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

SECURITIES LAW

SEBI Moves SC Against SAT Relief To Sahara Managers In ₹14,106 Crore OFCD Case

SAT Quashes 2010 SEBI Penalty Order Citing 13-Year Delay In Serving Adjudication Order

IBC

NCLT Ahmedabad Rejects CIRP Plea Against Sisa Mosaic, Says Petition May Be Collusive And MOU Appears Fictitious

NCLT Delhi Approves ₹135.39 Crore Resolution Plan For Mastana Foods

NCLT Allahabad Orders Liquidation Of Usha India Ltd, Rejects ₹22.49 Crore Resolution Plan

Creditors Cannot Bypass COVID-Era Insolvency Bar Through Arbitral Award Or Fresh Demand: NCLT Mumbai

ARC Must Establish Guarantee Was Assigned Before Proceeding Against Personal Guarantor: NCLT Mumbai

NCLT Allahabad Rejects Insolvency Plea Against Noida Metro Rail Over Pre-Existing Dispute

TAX

ITAT Delhi Deletes ₹5.60 Crore Demonetisation Addition, Says Recorded Business Receipts Not Unexplained

Following Earlier Rulings, ITAT Mumbai Allows DSIR-Unapproved R&D Expenditure As Business Deduction

SBI Not In Default For Not Deducting Tax On Leave Travel Claims Under HC Directions: ITAT Ahmedabad

CCDs Cannot Be Treated As Equity For Disallowing Interest: ITAT Mumbai Deletes ₹76.45 Crore TP Addition

Non-Production Of Bills, Vouchers Not A Valid Reason To Deny Additional Depreciation On Tanks: ITAT Ahmedabad

Taxpayer Can't Be Absolved Of Earlier Lapses Because Final Notice Went To Different Email: ITAT Ahmedabad

COMPANY LAW

NCLT Indore Clears First-Motion Application For Demerger Of Indo Thai Securities' Broking Undertaking

NCLT Delhi Clears First-Motion Application To Demerge Sammaan Finserve's NBFC Business Into Sammaan Capital

ARBITRATION

Presiding Arbitrator Has No Noteworthy Superior Role Over Other Arbitrators Except On Procedure: Kerala HC

Calcutta HC Keeps Arbitration Agreement Issue Open in Kobelco-Lara Mining Dispute, Declines Interim Relief

Calcutta High Court Appoints Arbitrator in MHPL Infra-RITES Dispute Over Buxar Thermal Power Project Contract

Withdrawn Civil Suit Does Not Bar Invocation Of Arbitration Clause: Delhi High Court

COMMERCIAL LAW

Commercial Courts Act's 120-Day Written Statement Limit Inapplicable To Admiralty Suits: Kerala High Court

Oral Statements Cannot Alter Written Lease Terms, Karnataka HC Sets Aside Commercial Court Decree

RERA

Odisha REAT Upholds RERA Order On Shifted Sewage Plant, Finds Ambience Concerns 'Forceful And Logical'

DEBT RECOVERY LAWS

DRT Chandigarh Sets Aside Indian Bank Auction, Awards Rs 30 Lakh Compensation To Auction Purchasers

Notice Returned As 'Unclaimed' At Correct Address Suffices For Deemed Service: Kerala High Court