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

Update: 2026-02-26 03:58 GMT

IBC

TDS On Interest Alone Not Enough To Cross Insolvency Threshold: NCLT Chandigarh

Corporate Debtor Liable For Electricity Dues Despite Lessee's Consumption; Privity of Contract Prevails: NCLT Chennai

Direct Disbursement To Corporate Debtor Not Mandatory To Qualify As Financial Debt Under IBC: NCLAT

MSME Protections Must Be Invoked By Corporate Debtor, Not Personal Guarantors: NCLT Kochi

NCLAT Directs YG Estates To Hand Over Supertech Ecociti, 34 Pavilion Maintenance To RWAs In 30 Days

IPR

One-Month Notice Before Suo Motu Trademark Cancellation Is Mandatory: Delhi High Court

Delhi High Court Grants Levi Strauss Temporary Injunction Against Use of Its Iconic Pocket Tab Mark

Delhi High Court Protects Actress Kajol's Personality Rights, Orders Takedown Of AI Deepfakes, Vulgar Chatbots

Delhi High Court Protects Swami Ramdev's Personality Rights, Restrains AI Deepfakes

Patent Revocation Petition Survives Even If Patent Expires By Efflux Of Time: Delhi High Court

TAX

Supreme Court Issues Notice In Zoomcar Plea Over Denial Of Appeal Against GST Order By Rajasthan High Court

GSTAT Delhi Orders Panchsheel Buildtech To Return ₹98 Lakh To Homebuyers In Anti-Profiteering Case

Order Passed In Fraud Proceedings Cannot Be Reclassified To Avail Amnesty Scheme: Gujarat High Court

Where No Tax Evasion Is Alleged, Liberal Approach Warranted in Transitional ITC Case: Kerala High Court

Importer Who Voluntarily Pays Differential Customs Duty, Seeks DRI Probe Closure Cannot Claim Refund: Madras High Court

Non-Declaration Of Gold At Green Channel Not Always Smuggling: Delhi High Court

ITAT Cannot Grant Tax Exemption Or Donor Tax Benefit To Charitable Trust Without Proper Inquiry: Delhi High Court

ITAT Mumbai Re-characterises Investment in Mauritius Subsidiary as Loan, Denies ₹146.73 Crore Interest To Tata Chemicals

ITAT Mumbai Holds CSR Donations Deductible Under Section 80G, Allows Aditya Birla's PF Contributions

Delhi High Court Quashes 15% TDS Certificate On SaaS Under India–US DTAA, Orders 2% Certificate

Bombay High Court Quashes ₹1 Crore Stamp Duty Demand On Romell Real Estate's Slum Redevelopment Agreement

COMPANY LAW

NCLT Mumbai Admits P&G Home Products' ₹3.15 Crore Capital Reduction Plan, Directs Notice To Creditors

NCLT Finds Jawed Akhter's Conduct Oppressive, Structures Exit From Jawed Habib Hair and Beauty

NCLT Mumbai Sanctions Merger Between Mirae Asset Sharekhan and Mirae Asset Financial Services

MCA Announces One-Time Relief For Delayed Annual Returns And Financial Statements, Cuts Additional Fees To 10%

ARBITRATION

Delhi High Court Dismisses IRCON Appeal Against Railway Construction Arbitral Award

Bombay High Court Upholds ₹496.48 Crore Metro One Award, Strikes Down ₹248 Crore For Lack Of Evidence

Appellate Court Cannot Reassess Valuation Findings in Arbitration Appeal: Jammu & Kashmir and Ladakh High Court

Bombay High Court Modifies Arbitral Order On TDR Sale, Upholds Stay On Termination In Redevelopment Dispute

MSMED Act Overrides Arbitration Clause; Jurisdiction Lies Where Supplier Is Located: Delhi High Court

Delhi High Court Upholds Arbitral Award, Says SAIL Cannot Deduct CENVAT Credit Shortfall Without Contractual Clause

Supreme Court Upholds Delhi HC Refusal To Recall Arbitrator In Vedanta–GSPC Gas Block Dispute

SECURITIES LAW

SEBI Holds VCF Cannot Continue Beyond Tenure, Imposes ₹20 Lakh Penalty On Forum Synergies

OTHER STORIES

Bombay High Court Dismisses Nusli Wadia, Raheja Challenge to Deemed Conveyance of Malad Land to IJMIMA Society

ED Attaches Anil Ambani's ₹3,716 Crore Pali Hill Residence In RCOM Bank Fraud Probe

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