LiveLawBiz: Corporate Legal News Daily Round-Up: April 23, 2026

BANKING/NBFC

Banks Must Halt Online Money Game Transactions On Regulator's Direction Under Online Gaming Rules, 2026

Bombay High Court Upholds RBI's 2019 Stressed Assets Framework, Finds No Arbitrariness

Bombay High Court Reads Down RBI 5-Year Ban On New Venture Funding For Wilful Defaulters After NPA Settlement

IBC

Insolvency Process Has Far-Reaching Consequences, Cannot Be Used To Enforce Money Decrees: Supreme Court

NCLAT Sets Aside NCLT Order Replacing RP, Says It Cannot Act As 'Moral Guardian'

Homebuyers Can't Claim 8% Interest Where Agreement Provides Delay Compensation: NCLT Kolkata

NCLT Kolkata Rejects Insolvency Plea Against Burnpur Cement, Flags Disputed Debt

NCLAT New Delhi Says SEBI Order Cannot Be Tested In IBC, Upholds Ineligibility Under Section 29A(f)

NCLT Allahabad Admits Aarti Industries' ₹8.21 Crore Insolvency Plea Against Magma Industries

NCLAT Sets Aside NCLT Order Allowing Withdrawal Of CoC-Approved Resolution Plan

IPR

Bombay HC Grants Injunction Against Absun Pharma, Imposes ₹10 Lakh Costs For Sun Pharma Mark Infringement

Delhi High Court Lifts Injunction On 'Shatam Jeeva' Mark, Says No Prima Facie Infringement of 'Jiva' Trademark

TAX

Delhi High Court Quashes State GST Order Citing Overlapping Proceedings With CGST Authority

Delay In GST Appeal Condonable On Showing Sufficient Cause: Gujarat High Court

ITAT Kolkata Remands ₹13.83 Crore Unsecured Loan Case, Flags Lack of Creditor Verification

ITAT Ahmedabad Quashes Reassessment As AO Shifts From Bogus Loan To LTCG From Penny Stocks

ITAT Ahmedabad Remands ₹7.71 Crore Addition Over Possible Duplication In Bank Credits

Debatable Issues Cannot Be Rectified Under Section 154 Of Income Tax Act: ITAT Ahmedabad

Depreciation In Sale–Leaseback Cannot Be Denied On Mere Suspicion: Madras High Court

ITAT Quashes Reassessment Based On Third-Party Statements, Deletes ₹94.5 Lakh Additions

MP High Court Sets Aside Commercial Tax On Diamond Cement For Sale Of Food In Factory Canteen

Conditional Land Tax Acceptance Unsustainable Without Civil Court Adjudication: Kerala High Court

Delhi HC Dismisses GST Dept Review, Says It Could Have Withdrawn SCN Instead Of Inviting Order On Merits

COMPANY LAW

NCLT Allahabad Sanctions Amalgamation Of Advanced Rail Controls With Concord Control Systems

ARBITRATION

Arbitration Clause Can't Be Ousted By Specific Performance Clause In Contract: Punjab & Haryana High Court

Calcutta High Court Dismisses Appeal Seeking Modification Of Arbitral Award Stay, Says Plea Not Appealable

Calcutta High Court Restores Arbitral Award In Bhubaneswar Airport Terminal Construction Dispute

Madhya Pradesh High Court Holds ICA Award Void, Says Only CJI Can Appoint Arbitrator

Arbitration Can Proceed Despite Parallel Criminal Proceedings In Private Disputes: Madhya Pradesh High Court

SECURITIES LAW

SEBI Imposes ₹30 Lakhs Penalty On 11 Entities For Manipulative Trading In Veer Global Scrip

DEBT RECOVERY LAWS

Cheque Return Memo Need Not Bear Bank Seal Or Signature To Prove Dishonour: Karnataka High Court