NCLT Bengaluru Issues Notice To Flipkart On Insolvency Plea Alleging Rs 4.37 Crore Default

The National Company Law Tribunal (NCLT) at Bengaluru on Wednesday issued notice to Walmart-owned e-commerce company Flipkart Internet Pvt. Ltd. on an insolvency petition alleging a default of Rs 4.37 crore under the Insolvency and Bankruptcy Code, 2016. The petition has been filed by Netambit Value First Services Pvt. Ltd., an operational creditor, under Section 9 of the Code. A bench of Judicial Member Mahendra Khandelwal and Technical Member Ravindra Chaturvedi issued the notice after...

Govt Spent ₹88.74 Crore On Advertising 'GST Bachat Utsav': Finance Ministry Tells Lok Sabha

The Union Government spent Rs 88.74 crore on advertising for the “GST Bachat Utsav," a publicity campaign to spread awareness about GST rate rationalisation, the Ministry of Finance informed the Lok Sabha in response to a question on March 9, 2026.Responding to a question raised by Jagdish Chandra Barma Basunia, BJP MP from Cooch Behar, West Bengal, the Minister of State for Finance Pankaj Chaudhary, stated that the government incurred Rs 88.74 crore on advertising for the campaign. GST Bachat...

Samsung India Anti-Profiteering Case: GSTAT Directs DGAP To Re-Examine Cost, CSD Supply Issues

The Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi has directed the Director General of Anti-Profiteering (DGAP) to re-examine certain issues in the anti-profiteering proceedings involving Samsung India Electronics Pvt. Ltd. after the matter had earlier been reserved for pronouncement of the final order. A bench comprising President Justice (Retd.) Dr. Sanjaya Kumar Mishra and Technical Member A. Venu Prasad passed the order after considering the matter and holding a conference...

Companies Act Does Not Mandate Valuation Report For Share Capital Reduction: Supreme Court

The Supreme Court on Tuesday dismissed appeals filed by minority shareholders challenging a reduction of share capital undertaken by Bharti Telecom Ltd, holding that the Companies Act does not require a valuation report from a registered valuer for such a process.A bench of Justices Sanjay Kumar and K. Vinod Chandran said that reduction of share capital under Section 66 can be effected through a “special resolution” passed by shareholders and confirmation by the National Company Law...

Delhi High Court Holds Crocodile International Logo Infringes Not Just Lacoste's Trademark But Also Its Copyright

The Delhi High Court on Monday modified a single judge ruling in a long-running trademark dispute between Lacoste and Singapore based Crocodile International, holding that the latter's crocodile device infringed both the French fashion house's trademark and its copyright in the iconic saurian emblem. A Division Bench of Justice C. Hari Shankar and Justice Om Prakash Shukla, in a judgment pronounced on March 9, 2026, partly allowed cross appeals by the parties and modified the August 14, 2024...

Supreme Court Grants Anticipatory Bail To Businessman Accused Of Supplying Bottles And Caps For Spurious Liquor

The Supreme Court on Tuesday granted anticipatory bail to a businessman accused of supplying plastic bottles, caps bearing government labels and cardboard boxes allegedly used for bottling spurious liquor. The Court noted that he was not initially named in the FIR and that no raid had been conducted at his place of business.A bench of Justices Prashant Kumar Mishra and N.V. Anjaria allowed the appeal filed by Manoj Kumar Mutta and set aside the Andhra Pradesh High Court's order dated December 5,...

Supreme Court Issues Notice On Plea Over Denial Of Use Or Refund Of Compensation Cess ITC After Coal Cess Scrapped

The Supreme Court on Monday issued notice on a writ petition challenging the denial of utilisation or refund of accumulated Compensation Cess input tax credit (ITC) after the cess on coal was scrapped. The petition, filed by Carbon Resources Pvt. Ltd., claims the change has left the company with around Rs 23 crore in compensation cess credit that has become unusable because no mechanism was provided to either utilise or refund it. A bench comprising Chief Justice of India Surya Kant and...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 10, 2026

IBC NCLT Mumbai Allows Withdrawal Of Tata Power EV Charging Solutions' Insolvency Plea Against Cab-Eez Infra TechIBBI Action Against RP In Other CIRPs Cannot Invalidate Claim Verification In Chandigarh Overseas CIRP: NCLATIncome Tax Refunds Determined During CIRP Form Part of Corporate Debtor's Assets: NCLT AhmedabadNCLT Ahmedabad Says It Cannot Grant Blanket Statutory Exemptions Or Override Other Enactments Under IBCNCLT Mumbai Allows Amendment In Oppression Petition After Expiry Of Limitation...

Supreme Court Reserves Verdict In Filmmaker Sujoy Ghosh's Plea To Quash Copyright Case Over Film Kahaani 2

The Supreme Court on Tuesday reserved its judgment in a plea filed by filmmaker Sujoy Ghosh seeking the quashing of criminal proceedings alleging copyright infringement in connection with the film Kahaani 2, which was declined by the Jharkhand High Court. A bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe heard the matter and reserved the verdict. Earlier, on July 2, 2025, the court issued notice and granted interim relief by dispensing with Ghosh's personal appearance before...

Reverse Passing Off Foreign To Indian Trademark Jurisprudence, Not Enforceable: Delhi High Court

The Delhi High Court on Monday ruled that the tort of “reverse passing off” is foreign to Indian trademark jurisprudence and does not create an enforceable cause of action under the Trade Marks Act. The court dismissed appeals filed by Western Digital and Seagate against refurbishers who remove original brand labels from used hard disk drives and sell them under new brands. A Division Bench of Justice C. Hari Shankar and Justice Om Prakash Shukla held that Indian trademark jurisprudence...

Bombay High Court Protects Shilpa Shetty's Personality Rights, Orders Removal of AI Deepfakes

The Bombay High Court has recently granted protection to the personality rights of the renowned actress Shilpa Shetty Kundra, ordering the removal of AI-generated deepfakes and restraining commercial entities from the unauthorized use of her likeness.On March 4, 2026, Justice Sharmila U. Deshmukh stated that the actress's personality attributes are protectable elements that cannot be commercially exploited without her express consent. The Court observed that the creation of pornographic and...

Courts Must Be Slow To Grant Interim Relief In Tender Matters: Supreme Court

The Supreme Court recently set aside an interim order passed by the Karnataka High Court directing revision of ethanol allocation in favour of VINP Distilleries and Sugars Pvt. Ltd. under a government tender for the Ethanol Supply Year (ESY) 2025–26, observing that courts should exercise caution while granting interim relief in contractual and tender matters. “In matters relating to contracts/tenders writ courts should remain circumspect and slow in passing interim orders which may have the...