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LiveLawBiz Indirect Tax Weekly Round-Up: July 06 - July 12, 2026
HIGH COURTSAndhra Pradesh HCAP High Court Sets Aside VAT Orders On ISRO's Satish Dhawan Space Centre, Flags National InterestCase Title : Satish Dhawan Space Centre Shar v. The State of AP Case Number : WRIT PETITION NO: 6971/2026 CITATION : 2026 LLBiz HC(APH) 44The Andhra Pradesh High Court on 22 June set aside VAT assessment orders passed against Satish Dhawan Space Centre SHAR, a unit of the Indian Space Research Organisation, holding that an improper tax burden on an institution engaged...
Pre-2016 DRT Recovery Certificate Cannot Trigger Insolvency Under Presidency Towns Insolvency Act: Supreme Court
The Supreme Court on Monday held that a recovery certificate issued by a Debt Recovery Tribunal (DRT) before the 2016 amendment to the Recovery of Debts and Bankruptcy Act cannot be treated as a decree or order for initiating insolvency proceedings under the Bombay's Presidency Towns Insolvency Act, 1909. Dismissing HDFC Bank's appeal, the court observed that Parliament recognised such equivalence only through the 2016 amendment. A bench of Justices Dipankar Datta and Satish Chandra Sharma...
LiveLawBiz Direct Tax Weekly Round-Up: July 06 - July 12, 2026
HIGH COURTSGujarat HCGujarat HC Holds Reassessment Notice Cannot Be Challenged After Assessment Order, Directs Appeal RemedyCase Title : Jitendra Shankarlal Mistri v. Income Tax Officer, Ward-1 & Anr. Case Number : R/Special Civil Application No. 7485 of 2026 (with connected matters) CITATION : 2026 LLBiz HC(GUJ)87The Gujarat High Court on 29 June held that a reassessment notice cannot be challenged through a writ petition after reassessment proceedings have culminated in an assessment...
LiveLawBiz RERA Cases Weekly Digest: July 6 - July 11, 2026
NOMINAL INDEXIbrahim Babubhai Chokiya & Ors. v. M/s Westinrely Developers Pvt. Ltd. & Ors., 2026 LLBiz HC(BOM) 377M.P. Real Estate Regulatory Authority v. Shankar Ji Maharaj Trust, 2026 LLBiz HC(MP) 51St. Patricks Realty Private Limited v. Neha Prasad & Ors. and Connected Appeals, 2026 LLBiz REAT(HR) 42Gurcharan Kaur & Another v. Dheeraj Sharma, 2026 LLBiz RERA(PB) 115Anish Charudatta Galgate & Anr. v. Rejoice Homes LLP & Ors., 2026 LLBiz RERA(MH) 116High CourtsBombay...
Supreme Court Appoints Justice L. Nageswara Rao To Mediate Kalyani Family Dispute
The Supreme Court on Monday appointed former Supreme Court judge Justice L. Nageswara Rao to explore the possibility of an amicable settlement in the long-running property dispute between industrialist Babasaheb Neelkanth Kalyani and his sister Sugandha Hiremath. It also directed that proceedings on Babasaheb Kalyani's application seeking rejection of the suit before the Bombay High Court shall remain deferred until the mediation process concludes. The order comes over two months after the...
Bombay High Court Sets Aside Order Rejecting Naresh Goyal's Objections In Income Tax Reassessment
The Bombay High Court has recently set aside an order rejecting former Jet Airways chairman Naresh Goyal's objections to the reopening of his income tax assessment for the Assessment Year 2014-15. It directed the Assessing Officer to reconsider the objections after taking into account Goyal's March 8, 2022 letter and the annexures explaining the source of funds used to acquire Jet Airways (India) Ltd. shares. A division bench of Justice B.P. Colabawalla and Justice Firdosh P. Pooniwalla held...
Supreme Court Seeks Reply On SEBI's Appeal Against SAT Ruling In Bombay Dyeing-SCAL Services Case
The Supreme Court on Monday observed that the Securities Appellate Tribunal's 2:1 verdict setting aside SEBI's orders against Bombay Dyeing and SCAL Services shall not operate as a precedent in similar matters before the Tribunal, while hearing an appeal filed by the Securities and Exchange Board of India (SEBI).The majority judgment had, among other things, held that the Companies Act would prevail over the Accounting Standards in determining whether SCAL was an associate company, and...
LiveLawBiz Arbitration Cases Weekly Digest: July 6 - July 11, 2026
NOMINAL INDEXNCC Limited v. Airport Authority of India, 2026 LLBiz HC(DEL) 695Union of India v. M/s ISC-YUG (JV) & Anr. (Connected Matters), 2026 LLBiz HC(DEL) 686 Vinay Mawandia v. Bimal Mawandia & Anr., 2026 LLBiz HC(DEL) 684 Shriram Pistons & Rings Ltd. v. Usha International Ltd., 2026 LLBiz HC(DEL) 680 JPC Infrastructure and Constructions Private Limited v. Alstom Transport India Limited, 2026 LLBiz HC(DEL) 679 D.V. Anand v. Hindustan Petroleum Corporation Ltd., 2026 LLBiz...
Supreme Court Upholds RBI Scheme For Merger Of PMC Bank With Unity Small Finance Bank
The Supreme Court on Monday refused to interfere with the Bombay High Court's March 9, 2026, judgment upholding the Reserve Bank of India's scheme to merge the crisis-hit Punjab and Maharashtra Co-operative Bank with Unity Small Finance Bank.It, however, kept open the question of whether, while framing amalgamation schemes for distressed banks under Section 45 of the Banking Regulation Act, the Reserve Bank of India must assess the "interest of depositors" based on the number of depositors or...
'Mandate First, Gains Later; SEBI Compliance, Never Falter': Supreme Court To AMCs And Mutual Fund Houses
The court coined the phrase while dismissing challenges to SEBI's findings against Kotak AMC, its trustee company and senior executives over investments by six fixed maturity plans in Essel Group-linked debt securities
LiveLawBiz IBC Weekly Digest: July 6 - July 11, 2026
HIGH COURT Suit Filed During IBC Interim Moratorium Attracts Rejection Of Plaint Provision Under CPC: Calcutta High Court Case Title : Ambootia Tea Exports Private Limited & Ors. Vs. Sri Rani Sati Abasan Private Limited Case Number : AD COM 3 of 2026 CITATION : 2026 LLBiz HC (CAL) 167The Calcutta High Court has held that a court cannot entertain a suit instituted during the operation of an interim moratorium under the Insolvency and Bankruptcy Code where the statutory bar applies. It...