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LiveLawBiz: Corporate Legal News Daily Round-Up: July 11, 2026

By - Kirit Singhania
Update: 2026-07-12 03:38 GMT

IBC

NCLT Delhi Says Transfer Plea Cannot Be Allowed 'At Mere Asking,' Dismisses Ex-Promoter's Application

NCLT Admits Insolvency Plea Against The Moms Co. Parent Over ₹1.32 Crore Dues

NCLT Delhi Admits CIRP Plea, Holds Advance Paid For Unsupplied Goods Qualifies As Operational Debt

Companies Act, DPDP Act Cannot Fasten Liability On Third-Party Cloud Service Provider Under IBC: NCLT Bengaluru

NCLT Mumbai Approves SAB Events Revival Plan, Grants First-Motion Relief For Merger With Sri Adhikari Brothers

Liquidator Cannot Take Possession Of Asset Where Ownership Is Seriously Disputed: NCLT Mumbai

NCLT Mumbai Rejects 100 Jet Lite Employees' Bid To Claim Dues In Jet Airways Liquidation

IPR

Delhi HC Directs Reddit To Disclose Details Of Anonymous User Behind Samsung Galaxy S26 'Blast In The Box' Post

Bombay High Court Declines Urgent Relief In Phantom Studios' Suit Against JioStar Over 'Queen' Remake

TAX

CESTAT Hyderabad Sets Aside ₹26.60 Lakh Customs Duty Demand, Rules Imported Quicklime Is Not Chemical Product

ITAT Chennai Upholds Deletion Of Unexplained Money Addition Against Forex Commission Agent

ARBITRATION

Arbitration Act Interim Relief Cannot Be Used To Stay Debarment Based On Administrative Power: Delhi High Court

Corporate Guarantee Cannot Replace Unconditional Bank Guarantee Agreed Between Parties: Bombay High Court

Merely Obtaining Municipal Approvals Does Not Establish Developer's Readiness To Perform Contract: Bombay HC

COMMERCIAL LAW

Intended Business Use Of Office Premises Does Not Make Dispute Commercial: Bombay High Court

Commercial Courts Cannot Hear Eviction Suits Under Jharkhand Rent Act: Jharkhand High Court

DEBT RECOVERY LAWS

MSME Borrower Must Establish Status Before NPA To Avail RBI's Revival Framework: Kerala High Court

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