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

SUPREME COURTSupreme Court Dismisses Revenue SLP Against Bombay HC Ruling On Tax Assessments Of Merged Reliance EntitiesCase Title : DEPUTY COMMISSIONER OF INCOME TAX 3 VS M/S RELIANCE INDUSTRIES LTD Case Number : Special Leave to Appeal (C) No(s). 7819/2026 CITATION : 2026 LLBiz SC 92The Supreme Court recently declined to entertain the Income Tax Department's Special Leave Petition against a Bombay High Court judgment that had quashed assessment orders passed in the names of Reliance...

LiveLawBiz Arbitration Weekly Digest: February 23 - February 28, 2026

Nominal Index BWL Limited (formerly Bhilai Wires Ltd.) v. Bharat Sanchar Nigam Limited, 2026 LLBiz SC 81Vedanta Limited (Cairn Oil and Gas Division) v. Gujarat State Petroleum Corporation Ltd., 2026 LLBiz SC 89Union of India & Ors. v. Larsen & Toubro Limited, 2026 LLBiz SC 97M/s Telexcell Information Systems Limited v. Tata Advanced Systems Limited, 2026 LLBiz HC (Del) 177Divya Ashish Jamwal v. India Yamaha Motor Pvt Ltd., 2026 LLBiz HC (Del) 189Geniemode Global Pvt. Ltd. v....

LiveLawBiz IPR Weekly Digest: February 22 - February 28, 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...

LiveLawBiz: Corporate Legal News Daily Round-Up: February 28, 2026

IBC NCLAT Upholds Insolvency Against Frost International, Says Bank Can't Be Faulted Over Unfiled PlanPre-Existing Dispute In Ledgers: NCLAT Dismisses Drive India's Insolvency Appeal Against EsslineNCLT Mumbai Admits CIRP Plea Against Baggit India Pvt Ltd Over ₹1.11 Crore Operational DebtIPR Bombay High Court Confirms Ad-Interim Relief For Jawed Habib In Trademark Dispute With Ex-FranchiseeDelhi High Court Orders Removal Of 'Accko' Trademark, Finds It Deceptively Similar to 'ACKO' BrandDelhi...

LiveLawBiz IBC Weekly Digest: February 22 To February 28

SUPREME COURTByju's CoC Moves Supreme Court After NCLAT Refuses Impleadment In GLAS Trust Removal PleaToday, the Committee of Creditors (CoC) of Byju's parent company Think & Learn Pvt Ltd, moved the Supreme Court challenging an order passed by the Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) on 24 February 2026. On 24 February, the NCLAT had held that although the CoC may litigate in its own name under the IBC, it was not a necessary party to the plea seeking...

LiveLawBiz IPR Weekly Digest: February 22 - February 28, 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...

LiveLawBiz: Corporate Legal News Daily Round-Up: February 27, 2026

IBC Byju's Insolvency: Supreme Court Continues NCLAT's No Final Order Direction In Plea To Remove GLAS Trust From CoCCourts Must Remain Vigilant Against Expanding 'Narrow Boundaries' Of IBC Review: Supreme CourtNCLAT Replaces NCLT's Two-Week Deadline With 90 Days For Nobal Buildtech To Pay ₹90 Crore SettlementUnconverted OCDs Remain Financial Debt, NCLAT Upholds Insolvency Proceedings Against Arcturus DevelopersInsolvency Action Against Guarantor Inequitable When Arbitration Against Borrower Is...

LiveLawBiz: Corporate Legal News Daily Round-Up: February 26, 2026

IBC Byju's CoC Moves Supreme Court After NCLAT Refuses Impleadment In GLAS Trust Removal PleaSupreme Court Refuses To Frame Guidelines On Parallel Insolvency Against Borrower and GuarantorNCLAT Refuses To Condone Delay In Appeal; Limitation Starts From Pronouncement, Not UploadingIPRKerala High Court Restrains Former G-TEC Franchisee From Using GIO TECH MarkPurva Dhanashree Moves Delhi High Court Amid Trademark Dispute Over 'Vilasini Natyam'Jammu Court Grants Interim Relief To JioStar India,...

LiveLawBiz: Corporate Legal News Daily Round-Up: February 25, 2026

IBC TDS On Interest Alone Not Enough To Cross Insolvency Threshold: NCLT ChandigarhCorporate Debtor Liable For Electricity Dues Despite Lessee's Consumption; Privity of Contract Prevails: NCLT ChennaiDirect Disbursement To Corporate Debtor Not Mandatory To Qualify As Financial Debt Under IBC: NCLATMSME Protections Must Be Invoked By Corporate Debtor, Not Personal Guarantors: NCLT KochiNCLAT Directs YG Estates To Hand Over Supertech Ecociti, 34 Pavilion Maintenance To RWAs In 30 DaysIPROne-Month...

LiveLawBiz: Corporate Legal News Daily Round-Up: February 24, 2026

IBCDefunct Scheme Of Arrangement Under Companies Act Cannot Stall IBC Proceedings: Supreme CourtNCLT, NCLAT Cannot Nullify Benami Act Confiscation In IBC Proceedings: Supreme CourtCommittee Of Creditors Not Barred From Litigating In Own Name Under IBC: NCLAT In Byju's Parent Insolvency CaseEven Without Plea, NCLT Kochi Examines Covid-19 Suspension Bar, Rejects CIRP PleasRainbow Papers Ruling Not Ground To Reopen Approved Resolution Plan Over Belated Tax Dues: NCLATCorporate Debtor Cannot Avoid...

LiveLawBiz: Business Law Daily Round-Up: February 23, 2026

IBC Supreme Court Dismisses Appeal Against NCLAT Order Rejecting Insolvency Plea Against VoltasIBBI Suspends Insolvency Professional's AFA For Six Months Over CIRP Without Valid AuthorisationNCLT Mumbai Allows Saraswat Bank To Make Clarificatory Amendments To Section 7 PetitionMere MOU For Flat Allotment Not Financial Debt Without Disbursal To Corporate Debtor: NCLT MumbaiMere Non-Payment Of Ordered Amount Not Civil Contempt, Execution Is Proper Remedy: NCLT KochiIPRDelhi High Court Grants...

LiveLawBiz Indirect Tax Weekly Round-Up: February 16 - February 22, 2026

SUPREME COURTSupreme Court Issues Notice In Challenge To CESTAT Ruling That Customs Cannot Alter FOB Value Of GoodsCase Title : Commissioner of Customs (Appeals) vs Jayanthah Trading Company Case Number : CIVIL APPEAL Diary No(s). 2168/2026The Supreme Court recently issued notice on an appeal filed by the Commissioner of Customs (Appeals) against a ruling of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, which held that Customs officers cannot alter the Free on...