LiveLawBiz: Corporate Legal News Daily Round-Up: July 13, 2026

IBC

Supreme Court Upholds RBI Scheme For Merger Of PMC Bank With Unity Small Finance Bank

Delayed Homebuyer Claim Cannot Be Rejected When RP Failed To Verify Records: NCLAT New Delhi

Equity Investment Without Repayment Obligation Does Not Qualify As Financial Debt: NCLAT New Delhi

CIRP Not Maintainable Against Company Struck Off From Register: NCLT Mumbai

Pre-2016 DRT Recovery Certificate Cannot Trigger Insolvency Under Presidency Towns Insolvency Act: Supreme Court

TAX

CESTAT Delhi Allows Shriram General Insurance's KKC, SBC Refund Claim On Cancelled Insurance Policies

CBDT Notifies No TDS on Specified Payments to Eligible IFSC Units Under Income-tax Act, 2025

Telangana HC Restores DBS Technology Services' Tax Deduction Claim, Says Technical Lapse Cannot Prevail

Bombay High Court Sets Aside Order Rejecting Naresh Goyal's Objections In Income Tax Reassessment

Ahmedabad CESTAT Grants Service Tax Relief On Government Staff Quarters, Remands APMC Issue

Madras High Court Refuses To Quash Canon India GST Notices, Says Taxpayer Must Reply Before Challenge

Madras High Court Holds Unreasonable Delay Bars Duty Drawback Recovery, Quashes ₹38.77 Lakh Demand

No GST Payable On Machinery Returned For Testing Without Fresh Consideration: Karnataka High Court

Karnataka High Court Remands Quikr's ₹1.77 Crore Stamp Duty Dispute Over NCLT-Approved Amalgamation

Charitable Status Cannot Be Denied Merely Because Activities Benefit Specific Industry: ITAT New Delhi

Bombay High Court Says ITAT Took 'Pedantic Approach', Condones 1,797-Day Delay in Income Tax Appeals

Supreme Court Upholds Karnataka's Retrospective Withdrawal Of Sales Tax Exemption For Imported Sugar

Non-Filing Of Service Tax Returns Alone Doesn't Prove Tax Evasion; CESTAT Chennai Quashes ₹37.54 Lakh Demand

IT Reassessment Notice Received On April 1, 2021, Must Follow New Reassessment Regime: Bombay High Court

SECURITIES LAW

'Mandate First, Gains Later; SEBI Compliance, Never Falter': Supreme Court To AMCs And Mutual Fund Houses

Supreme Court Seeks Reply On SEBI's Appeal Against SAT Ruling In Bombay Dyeing-SCAL Services Case

SEBI Relaxes Investment Restrictions For Spouses' ESOPs Under Amended Employees' Service Regulations

COMPANY LAW

NCLT Mumbai Allows DEXIT Global's ₹203 Crore Preference Share Capital Reduction Under Companies Act

DEBT RECOVERY LAWS

Auction Purchaser Can Seek Refund If Material Title Defects Were Not Disclosed: Andhra Pradesh High Court

ARBITRATION

MSME Award Can Be Challenged Without 75% Pre-Deposit if Nullity Is Prima Facie Shown: Delhi High Court

Individual Arbitrator Cannot Be Appointed For MSME Disputes U/S 18 MSMED Act: Himachal Pradesh HC

Technical Jurisdiction Objections Cannot Defeat Merits Of Commercial Disputes Chhattisgarh High Court

RERA

Bombay High Court Issues Contempt Notices To Mumbai Collector Tahsildar Over MahaRERA Recovery Warrants

OTHERS

Supreme Court Appoints Justice L. Nageswara Rao To Mediate Kalyani Family Dispute

Madras High Court Quashes CBI Case After Bank Accepted IBC Resolution Plan, Issued No Due Certificate