LiveLawBiz: Corporate Legal News Daily Round-Up: April 25, 2026

BANKING/NBFC

RBI Imposes ₹80 Thousand Penalty On Muthoot Housing Finance For Fair Practice Code Violation

RBI Imposes ₹41.80 Lakh Penalty On Bandhan Bank For KYC, Regulatory Lapses

RBI Cancels Paytm Payments Bank Licence, Cites Harm To Depositors' Interests

IBC

Supreme Court Asks NCLAT To Consider Whether Court-Constituted Committee Is Needed For All Supertech Projects

Limitation Against Personal Guarantor Starts From Guarantee Invocation, Not Corporate Default: NCLT Kolkata

NCLAT Sets Aside Insolvency Against Palavi Synthetics Guarantors After NCLT Miscalculated Limitation

NCLAT Orders IBBI Probe Into Ritzy Chemicals RP As He Allowed CoC Vote On Plan Without Full Disclosure

NCLAT Dismisses Appeal In Green Soul CIRP, Says SRA Consortium Cannot Be Reconstituted After Plan Approval

NCLAT Restores Plea Dismissed For Non-Appearance, Accepts Counsel's SC Engagement As Explanation

NCLAT Reduces ₹1 Lakh Cost To ₹10 Thousand On Unity SFB For Delay In Paying RP Fee

NCLAT Says It Cannot Allow Insolvency Appeal On Settlement, Corrects 'Inadvertent Error' In Earlier Order

NCLT Mumbai Approves Rs. 730 Crore Resolution Plan For Rajesh Business And Leisure Hotels

IPR

Supreme Court Refuses To Interfere With Madras HC Ruling That Contempt Can't Enforce Unquantified Royalty

Delhi High Court Orders Suspension Of Fake 'lumlkai.com' Domain Impersonating Lumikai

Delhi Court Finds Violation Of Surya Roshni's 'SURYA' Mark, Injuncts 'SURYA GOLD,' Awards ₹3 Lakh Costs

Delhi High Court Revokes 'Shahi Dinner' Copyright Registration Over Lack Of Notice To Interested Party

Bombay High Court Restrains BlackShrantac, Unknown Parties From Leaking Adfactors Data

Delhi High Court Temporarily Restrains Use Of “Liv-82 DS” Mark, Protects Himalaya's 'Liv.52'

Delhi HC Decrees “Birla” Trademark Suit In Favour Of Birla Companies After Aryanson Paints Agrees To Settlement

COMPANY LAW

NCLT Kochi Dismisses ₹2.5 Crore Preference Shares Redemption Plea Against Jatayupara Tourism

NCLT Kochi Allows First Motion In ESAF Financial Holdings Scheme To Meet RBI Shareholding Limits

NCLT Mumbai Approves Sashwat Energy Merger with Shapoorji Pallonji & Co

TAX

Search Under IT Act Is Person-Centric; Premises Don't Decide 'Searched Person': Karnataka High Court

Uttarakhand High Court Sets Aside GST Order Passed Same Day As Reply, Calls Hearing An “Eyewash”

Andhra Pradesh High Court Sets Aside GST Order Against Mytrah Energy Over Failure To Examine Nature of Supply

Customs Public Notices Cannot Be Issued In A Manner Diluting FTA Benefits Or Overriding Law: Bombay HC

Telangana HC Upholds ITAT Order Rectifying Contradiction That Allowed Both Taxpayer and Revenue Appeals

Failure To Claim Tax Relief Doesn't Change Nature Of Salary Arrears: Delhi High Court

Delhi High Court Refuses To Quash Third-Party Reassessment Despite Interim Relief To Searched Entity

ARBITRATION

MP High Court Sets Aside Arbitral Award In Insulator Supply Dispute For Patent Illegality

Telangana HC Restores ₹168 Crore Award, Says Pending Plea No Bar To Consensual Appointment Of Arbitrator

Calcutta High Court Orders Enforcement of ₹1.34 Crore Arbitral Award Against L&T

Arbitral Award Holder Cannot Decline To Receive Amount And Then Claim Decree Unsatisfied: Delhi High Court

SECURITIES LAW

SEBI Proposes Shift In Broker Net Worth Norms From Client Funds Held To Client Balances And Client Base

SEBI Proposes Shorter Payment Timelines, Clear Release Rules For Unpaid Securities

SEBI Allows Net Settlement Of Funds For FPIs In Cash Market

RERA

Maharashtra REAT Says No Jurisdiction Over Banks Lending To Homebuyers; Refuses Stay On SARFAESI Recovery