LiveLawBiz: Corporate Legal News Daily Round-Up: June 19, 2026

IBC

NCLT Ahmedabad Admits CIRP Against JSW Subsidiary, Holds Guarantor Liability Co-extensive With Borrower

Directions To NCLT For Urgent Listing Of Plea Cannot Be Issued In Writ Jurisdiction: Delhi High Court

Bare Production Of Guarantee Deed Without Commercial Nexus Cannot Establish Debt: NCLT Mumbai

NCLT Mumbai Admits Paytm Parent's Insolvency Plea Against Gaming Company Fabzen Over ₹3.41 Crore Dues

Settlement In Corporate Debtor's Liquidation Does Not Extinguish Personal Guarantee Obligations: NCLT Chennai

IPR

Supreme Court Stays Delhi High Court Order Restraining Use Of 'Medilice' Mark For Anti-Lice Hair Oil

TAX

Service Tax Cannot Be Levied By Treating Maintenance Of Minimum Balance As Consideration For Banking Services: Karnataka HC

CENVAT Credit On Tippers Can't Be Denied Due To Purchase Before Inclusion As Capital Goods: CESTAT Kolkata

DGFT Public Notice Cannot Impose Actual User Condition On Transferable DFIA Imports: CESTAT Kolkata

Gujarat High Court Quashes Reassessment After Escaped Income Falls Below ₹50 Lakh

Survey-Based Reassessment Not Excluded From Settlement Under Vivad Se Vishwas Scheme: Gujarat High Court

High-Value Bank Transactions Alone Cannot Justify Reassessment: Gujarat High Court

ITAT Delhi Upholds ₹18 Lakh Tax Deduction Claim On Ernst & Young's CSR Donations

COMPANY LAW

Financial Statements Can Be Revised If They Fail To Present True And Fair View: NCLT Chennai

NCLT Chennai Orders Shareholder, Creditor Meetings For Renault Group Restructuring Scheme

NCLT Chennai Dispenses With Shareholder Meetings In Ford Motor-Ford India Merger

NCLT Chennai Sanctions Merger Of Encore IT Services Solution With Sonata Software

NCLT Guwahati Restores Company Struck Off 15 Years Ago, Cites Asset Ownership Despite Defaults

NCLT Mumbai Says Bank Did Not Relinquish Security Interest By Participating In First Creditors' Meeting

ARBITRATION

Excluded Period Need Not Overlap With Limitation Period To Be Excluded In Arbitral Award Execution: Bombay HC

Gauhati High Court Refuses To Appoint Arbitrator In Techno Steel-IWAI Dispute, Holds Noida Was Arbitral Seat

Pecuniary Jurisdiction Alone Cannot Confer S.34 Jurisdiction In Arbitration Petitions: Calcutta High Court

Arbitral Award Based On Undisclosed Material Violates Principles Of Natural Justice: Bombay High Court

Notice Issued In Name Of Non-Existing Entity Vitiates Entire Arbitral Process: Telangana High Court

Association's Unilateral Arbitrator Appointment Under Bye-Laws Violates Public Policy: Bombay High Court

Dissenting Flat Owners Cannot Stall Redevelopment Project By Withholding Consent: Bombay High Court

SECURITIES LAW

SEBI Proposes Major Overhaul Of MTF Framework, Raises Broker Net-Worth Requirement To ₹5 Crore

RERA

Settlement Talks, Vague Legal Advice Can't Justify 299-Day Delay In Filing Appeal: Maharashtra REAT

BANKING/NBFC

Officers Skipping Mandatory Learning Expose Bank To Risks: Calcutta HC Upholds SBI Reimbursement Policy.

DEBT RECOVERY LAWS

Lending Public Money Without Efforts To Recover It Is 'Not Acceptable'; SC Issues Notice On Plea Seeking Probe Into JKM Infra

PMLA

PMLA Court Directs ED To Release Ajmera Group Assets To Authority Under Karnataka Depositor Protection Law