LiveLawBiz: Corporate Legal News Daily Round-Up: July 07, 2026

COMPETITION LAW

CCI Closes Antitrust Complaint Against Nissan Over Dealership Termination

IBC

'Shylockian System' Of Lending Cannot Be Permitted To Misuse IBC For Debt Recovery: NCLT Kochi

'Endless Indulgence' Under Guise Of Resolution Defeats IBC's Purpose: NCLAT

IBC Claim Requires Crystallised Right To "Payment," Not Mere Right To "Performance": NCLT Kolkata

Order Passed On Mistaken Facts Cannot Be Basis For Contempt: NCLAT

COVID Extension Does Not Waive Interest On Delayed Liquidation Payments: NCLT Mumbai

IBC S.121(2) Timeline For Personal Guarantor Bankruptcy Applications Directory, Not Mandatory: NCLAT

IBC Threshold Must Be Tested Against MahaRERA Records At Time Of Filing Petition: NCLT Mumbai

IPR

Trade Marks Registry Rejects Registration Of 'BOSSBABE' Trade Mark Over Similarity To Hugo Boss' Mark

Delhi High Court Restrains Hema Industries From Using 'FREEDINE' Mark In 'FREEDOM' Trademark Dispute

Cricketer Abhishek Sharma Moves Delhi High Court Seeking Protection Of Personality Rights

Bombay High Court Refuses Interim Relief To Bristol Bakery, Grupo Bimbo In 'Bimbo' Trademark Dispute

TAX

Madras High Court Upholds GST Demand Holds ITC Claim Based On Fabricated Agreement Invalid

Belated Allegation Of Coercion Cannot Justify GST Refund After Voluntary Payment: Gujarat High Court

No Service Tax On Reimbursement Of Actual Electricity Charges Recovered From Tenants: CESTAT Chennai

Gujarat HC Holds PLA Payment Cannot Result In Double Recovery, Directs ₹3.74 Cr. Credit Restoration

CESTAT Chandigarh Quashes ₹55 Lakh Excise Duty Demand Over Pre-1991 Duty Collections

Madras HC Upholds Jurisdiction Of Assessing Officers To Issue Reassessment Notices Under Income Tax Act

Madras High Court Holds Employer Cannot Grant Section 89 Tax Relief Without Form 10E From Employees

ITAT Ahmedabad Holds Shell Company Allegation Alone Cannot Justify ₹44.49 Crore Section 68 Addition

ARBITRATION

Emergency Relief Under Foreign Arbitration Rules Does Not Bar Interim Relief By Indian Courts: Bombay High Court

Party Cannot Revive Contention Omitted Earlier Through Fresh Plea In Same Dispute: Gujarat High Court

Non-Signatory Cannot Be Compelled To Arbitrate Merely For Claiming Through Signatory: Bombay HIgh Court

Karnataka High Court Rejects Ex-Director's Objection To Settlement With NHAI After Company's Liquidation

SECURITIES LAW

SEBI Allows Depositories To Use 5% of IPF Investment Income For Administrative Expenses

SEBI Tightens Buyback Framework, Introduces 15% Limit On Stock Exchange Route From 1 August

Former Lakshya Promoter Moves SAT Against SEBI's Approval Of Learnfluence Education IPO

RERA

Routine Business, Approval Delays Not Force Majeure For Delayed Home Possession: Maharashtra RERA

COMMERCIAL LAW

Delhi High Court Restrains DUSIB From Acting On Bank Guarantees Furnished For Construction Of 7,400 EWS Houses