Delhi High Court Sets Aside FSSAI Order Directing Red Bull To Drop 'Energy Drink' Label

The Delhi High Court has set aside a Food Safety and Standards Authority of India (FSSAI) order dated June 30, 2026, directing Red Bull India Pvt Ltd not to use the term “Energy Drink” for its productsJustice Amit Mahajan said that Red Bull was not given any opportunity to show cause or explain its position and there was no claim of any extreme emergency warranting such action. The Court therefore held that the order was passed in violation of the principles of natural justice."As noted...

LiveLawBiz: Corporate Legal News Daily Round-Up: September 29, 2026

IBCNCLT Ahmedabad Rejects Button Industries' Insolvency Plea Against Viaz Tyres Over ₹1.16 Crore DuesNCLT Ahmedabad Admits Spright Agro Into CIRP On Agrirevolve's ₹8.66 Crore ClaimLitigant Cannot Suffer For Counsel's Deliberate Non-Appearance: NCLAT Restores Electricity Dues ClaimNCLAT Refuses To Set Aside CIRP Admission On Post-Admission Settlement, Directs IRP To Approach NCLTRP Can Re-Verify Earlier Claims Admitted By Erstwhile RP Where Records Reveal Deficiencies: NCLT MumbaiBank Guarantee...

GST Act | Personal Penalty Can Apply To Non-Taxable Persons For Transactions From January 1, 2021: Delhi High Court

The Delhi High Court has held that the expression “any person” under Section 122(1A) of the Central Goods and Services Tax (CGST) Act, 2017 is not confined to a “taxable person” and can include persons who are not registered or liable to be registered under the GST regime.At the same time, the Court ruled that Section 122(1A), which provides for personal penalties in specified fraudulent GST transactions, operates prospectively and can be invoked only in respect of acts or transactions committed...

Delhi High Court Sets Up Ex-CJI Sanjiv Khanna-Led Panel To Verify 1,650 Greenopolis Homebuyer Claims

The Delhi High Court has set aside a November 27, 2025, order directing restoration of properties attached by the Enforcement Directorate in the Greenopolis housing project case. It has appointed a three-member Monitoring Committee to verify genuine homebuyer claims and streamline the restitution process. Justice Anup Jairam Bhambhani appointed former Chief Justice of the Supreme Court of India Justice Sanjiv Khanna as the committee's chairperson. The committee will also comprise former...

Supreme Court Refuses To Interfere With Enforcement Of €9.71 Million ICC Award In Favour Of Spanish Travel Tech Company

The Supreme Court has refused to interfere with the Delhi High Court's July 1, 2026 judgment, allowing enforcement in India of a €9.71 million International Chamber of Commerce (ICC) arbitral award in favour of Spain based travel technology company Amadeus IT Group S.A. against Ebix Cash Limited.A bench of Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice V. Mohana dismissed Ebix Technologies' Special Leave Petition."Having heard learned senior counsel for the...

Supreme Court Refuses To Interfere With ₹14.49 Cr Arbitral Award To Sourav Ganguly Against Former Talent Manager

The Supreme Court on Monday refused to interfere with a ₹14.49 crore arbitral award in favour of former Indian cricketer Sourav Chandidas Ganguly in his dispute with Percept Talent Management Limited.The award had directed payment of ₹14.49 crores along with 12% annual interest from November 21, 2007 until the award and further 12% interest thereafter besides ₹50 lakh towards costs.A bench comprising Chief Justice Surya Kant, Justices Joymalya Bagchi and V. Mohana after hearing the parties...

Forensic Audit Of Fortis Share Transactions Involving 17 Banks Can't Be A 'Fishing And Roving Inquiry': Supreme Court

The Supreme Court on Tuesday clarified that the forensic audit ordered by the Delhi High Court into the alleged dissipation of Fortis Healthcare Ltd (FHL) shares cannot become a “fishing and roving inquiry” into the affairs of 17 banks and financial institutions. The audit, ordered in the enforcement proceedings arising from Daiichi Sankyo's ₹2,562 crore arbitral award against the Singh brothers, requires the banks to be examined only in relation to their commercial transactions with FHL,...

SEBI Clears Vinod Adani, Others Of MPS, PFUTP Allegations In Four Adani Entities Case

The Securities and Exchange Board of India (SEBI) has cleared Vinod Adani and other parties of allegations that they violated minimum public shareholding (MPS) norms in relation to four Adani Group companies, holding that the allegations were not established.The regulator also found that the allegations of fraudulent and unfair trade practices did not survive.Separately, proceedings against four Adani Group companies and 14 individual directors, including group Chairman Gautam S. Adani, had been...

NCLAT Issues Notice On Subhash Chandra's Appeal Against NCLT Restraint On Asset Alienation In Insolvency Matter

The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notice in an appeal filed by Essel Group Chairman Subhash Chandra. The appeal challenges a September 1 order of the Delhi Bench of the National Company Law Tribunal (NCLT), which restrained him from alienating his assets during insolvency proceedings initiated against him as a personal guarantor.The appeal was heard by a bench comprising Officiating Chairperson Justice Yogesh Khanna and Technical Members Barun Mitra and Ajai...

Supreme Court Refuses To Interfere With HC Order In SEBI Appeal Concerning Atlas Ramachandran's Escrow Funds

The Supreme Court on Tuesday declined to interfere with a Kerala High Court Division Bench judgment concerning funds lying in an escrow account maintained with Axis Bank. The funds were connected with an open offer linked to late filmmaker and jeweller M.M. Ramachandran, popularly known as Atlas Ramachandran.A Bench of Justices Dipankar Datta and Sheel Nagu at the threshold questioned SEBI's locus to challenge an order arising from proceedings initiated by Axis Bank against the Income Tax...

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

IBCCorporate Debtor's Sub-Threshold Default Does Not Bar Personal Guarantor Insolvency: NCLT ChennaiAppellate Challenge Affecting Resolution Plan Can Extend Timeline Under Plan Terms: NCLT KolkataIBC Amendment On Personal Guarantors Applies Retroactively To Pending Proceedings: NCLT New DelhiNCLT Seeks Power Of Attorney, RP Consent Before Orders On Byju's-Aakash Settlement In Rights Issue DisputeIPRDelhi High Court Modifies Google, Meta Takedown Directions In Aniruddha Bapu Personality Rights...

Four Adani Group Companies Settle SEBI Proceedings Over MPS Non-Compliance

Four Adani Group companies have settled SEBI proceedings over alleged non-compliance with Minimum Public Shareholding requirements by paying ₹37.05 lakh each along with their respective directors. The companies are Adani Enterprises Limited, Adani Power Limited, Adani Ports and Special Economic Zone Limited, and Adani Transmission Limited (now known as Adani Energy Solutions Limited).SEBI's Whole Time Member Kamlesh Chandra Varshney passed the order. SEBI received several complaints...