LiveLawBiz: Corporate Legal News Daily Round-Up: June 16, 2026

IBC

Voizzit Moves SC Against HC Order Striking US Bankruptcy Trustee From Suit Claiming Interest In Byju'S US Assets

NCLT Chandigarh Admits Kokila Mining Section 9 Petition, Rejects Set-Off Defence By Tycoons Industries

Corporate Debtor Cannot Be Sold As Going Concern After Omission Of Enabling Liquidation Provisions: NCLT Kolkata

IPR

Delhi High Court Restrains Okaya Dealers From Circulating Defamatory Ads Against Microtek Trademarks

Delhi High Court Protects DIZEST Trademark, Bars Use Of “CelsiusDizest” By Celsius Healthcare

Delhi Court Restrains Use Of 'Ayurland' Trademark, Awards ₹2 Lakh Damages To 'Ayur' Products Maker.

Madras High Court Temporarily Restrains CADD Centre Software Systems From Using 'CADD Centre' Name and Logo

TAX

Excess Royalty Refunded To Indian Subsidiary Under APA Cannot Be Taxed As Income Of GIA US: Bombay High Court

Gujarat HC Quashes Reassessment, Holds No Escaped Income Exists Where MAT Liability Is Unchanged

ITAT Mumbai Quashes Reassessment In Nanne Gulzar Case, Holds Section 153C Mandatory In Search Matters

ITAT Mumbai Allows Deduction Of ₹80 Crore Paid By Mumbai Port Authority To SBI Life For Leave Encashment

COMPANY LAW

NCLT Ahmedabad Refuses Release Of BluSmart's ₹9.15 Crore DSRA Funds Amid Probe Into Gensol Group Companies

ARBITRATION

Section 28(3) Requires Tribunals To Respect Contract Terms While Ensuring Business Efficacy: Bombay HC

Stock Exchange Bye-Laws Cannot Compel Arbitration Of Fraud Disputes: Bombay High Court

Partial Settlement On Interest In Arbitration Not Binding On All Claims: Delhi High Court

High Court Cannot Review Section 11 Arbitrator Appointment After Becoming Functus Officio: Madras HC

Courts Cannot Grant Unconditional Stay Of Arbitral Money Awards Without Exceptional Case: MP High Court

SC Issues Notice on Afghanistan Cricket Board's Plea Seeking Arbitrator In Content Monetisation Dispute With Indian Firm

Kerala HC Stays NH 66 Compensation Arbitration, Prima Facie Questions District Collector's Eligibility As Arbitrator

SECURITIES LAW

SEBI Allows AIFs To Retain Proceeds Beyond Fund Life For Litigation, Tax Demands, Other Liabilities

RERA

Developer Cannot Postpone Conveyance Until Completion Of Entire Layout Development: Bombay High Court

MahaRERA Directs Refund, Possession Relief In Avanti Projects LLP Case, Rejects Portal Extension Reliance

COMPETITION LAW

CCI Clears TVS Emerald, TVS Venu's Acquisition Of PGIM India AMC And Trustee Company

BANKING/NBFC

Banks Must Restrict Account Freeze To Amount Specified In Freezing Direction: Karnataka High Court

DEBT RECOVERY LAWS

NTA Committee's Approval Not Needed Before SARFAESI Action Against Property Of Person With Disability: Kerala HC

Calcutta High Court Holds Prepayment And Contractual Charges Form Part Of 'Debt' Under RDB Act

Cheque Bounce Cases Cannot Be Allowed To Degenerate Into 'Interminable Litigation': Kerala High Court

SC Refuses To Interfere With HC Orders Involving Law Firm In Chennai Metro Compensation Contempt Case

“Banks Are Dealing With Public Money”: Karnataka High Court Calls for Strict Adherence To RBI Guidelines

FEMA

India Opens Investment In Listed Equity Instruments To All Overseas Individuals