishonest Intent Needed: Gujarat High Court

Ex-Promoter Of Learnfluence, Which Runs Lakshya Coaching Platform, Moves Kerala High Court Against IPO