Byju's Insolvency: Supreme Court Continues NCLAT's No Final Order Direction In Plea To Remove GLAS Trust From CoC

The top court was hearing an appeal filed by the Committee of Creditors challenging the NCLAT's decision upholding the rejection of its plea to implead itself in proceedings seeking removal of GLAS Trust from the CoC of Think & Learn Pvt. Ltd.

Madras High Court Approves Settlement Favouring SNS Movies In 'Think Studio' Trademark Dispute

The Madras High Court on 23 February decreed a trademark infringement suit in favour of SNS Movies Productions LLP, owner of Think Studios, after Manjunath, the proprietor of a rival firm, named Think Studio, undertook to permanently cease using the contested mark. Justice Senthilkumar Ramamoorthy recorded a settlement in which the defendant agreed to withdraw its pending trademark application and remove the infringing name from all digital and physical platforms by 10 April 2026. He noted: ...

Supreme Court Stays Madras HC Order Reviving Sreedevi Video-Saregama Dispute Over Tamil Telugu Film Music

The 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 Shankara Bharanam. The High Court had held that although Sreedevi's plea seeking declaration of copyright was barred by limitation, its claim for permanent injunction could still be examined independently and remanded the...

Courts Must Remain Vigilant Against Expanding 'Narrow Boundaries' Of IBC Review: Supreme Court

The Supreme Court on Friday upheld the approval of Sarda Energy and Minerals Ltd.'s (SEML) resolution plan for SKS Power Generation (Chhattisgarh) Ltd., cautioning courts against expanding judicial review under the Insolvency and Bankruptcy Code, 2016. Affirming the National Company Law Appellate Tribunal's order, which had upheld the National Company Law Tribunal's approval of the plan, a Bench of Justices BV Nagarathna and R Mahadevan stressed that the IBC prioritises speed and...

S.108 Customs Act | Statements Recorded By Customs Officers Sufficient To Proceed To Trial: Kerala High Court

The Kerala High Court has refused to discharge one of the accused in a CBI corruption case, holding that in the present case, statements recorded by Customs officers under Section 108 of the Customs Act, along with other materials constitute sufficient prima facie grounds to proceed to trial. “Thus, in the instant case, prima facie, there are materials to proceed with trial of the revision petitioner/accused No.3. No doubt, the evidentiary value of approvers and how far the same to be believed...

CRB Mutual Fund Case: Supreme Court Rejects Former Director's Plea Against Forensic Audit Order

The Supreme Court recently refused to interfere with a Delhi High Court order directing a forensic audit and SEBI supervision of the winding up of the CRB Mutual Fund, dismissing a special leave petition filed by C.R. Bhansali, a former director of CRB Capital Markets Ltd., in the long-running proceedings arising from securities and mutual fund irregularities of the 1990s. A bench of Justices J.B. Pardiwala and K.V. Viswanathan said: “Having heard the learned counsel appearing for the parties...

Delhi High Court Appoints Arbitrator In ₹91 Lakh Benetton–Gini and Jony Payment Dispute

The Delhi High Court has appointed a sole arbitrator to adjudicate a Rs. 91,21,454 dispute between global fashion brand Benetton India Pvt Ltd and children's apparel company Gini and Jony Ltd arising out of unpaid dues under a 2014 Distribution Agreement. The Court held that whether subsequent settlement agreements superseded the original contract and extinguished the arbitration clause must be decided by the arbitral tribunal and not at the stage of appointment. Justice Jasmeet Singh ruled...

Supreme Court Refuses To Frame Guidelines On Parallel Insolvency Against Borrower and Guarantor

The Supreme Court on Thursday observed that while simultaneous Corporate Insolvency Resolution Processes (CIRPs) against principal borrowers and corporate guarantors are legally permissible, it will not frame additional judicial guidelines regulating such proceedings, leaving any reform to Parliament and the Insolvency and Bankruptcy Board of India (IBBI). “We, however, decline to lay down guidelines as proposed; and for good reason. IBC is a product of a well-thought, deliberated, and...

Gujarat High Court Quashes Reassessment On Income From Property Sale After Fraudulent Deeds Cancelled

The Gujarat High Court has recently quashed reassessment proceedings initiated under Section 148A of the Income Tax Act agaisnt an individual taxpayer after noting that the Assessing Officer failed to consider that two sale deeds had been cancelled on account of fraud and that the sale consideration had been reversed. Section 148A governs the procedure to be followed before reopening an assessment. A bench of Justice A.S. Supehia and Justice Pranav Trivedi recorded that the sale deeds dated...

Kerala High Court Restrains Former G-TEC Franchisee From Using GIO TECH Mark

Holding that “G-TEC” and “GIO TECH” are phonetically similar and confusion is likely to be caused, the Kerala High Court has restrained a former franchisee from using the marks “GIO TECH” and “GIO TECH COMPUTER ACADEMY,” setting aside a trial court order that had refused interim relief. Justice S. Manu, in a judgment delivered on February 18, 2026, held that the analysis made by the court below was “by dissecting the trademarks” and that such an exercise “is not in consonance with the settled...

Purva Dhanashree Moves Delhi High Court Amid Trademark Dispute Over 'Vilasini Natyam'

Renowned classical dancer Purva Dhanashree has approached the Delhi High Court seeking permission to continue using the name 'Vilasini Natyam' for her public performances, challenging the exclusive trademark claimed by her guru, Swapnasundari, a Padma Shri awardee, over the traditional dance form. On Thursday 26 February, Justice Tushar Rao Gedela urged the “guru-shishya” duo to resolve the matter through dialogue, noting that while the trademark is registered, the guru's own research indicates...

Income Tax Act | Ten-Year Block Under Section 153A Includes Search Year: Gujarat High Court

The Gujarat High Court on 23 February held that tax authorities must include the search year when computing the ten-year block for reopening assessments under Section 153A of the Income Tax Act, 1961. A Bench comprising Justice A.S. Supehia and Justice Pranav Trivedi quashed a notice issued in 2025 for Assessment Year 2014-2015, as it fell outside the ten-year period, with the tenth year being Assessment Year 2015-16. The Court observed that to reopen proceedings under Section 153A, “the date...