LiveLawBiz: Corporate Legal News Daily Round-Up: July 02, 2026

IBC

Resolution Professional's Report Is Recommendatory In Personal Guarantor Insolvency Cases: NCLAT

Perjury Cannot Be Invoked For Every Pleading Omission If Correct Financial Position Was Considered: NCLT Delhi

NCLT Cannot Sit In Appeal Over Civil Court Consent Decree In Insolvency Proceedings: NCLAT

Foreign Companies Need RBI Approval To Acquire Security Interest In Indian Immovable Property: NCLAT

NCLT Chandigarh Rejects Recasting Of Claims Based On Pre-CIRP Refunds, Upholds RP Methodology

NCLAT Quashes Insolvency Admission Against Vikram Solar As Debt Falls Below ₹1 Crore

Supreme Court Likens AI Hallucinations To Gas Behind Bhopal Gas Tragedy, Sets Aside CIRP Orders Over Fake Case Law

NCLAT Upholds Insolvency Against Butter, Ghee Maker Jhandewalas Foods

IPR

Delhi High Court Orders Blocking Of Rogue Websites Streaming Sony's Exclusive Sports Broadcasts

Delhi HC Holds Online Marketplace Access Creates Jurisdiction, Restores Radhey Krishna Trademark Suit

Delhi HC Holds Name Change Doesn't Nullify Arbitration Clause, Refers Newgen Dispute To Arbitration

Delhi High Court Orders Takedown Of AI Deepfakes, Cloned Voice Ads Targeting Actor Ravi Kishan

Delhi High Court Refuses ITC Bid To Stop Adyar Gate Hotels' Use Of 'Dakshin' Mark

TAX

CESTAT Delhi Dismisses 17 Mitsubishi Electric Appeals Over EPS-ECU Customs Classification As Automobile Part

ITAT Delhi Restores ₹1.43 Crore Addition Over Alleged Cash Salary Payments

ITAT Mumbai Deletes ₹572.83 Crore Brand Royalty Transfer Pricing Adjustment Against Vodafone Idea

ITAT Mumbai Holds Tax Appeals Infructuous After Company's Liquidation And Sale As Going Concern

ITAT Jaipur Upholds CA Student's Claim For Section 87A Rebate On Short-Term Capital Gains Tax

Holding Company Cannot Issue Shares On Behalf Of subsidiary To Claim Demerger Tax Benefit: ITAT Mumbai

Calcutta High Court Quashes Property Tax Hike Based On Undisclosed Policy, Says It Lacks Statutory Basis

COMPANY LAW

Interrogatories Maintainable In Oppression & Mismanagement Cases Before Company Law Board: Delhi High Court

NCLT Mumbai Approves Cross-Border Merger Of UAE Legal Consultancy Company With Indian Parent

NCLAT Revives IL&FS Plea To Unwind ₹1,080 Crore SREI Group-Linked Lending Transactions

NSEL Moves Supreme Court Against HC Order Refusing Joint Trial In CBI Cases Over Alleged Payment Crisis

ARBITRATION

Delhi High Court Refers Comedian Papa CJ's Dispute Over Purchase Of Coffee Startup Shares To Arbitration

Bombay High Court Says Proof Of Dishonest Asset Transfer Not Needed To Secure Assets Pending Arbitration

Delhi High Court Enforces $454 Million Foreign Arbitral Awards In Favour Of Vedanta, Ravva Oil

Delhi High Court Says No 'Straight Jacket Formula' For Limitation In Enforcing Foreign Arbitral Awards

BSNL Cannot Impose Price Reduction While Extending Delivery Time Under Supply Contracts: Delhi High Court

SECURITIES LAW

SEBI Launches Settlement Helpdesk To Assist Applicants In Filing Settlement Applications

COMMERCIAL LAW

No Statutory Limit On Amending Pleadings Before Trial In Commercial Suits: Calcutta High Court

Counter-Claims Must Ordinarily Comply With Section 12A Pre-Institution Mediation: Delhi High Court

Market Value Determines Specified Value In Commercial Property Disputes: Calcutta High Court

BANKING/NBFC

Calcutta High Court Quashes SBI Fraud Classification Show Cause Notice Against Pincon Spirit Director

DEBT RECOVERY LAWS

EPF Dues Get Priority Over Establishment Assets, Not Partner's Personal Property: Karnataka High Court

Settlement Preserving S.138 Proceedings Keeps Cheque Dishonour Liability Alive: Delhi High Court

PMLA

Former Reliance Power CFO Moves Supreme Court Against Bail Denial In ₹68.20 Crore PMLA Case

OTHER STORIES

NCLAT Transfers Judicial Member Justice N Seshasayee To Chennai Bench In Public Interest