LiveLawBiz: Corporate Legal News Daily Round-Up: February 26, 2026

Update: 2026-02-27 03:49 GMT

IBC

Byju's CoC Moves Supreme Court After NCLAT Refuses Impleadment In GLAS Trust Removal Plea

Supreme Court Refuses To Frame Guidelines On Parallel Insolvency Against Borrower and Guarantor

NCLAT Refuses To Condone Delay In Appeal; Limitation Starts From Pronouncement, Not Uploading

IPR

Kerala High Court Restrains Former G-TEC Franchisee From Using GIO TECH Mark

Purva Dhanashree Moves Delhi High Court Amid Trademark Dispute Over 'Vilasini Natyam'

Jammu Court Grants Interim Relief To JioStar India, Restrains Unauthorised Cable Transmission

Delhi High Court Temporarily Restrains 'Singh and Singh Chartered Accountants' In Trademark Suit Filed By Law Firm

Calcutta High Court Finds 'Spic' Bottle 'Virtually Identical' To Harpic, Restrains Godrej

TAX

Rooh Afza Is Fruit Drink, Not Residuary Goods; Supreme Court Applies 4% VAT Under Uttar Pradesh VAT Act

Expired E-Way Bill Does Not Justify Harsh Penalty Under GST Law: Gujarat High Court Orders ₹18 Lakh Refund

Ready Rotis Classifiable as Bread, Not Ready-To-Eat Food; CESTAT Grants Nil Excise Duty

Bought-Out Optional Plywood Tops Value Not Includible In Excise Duty on Folding Cots: CESTAT Kolkata

Second-Hand Digital Multifunction Machines Imported Pre-2012 Not Confiscable: CESTAT Chennai

Housekeeping, Manpower Services Eligible For CENVAT Credit Post-2011: CESTAT Chennai

Pre-Adjudication Amount Paid Under Protest Is Deposit, Not Duty; CESTAT Allahabad Grants 12% Interest From Deposit

Gujarat High Court Quashes Reassessment On Income From Property Sale After Fraudulent Deeds Cancelled

TDS On Consultant Doctors To Be Deducted As Professional Fees, Not Salary: ITAT Delhi

Gift Pursuant To Family Settlement Not Taxable As Deemed Income: ITAT Delhi Dismisses Revenue's Appeal

Ten-Year Block Under Section 153A Includes Search Year: Gujarat High Court

Extraordinary Writ Jurisdiction Cannot Be Invoked In Factual Disputes: Orissa High Court

RERA

Rajasthan RERA Restrains Secured Creditor From Acting Against Homebuyers Who Bought Flats Before Project Mortgage

ARBITRATION

Arbitrator Appointed By Agreed Institution Not Per Se Unilateral: Madras High Court

COMPANY LAW

NCLAT Dismisses Jindal Poly Films' Appeal Challenging Maintainability Of Minority Shareholders' Class Action Suit

SECURITIES LAW

SEBI Drops LBMA Benchmark, Mandates Exchange Spot Prices For Gold And Silver Fund Valuation

SEBI Directs Regulated Entities To Disclose Registration Numbers On Social Media Posts

SAT Upholds ₹5 Lakh Penalty on Som Distilleries for Misleading Disclosure On ₹100 Crore Fund Raise

SEBI Revises Mutual Fund Scheme Categorisation Norms, Introduces Life Cycle Funds

Holding Physical Share Certificates? Here's How to Convert Them into Demat Form

SEBI Disposes Proceedings Against Kalyani Steels, BF Utilities In ₹4.12 Crore Settlement

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