Bombay High Court Orders Constitution Of Special Bench Of NCLT To Dispose Of JM Financial's ₹167 Cr Insolvency Plea

On 30 April, the Bombay High Court directed the National Company Law Tribunal (NCLT), Mumbai to constitute a Special Bench and dispose of JM Financial Asset Reconstruction Company Ltd.'s Section 7 petition against Shubh Hospitality Private Ltd. by 30 June 2026, and expressed strong disapproval of how the Tribunal handled the matter. A Division Bench of Justices Manish Pitale and Shreeram V. Shirsat emphasised that delays at the NCLT defeat the time-bound framework of the Insolvency and...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 04, 2026

IBC NCLAT Dismisses Vedanta's Appeal Against Approval Of Adani Enterprises' Plan For Jaiprakash Associates“This Will Be His Last Assignment”: Supreme Court Raps Xalta Foods RP For Defying Court's Possession OrderNCLT Ahmedabad Directs Morakhia Copper's SRA To File NFRA Complaint Against CA For Falsifying Company AccountsRTO Cannot Demand Pre-Liquidation Motor Vehicle Tax From IBC Auction Purchasers: Bombay High CourtTelangana High Court Holds IBC Moratorium Cannot Defeat Arbitral Proceedings,...

LiveLawBiz Indirect Tax Weekly Round-Up: April 27 - May 03, 2026

HIGH COURTSAndhra Pradesh HCMere GST Deposit In Electronic Ledger Not Payment Until Appropriated To Government: Andhra Pradesh High CourtCase Title : Sona Enterprises v. The State Case Number : WRIT PETITION NO: 31510/2024 CITATION : 2026 LLBiz HC(APH) 34The Andhra Pradesh High Court has recently held that merely depositing GST in the electronic ledger does not amount to payment to the Government, while setting aside a tax and penalty order against Sona Enterprises. "The provisions of Section...

West Asia Hostilities No Ground: Delhi HC Dismisses SpiceJet Review Plea Against ₹144.51 Crore Deposit Order

The Delhi High Court on Monday dismissed review petitions filed by SpiceJet Ltd and its promoter Ajay Singh, refusing to modify its March 18, 2026 order and grant further time, thereby requiring compliance with directions to deposit ₹144.51 crore in an arbitration dispute with Kal Airways Pvt. Ltd. Justice Subramonium Prasad held that subsequent developments such as the outbreak of hostilities in West Asia cannot be used to avoid compliance with binding judicial directions or as a ground for...

LiveLawBiz IPR Weekly Digest: April 26 - May 2, 2026

SUPREME COURTSupreme Court Issues Notice On Plea Against Delhi HC Ruling That Patent Revocation Plea Survives ExpiryCase Title: Boehringer Ingelheim Pharma GmbH & Co. v. The Controller Of Patents & Anr. Case Number: SLP (C) 13704 OF 2026The Supreme Court on Monday issued notice on a plea challenging a Delhi High Court ruling that a patent revocation petition remains maintainable and survives even after expiry of the patent and is not barred merely because an invalidity defence is raised...

LiveLawBiz Direct Tax Weekly Round-Up: April 27 - May 03, 2026

HIGH COURTSBombay HCBombay High Court Sets Aside Cap On Export Unit Tax Deduction Based On Sister Concern ProfitsCase Title : Pragati Aroma Oil Distillers Private Ltd. Vs The Deputy Commissioner of Income Tax-14(2) Case Number : INCOME TAX APPEAL NO.502 OF 2015 CITATION : 2026 LLBiz HC(BOM) 235The Bombay High Court has held that deduction under Section 10B of the Income Tax Act, which grants tax relief to export-oriented units on profits derived from exports, cannot be restricted merely by...

RTO Cannot Demand Pre-Liquidation Motor Vehicle Tax From IBC Auction Purchasers: Bombay High Court

On 22 April, the Bombay High Court, allowing a writ petition filed by My Ideal Transport, held that Regional Transport Offices (RTOs) cannot demand pre-liquidation Motor Vehicle Tax (MVT) dues from auction purchasers of vehicles sold during liquidation under the Insolvency and Bankruptcy Code, 2016 (IBC). A Division Bench of Justices Manish Pitale and Shreeram V. Shirsat reiterated that statutory authorities must lodge their claims before the liquidator and have them resolved under the IBC's...

Waste Mud From Refining Process Not Liable To Excise Duty: CESTAT Hyderabad

The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that “waste mud” (spent earth) generated during the refining of crude palm oil is not an excisable product under Section 2(d) of the Central Excise Act and is therefore not liable to Central Excise duty. A Division Bench comprising Technical Member A.K. Jyotishi and Judicial Member Angad Prasad set aside the duty demand and held that the adjudication rested on an invalid circular. The Tribunal ruled...

LiveLawBiz RERA Cases Weekly Digest: 27th April to 2nd May, 2026

Nominal Index Janak Laxmichand Bhavsar & Ors. v. M/s. Aditya Developers & Ors., 2026 LLBiz REAT (MH) 28CCI Projects Private Limited v. Ramesh Shivsaran Singh & Ors. (and connected appeals), 2026 LLBiz REAT (MH) 27Tarun Chatterjee v. M/s Sai UVR Properties Ltd., 2026 LLBiz RERA(TN) 74Mohammed Iqbal Khan v. Casa Grande Garden City Builders Pvt Ltd, 2026 LLBiz RERA(KA) 75Real Estate Appellate TribunalMaharashtra REATHomebuyers Can't Enforce Rights Against New Developer After Termination...

LiveLawBiz IBC Weekly Digest: April 27 To May 2

SUPREME COURT SBI Back In Reliance Infratel CoC As Supreme Court Sets Aside NCLAT Order Excluding Consortium Lenders Case Title : STATE BANK OF INDIA AND ORS. Versus DOHA BANK Q.P.S.C. AND ANR Case Number : C.A. No. 8527/2022The Supreme Court of India has allowed the appeal filed by the State Bank of India against an October 14, 2022 order of the National Company Law Appellate Tribunal, which had upheld the exclusion of SBI and other lenders from the Committee of...

Telangana High Court Holds IBC Moratorium Cannot Defeat Arbitral Proceedings, Allows Kaizen Power Appeal

The Telangana High Court on 15 April set aside a Commercial Court order that had vacated interim protection granted to Kaizen Power Limited in relation to its lease dispute with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). A Division Bench of Justices Moushumi Bhattacharya and Gadi Praveen Kumar held that the Commercial Court proceeded on an erroneous understanding of the effect of the IBC moratorium and allowed the appeal, directing that arbitration proceedings be resumed...

“This Will Be His Last Assignment”: Supreme Court Raps Xalta Foods RP For Defying Court's Possession Order

The 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 Professional (RP) of Xalta Food and Beverages Pvt Ltd and holding his conduct "contemptuous." A bench of Justices J.B. Pardiwala and Vijay Bishnoi issued immediate directions after being told that despite earlier orders, only partial possession had been...