LiveLawBiz: Corporate Legal News Daily Round-Up: August 10, 2026

IBC

Separate CIRP Cannot Be Initiated For Project When Developer Is Already Undergoing CIRP: NCLT Bengaluru

NCLT Jaipur Replaces RP In Dropbase Liquidation, Says CIRP Beyond 330 Days Is Serious Lapse

Bombay High Court Sentences Insolvent To Jail For Concealing Bank Accounts, Rejects Limitation Defence

Time-Barred Insolvency Plea Can Be Rejected Without RP Appointment: NCLAT New Delhi

NCLT Chennai Dissolves Ashok Leyland-John Deere JV After 8-Year Voluntary Liquidation

NCLT Chennai Admits Ozone Projects To CIRP Over ₹212 Cr Default, Says Trustee Can Initiate Proceedings

TAX

Assessing Officer Can't Become An Economist To Question Expected Return In Share Valuation: Delhi High Court

COMPANY LAW

NCLT Ahmedabad Sanctions Vitanosh-Lactose India Merger, Condones Filing Delay

NCLT Mumbai Dismisses SFIO's ₹100.50 Crore Disgorgement Plea Over Aircel Shareholding Transaction

ARBITRATION

Two Arbitration Places Can Both Be Seats If Parties Do Not Choose One: Madhya Pradesh High Court

Bombay High Court Allows $200,733 Claim Against Victore Ships, Says Voluntary Absence Won't Bar Enforcement

COMMERCIAL LAW

Bombay High Court Says Judicial Machinery's Error Cannot Prejudice Litigant, Restores ₹2.04 Crore Suit

Employment Disputes Not Commercial Disputes Under Commercial Courts Act: Delhi High Court

Monetary Claims Alone Do Not Bar Urgent Relief Exception To Pre-Institution Mediation: Bombay High Court

RERA

Punjab & Haryana HC Denies Bail In ₹5.44 Crore Roselyn Square Case, Says Allegations Go Beyond Delay

BANKING/NBFC

NBFC's Pending Amalgamation Application Not Enough To Claim It Meets NOF Requirement: Calcutta High Court

MSME

MSME Suppliers To Get At Least 50% Of Award If Court Challenge Takes Over Six Months Under New Amendment