LiveLawBiz: Corporate Legal News Daily Round-Up: July 01, 2026

IBC

No Artificial Procedural Obstacle Can Prevent Filing Of Additional Affidavit In CIRP Proceedings: NCLAT

Secured Creditor Can Claim Priority Only To Extent Of Available Security, Even If Debt Is Higher: NCLAT

IBC Not 'Holy Ganges' To Wash Corporate Debtor's Criminality Under PMLA: NCLAT

IPR

Delhi High Court Upholds Rejection Of Swiss Company's Patent For Plastic Static Mixer

Trademark Registrar Can Be Court Subordinate To HC For Rectification Proceedings Transfers: Bombay High Court

Politicians Must Tolerate AI Satire, But Not Vulgar Deepfakes: Delhi High Court In Raghav Chadha Case

Delhi High Court Confirms Order Directing Kannada Film Mask Makers To Remove 'Naguva Nayana' Or Deposit ₹30 Lakh

Delhi High Court Rules Ilaiyaraaja Cannot License Songs From 134 Films Pending Saregama Copyright Suit

TAX

Arrest Under GST Law Need Not Await Tax Adjudication If 'Reason To Believe' Exists: Chennai Court

Taxpayer Cannot Claim Refund After Transitioning VAT Input Tax Credit To GST: Gujarat High Court

ITAT Mumbai Rules Barclays Bank's Interest From Overseas Branches Not Taxable In India

ITAT Mumbai Quashes Reassessment Against Global Cricket Corporation Over Failure To Issue Mandatory Notice

ITAT Jodhpur Deletes Business Expense Disallowance For Lack Of Adverse Findings

ITAT Ahmedabad Allows Former BSNL Employee's Claim For Tax Exemption On VRS Compensation

ITAT Delhi Quashes Search Assessment Over Defective Consolidated Satisfaction Note

Earlier Reassessment Regime Applies To Non-Searched Taxpayers In 2021-24 Searches: Gujarat High Court

Himachal Pradesh Water Cess Revived? PSPCL Says Yes; High Court Stays Coercive Action On ₹16.32 Crore Demand

ARBITRATION

Limitation Began On Refusal To Perform: Karnataka HC Upholds Arbitral Award In Housing Society's Favour

Expeditious Arbitration Alone Does Not Establish Arbitral Award Was Procured By Fraud: Calcutta High Court

Mere Exchange Of Letters Cannot Extend Limitation For Plea For Appointment Of Arbitrator: Kerala High Court

Interim Order Directing Release Of Award Amount Not Appealable Under S. 37, Arbitration Act: Gauhati High Court

Pending Criminal Proceedings Even In Life Imprisonment Cases Don't Bar Arbitration: Bombay High Court

Bombay High Court Upholds Award Rejecting LPG Distributor's ₹40 Crore Claim Against Reliance Petro

SECURITIES LAW

Delhi High Court Holds NSE Is Public Authority Under RTI Act, Upholds 2010 Ruling

SEBI Fines A Holiday Club Company's Directors ₹1.10 Crore For Unregistered Collective Investment Scheme

SEBI Proposes Uniform 75% Investor Consent Threshold For AIFs

COMPETITION LAW

NCLAT Allows Meru To Withdraw Appeal Against CCI's Closure Of Antitrust Complaint Against Ola, Uber

BANKING/NBFC

RBI Appoints Ravi Shankar As Executive Director To Head Statistics Department

DEBT RECOVERY LAWS

SARFAESI Auction Purchasers Cannot Be Thrown On Streets On Account Of Dispute Between Banks: Bombay High Court

PMLA

PMLA Court Can Try Corruption Cases Along With Money Laundering Case After Transfer: Kerala High Court

Karnataka High Court Grants Bail To Former MUDA Commissioner In Money Laundering Case

ED Can Share Information With Concerned Agencies On Violations Of Other Laws Under PMLA: Karnataka High Court

PMLA Appellate Tribunal Upholds Attachment Of Kerala Businessman's ₹2.55 Crore Assets In Invest Bank Fraud Case

PMLA Tribunal Upholds ED Attachment, Rejects Plea That Predicate Offence Was Not Scheduled When Committed