LiveLawBiz: Corporate Legal News Daily Round-Up: June 23, 2026

IBC

Dues Arising From TReDS Transactions Are Operational Debt, Not Financial Debt: NCLT Jaipur

IBC Approval Does Not Auto-Delete ROC Charges, Companies Act Procedure Must Be Followed: NCLT Jaipur

Developer's Insolvency Cannot Block Housing Society's Bid For Conveyance Of Land And Building: Bombay High Court

TAX

Property Investment Can't Be Taxed As Unexplained Income In Later Year If Paid Earlier: ITAT Ahmedabad

Additional Evidence On Foreign Remittances Must Be Examined If It Goes To Root Of Matter: ITAT Ahmedabad

ITAT Ahmedabad Holds Form 26AS Mismatch Alone Insufficient For Addition, Restores ₹42.34 Lakh Issue

Mere Client Code Modification Not Enough To Invoke S.68 On Entire Transaction Value: ITAT Ahmedabad

TPO Cannot Ignore Documentary Proof Of Services And Fix ALP At Nil: ITAT Ahmedabad

COMPANY LAW

Company Court Can Transfer Winding-Up Proceedings To NCLT Without Formal Application: Calcutta High Court

ARBITRATION

MP High Court Appoints Arbitrator, Says Party Cannot Oppose Arbitration After Conceding To It In Similar Disputes

Patna High Court Refers Nalanda Cafeteria Dispute To Arbitration, Holds Conduct Can Establish Agreement

Correction Of Contradictory Operative Direction Does Not Amount To Review Of Award: Patna High Court

Not-Producing Power Of Attorney Is A Curable Defect, Cannot Terminate Arbitration: Gujarat High Court

Works Contract Disputes Must Go To Statutory Tribunal, Not Private Arbitration: Gujarat High Court

SECURITIES LAW

SEBI Proposes Common Advertisement Code For Regulated Entities, Invites Public Comments

SEBI Proposes Single Master Circular For Exchanges, Separate Framework For Clearing Corporations

RERA

RERA Redevelopment Registration Exemption Applies Only If Original Project Didn't Need Registration: Kerala High Court

RERA Cannot Demand 25-Year-Old Cooperative Society Records For Project Registration: Madhya Pradesh High Court

COMPETITION LAW

CCI Approves Honda Motor's Proposed Acquisition Of 21% Stake In Astemo From Hitachi

PMLA

PMLA Appellate Tribunal Upholds ED Retention Of ₹67.5 Lakh Seized In Shine City Money Laundering Probe

Calcutta High Court Grants Bail To Alleged School Recruitment Scam Middleman After 1.5 Years In Custody