LiveLawBiz IBC Weekly Digest: March 2 To March 7

HIGH COURT Single Judicial Member Of NCLT Can Pass Orders If Authorised By President: Kerala High CourtCase Title : K.N. Narayanan v. The Registrar of Kochi Bench and Anr. Case Number : WP(C) NO. 5934 OF 2026 CITATION : 2026 LLBiz HC (KER) 45The Kerala High Court on 18 February, held that a Single Member of the National Company Law Tribunal (NCLT) can pass orders if the President of the Tribunal specifically authorises them under the proviso to Section 419(3) of...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 06, 2026

TAX Non-Resident Individual Eligible For Dispute Resolution Panel Route In Tax Reassessment: Madras High Court ClarifiesCentral Bank Digital Currencies Not 'Relevant Crypto-Assets' For CRS Reporting: CBDTNo Cancellation Of Educational Trust Registration For Generating Surplus: Punjab & Haryana High CourtDenial Of Input Tax Credit Limited To Depreciated Portion: Kerala High CourtPenalty Invalid Where AO Issues Stereotypical Notice Without Specifying Charge: ITAT DelhiValue Of Materials...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 05, 2026

TAX Customs Can Levy Duty On Modular Kitchens, Not Re-Determine Value Arbitrarily: CESTAT ChennaiAdditional VAT Surcharge Valid Over Concessional Tax: Punjab & Haryana High CourtElectronic Credit Ledger Cannot Be Blocked Beyond One Year Under CGST Rules: Karnataka High CourtARBITRATION Approval Of Insolvency Resolution Plan Not An Automatic Bar To Arbitration: Karnataka High CourtWorks Contract Payment Dispute Can Proceed In MSME Arbitration: Madras High CourtInterim Protection Lapses As...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 04, 2026

TAX Actor Rajinikanth Gets Relief As CESTAT Chennai Sets Aside ₹56.84 Lakh Service Tax Demand On Hotel LeaseAssessment Order Against Deceased Person Without Hearing Legal Heirs Invalid: Rajasthan High CourtTax Evasion Prosecution Not Liable To Be Terminated If IT Penalty Set Aside On Technical Grounds: Kerala High CourtTaxpayer Cannot Escape Prosecution By Filing Revised Returns Post-Search: Kerala High CourtNotice Issued By Officer Without Jurisdiction Cannot Sustain Assessment: ITAT Quashes...

LiveLawBiz Company Law Monthly Digest: February-2026

SUPREME COURTByju's Parent Moves Supreme Court To Stall Second Tranche Of Aakash ₹240 Crore Rights IssueCase Title: Think and Learn Private Limited (In CIRP), through its Resolution Professional, Shailendra Ajmera, versus Aakash Educational Services Limited and othersCase Number: C.A. NO. 1604-1605/2026Think & Learn Pvt. Ltd., which owns edtech major Byju's, has moved the Supreme Court against a National Company Law Appellate Tribunal (NCLAT) order that allowed Aakash Educational...

LiveLawBiz IPR Monthly Digest: February, 2026

SUPREME COURTSupreme Court Stays Madras HC Order Reviving Sreedevi Video-Saregama Dispute Over Tamil Telugu Film MusicCase Title: Saregama India Ltd. v. Sreedevi Video Corporation & Ors.Case Number: SLP (C). 6950/2026The Supreme Court on Thursday stayed a Madras High Court order that had revived an injunction claim in a copyright dispute between SaReGaMa India Ltd and Sreedevi Video Corporation over the audio rights of iconic Tamil and Telegu films such as Sagara Sangamam, Salangai Oli and...

Indirect Tax Monthly Digest: February 2026

SUPREME COURTSupreme Court Refuses To Entertain Ola Parent ANI's Plea Against Delayed Service Tax OrderCase Title : ANI TECHNOLOGIES PRIVATE LIMITED VS THE UNION OF INDIA & ANR. Case Number : SLP(C) NO. 3185/2026 CITATION : 2026 LLBiz SC 33The Supreme Court of India has declined to interfere with a Bombay High Court order directing ANI Technologies Private Limited, the parent company of Ola Cabs, to pursue a statutory appeal against a service tax demand. A Bench of the Chief Justice of...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 03, 2026

IBC Financial Hardship No Ground To Reject Insolvency Plea Once Default Is Established: NCLT JaipurBalance Sheet Acknowledgment Of Debt Extends Limitation; NCLAT Upholds IDBI's Insolvency Plea Against HILNCLT Ahmedabad Denies Secured Creditor Priority To State Tax Dept. In Diamond Power LiquidationJudicial Custody Of MD No Ground To Claim Natural Justice Violation If Counsel Appeared: NCLATIPR Delhi High Court Grants Temporary Relief To Mankind: Restrains Copy Of MANFORCE Condom Artwork And...

LiveLawBiz IBC Monthly Digest: February 2026

SUPREME COURTSingle Insolvency Petition Against Intrinsically Linked Real Estate Companies Maintainable: Supreme CourtCase Title : Satinder Singh Bhasin v. Col Gautam Mullick and Ors Case Number : Civil Appeal No.13628 of 2025 CITATION : 2026 LLBiz SC 37The Supreme Court on Monday upheld insolvency proceedings against two closely linked real estate companies, holding that a single insolvency petition can be maintained against multiple corporate entities under the...

LiveLawBiz Direct Tax Monthly Digest: February 2026

SUPREME COURTSupreme Court Dismisses Revenue Plea Against Gujarat HC Order Quashing Adani Wilmar Income Tax ReassessmentCase Title : THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1(1)(1) Vs ADANI WILMAR LIMITED Case Number : SLP(C) 4944/2026 CITATION : 2026 LLBiz SC 35The Supreme Court on Monday refused to interfere with a Gujarat High Court judgment that had quashed the reopening of Adani Wilmar Limited's income tax assessment for the 2013–14 assessment year, dismissing a special leave...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 02, 2026

IBC Winding Up Petitions Transferred From High Court To NCLT Cannot Be Admitted Mechanically: NCLATNCLAT Holds Section 198 Cannot Be Used To Extend IBC Appeal Deadline, Rejects IBBI's 103-Day DelayIBBI Suspends Byju's Former Resolution Professional Pankaj Srivastava For Three YearsIBC Proceedings Cannot Become Evidentiary Trial: NCLT Kochi Refuses To Summon Corporate Debtor's LessorIPR Delhi High Court Grants Interim Injunction To GSK Against Zee Laboratories In 'PHEXIN'-'FEXIT' Trademark...

Indirect Tax Weekly Round-Up: February 23 - March 01, 2026

SUPREME COURTCBIC's 2024 Policy Barring Govt Appeals Below ₹2 Crore Covers Pending Cases, Not Merely Future Filings: Supreme CourtCase Title : COMMISSIONER OF COMMERCIAL TAX . & ORS. VS VIKARAM CEMENT Case Number : Civil Appeal No(s). 710/2012 CITATION : 2026 LLBiz SC 82Holding that the Centre's 2024 litigation policy applies even to pending appeals, the Supreme Court on February 5, 2026 dismissed appeals filed by the Commissioner of Commercial Tax against Vikaram Cement, ruling that the...