LiveLawBiz IBC Weekly Digest: May 2 - May 9, 2026

SUPREME COURT “This Will Be His Last Assignment”: Supreme Court Raps Xalta Foods RP For Defying Court's Possession Order Case Title : PRERNA SINGH VERSUS COMMITTEE OF CREDITORS & ORS. Case Number : Civil Appeal No. 2569 of 2022The Supreme Court of India on Monday directed the Superintendent of Police, Hapur, to break open locks and hand over complete possession of warehouse premises to landlord Prerna Singh, coming down heavily on Naveen Kumar Jain, the Resolution...

Supreme Court Dismisses Income Tax Appeal Against IDBI Bank Over Delay Of 275 Days

The Supreme Court on Monday dismissed the Income Tax Department's plea against IDBI Bank Ltd over a 275-day delay, refusing to interfere with the Bombay High Court's decision quashing reassessment proceedings for AY 2016-17.The High Court, in its order dated March 24, 2025 held that the reasons recorded by the Assessing Officer were factually incorrect, reflected non-application of mind, and amounted to an impermissible review based on change of opinion.A Bench of Justices Pamidighantam Sri...

Delhi High Court Protects boAt Co-Founder Aman Gupta's Personality Rights From Online Misuse

The Delhi High Court has passed an ex-parte ad-interim injunction restraining multiple entities from unauthorised use of Aman Gupta's name, voice, image, likeness, and persona, including through AI and deepfake technology. “The manner in which the defendants are exploiting his name, voice, persona, slogans, registered trade marks of the plaintiff positively assert the underlying fact of plaintiffs' personality which are exclusive to him and none else. At this stage, these qualities and the...

LiveLawBiz RERA Cases Weekly Digest: May 3 - May 9, 2026

Nominal IndexMalles Constructions Pvt. Ltd. v. Vasa Siva Naga Ganesh Kumar, 2026 LLBiz REAT (TN) 29Narendra Ramchand Ochani & Anr. v. Veena Realcon Private Ltd., 2026 LLBiz REAT (MH) 30N R Bhadrachalam v. Bangalore Development Authority, 2026 LLBiz RERA (KA) 76Prasenjith Kambde & Ors. v. M/s Beccun Infrastructure Limited, 2026 LLBiz RERA (TS) 77Vipin Kumar Singhal & Anr. v. Ahlawat Developers and Promoters Pvt. Ltd., 2026 LLBiz RERA (HP) 78Real Estate Appellate TribunalsMaharashtra...

LiveLawBiz Arbitration Cases Weekly Digest: May 3 - May 9, 2026

Nominal Index Elecon Engineering Company Limited versus Bhartiya Rail Bijlee Company Limited & Anr., 2026 LLBiz SC 181Parveen Kapoor & Ors. and Omaxe Limited, 2026 LLBiz HC (Del) 459Spicejet Limited vs Kal Airways Pvt Ltd & Ors., 2026 LLBiz HC (Del) 458Campos Brothers Farms v. Matru Bhumi Supply Chain Pvt. Ltd. & Ors., 2026 LLBiz HC (Del) 465MBL Infrastructure Ltd v. M/s Pradeep Colonisers and Suppliers Pvt Ltd, 2026 LLBiz HC (Del) 468Matsya Fincap Pvt Ltd versus Govind Lal, 2026...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 09, 2026

IPR Delhi High Court Orders Takedown Of AI Deepfakes Misappropriating Shashi Tharoor's Personality RightsCalcutta High Court Says Vodafone Needs IPRS Licence To Use Songs As Caller TunesCalcutta High Court Sets Aside Rejection of ARS Steels' Plea To Cancel Rival TMT Bar Design RegistrationSECURITIES LAW SAT Upholds BSE Rejection Of Jetking Share Listing Plea Over Crypto InvestmentsSEBI Proposes Scrapping Mandatory Merchant Banker Requirement For Buy-Backs; Seeks Public CommentsSEBI Eases Norm...

Supreme Court Seeks Revenue Explanation On Digitisation Of Missing GST Files In Bengal Cold Rollers Case

The Supreme Court has sought an explanation from the Revenue regarding the digitisation of 14 files seized in a GST investigation that are now stated to be missing in the case of Bengal Cold Rollers Pvt. Ltd.The taxpayer argued that the absence of the original files affected its ability to establish the genuineness of transactions in pending GST adjudication proceedings. A Bench of Justice J.B. Pardiwala and Justice K.V. Viswanathan noted the Revenue's stand that although the original physical...

"Scam Within Scam": Bombay High Court Quashes Primezone Property Auction In Rs 5,600-Crore NSEL Scam

The Bombay High Court on Friday set aside the auction sale of Primezone Developers' Haryana properties linked to the Rs 5,600-crore NSEL fraud, calling the valuation and sale exercise a “scam within the scam” and finding that the process was manipulated to favour a pre-determined buyer. Calling the exercise deeply compromised, the division bench of Justices A.S. Gadkari and Kamal Khata held,“According to us, this is a scam within the scam. The Competent Authority bear primary responsibility,...

Calcutta High Court Says Vodafone Needs IPRS Licence To Use Songs As Caller Tunes

The Calcutta High Court on Friday held that Vodafone Idea Limited cannot commercially exploit the underlying musical and literary works embedded in sound recordings used for caller tunes and ringtones without obtaining permission from the Indian Performing Right Society Limited (IPRS). IPRS is a copyright society that manages copyright licences for musical and literary works on behalf of rights holders. The court said Vodafone's arrangements with sound recording companies such as Saregama...

Supreme Court Issues Notice On Prayag Group Promoters' Bail Plea In ₹2,862 Crore PMLA Case

The Supreme Court on Friday issued notice on a plea by Prayag Group promoters Basudeb Bagchi and Avik Bagchi challenging a Calcutta High Court order refusing them regular bail in a PMLA case. The Enforcement Directorate alleges the promoters defrauded investors of around Rs. 2,862 crores. A Bench of Justices Vikram Nath and Sandeep Mehta noted the ED's appearance on advance notice and dispensed with formal service of notice on the agency. The matter has been listed for hearing on July 14, 2026....

Delhi High Court Orders Takedown Of AI Deepfakes Misappropriating Shashi Tharoor's Personality Rights

The Delhi High Court on Friday granted an interim injunction to Congress MP and former diplomat Shashi Tharoor, restraining unknown parties from using artificial intelligence and related technologies to create and circulate deepfake videos falsely attributing politically sensitive statements to him. Justice Mini Pushkarna on May 8 directed X (formerly Twitter) to forthwith take down and block access to the infringing content identified in the suit while directing Meta to ensure that the...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 08, 2026

COMPETITION LAW CCI Orders Probe Into Pernod Ricard, Others Over Alleged Anti-Competitive Conduct In Delhi Liquor MarketIPR Delhi HC Questions Trimurti Films Over Not Pursuing 2016 'Oye Oye' Copyright Row During Plea Against Dhurandhar 2Delhi High Court To Pass Interim Orders In Universal Studios' Suit Against PlayIMDb's Piracy MechanismBombay High Court Grants Interim Relief Protecting Ahmed Perfumes' Arabic Logo, Refuses Passing Off ReliefIBC Separate CIRP For Another Project Of Same Builder...