LiveLawBiz Direct Tax Monthly Digest: April 2026

SUPREME COURTSupreme Court Refuses To Interfere With Bombay HC Order Quashing IT Assessments Against Merged Reliance EntitiesCase Title : Deputy Commissioner of Income Tax v. Reliance Industries Limited Case Number : Diary No(s). 4339/2026 CITATION : 2026 LLBiz SC 141The Supreme Court on Wednesday refused to interfere with a Bombay High Court ruling that had quashed income tax assessments issued in the names of Reliance Polyethylene Ltd. and Reliance Polypropylene Ltd. even after their merger...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 01, 2026

COMPANY LAW Supreme Court Stays ₹5 Lakh Cost Imposed To Set Aside NBWs In Adarsh Housing SFIO CaseNCLT Ahmedabad Sanctions Suzlon Energy Scheme To Set Off ₹18,418 Crore Losses By Reorganising ReservesNCLT Ahmedabad Rejects Registrar Of Companies' Plea to Condon 4215-Day Delay In Restoring Struck-Off CompanyCalcutta High Court Quashes LOC Against Ex-Elder Pharma Employee In ₹1,300 Crore SFIO ProbeIBC NCLT Mumbai Dismisses RP's Plea Against ₹260 Crore RCIL Receivables Assignment, Finds No...

IBC Monthly Digest: April 2026

SUPREME COURT Vedanta Moves Supreme Court Against NCLAT Refusal To Stay Implementation Of Adani's JAL Resolution PlanCase Title : Vedanta Limited vs Bhuvan Madan Case Number : Diary No. 18505 of 2026Vedanta Ltd has moved the Supreme Court assailing the National Company Law Appellate Tribunal's order declining interim relief against implementation of Adani Enterprises' resolution plan for Jaiprakash Associates Ltd. The plan, approved by the NCLT on March 17, 2026, with...

Supreme Court Stays ₹5 Lakh Cost Imposed To Set Aside NBWs In Adarsh Housing SFIO Case

The Supreme Court recently (April 27) issued notice on a petition filed by Meenakshi Modi, an accused in an SFIO case linked to the Adarsh Build Estate housing fraud, to examine the validity of a Rs 5 lakh cost imposed by the Punjab and Haryana High Court while setting aside non-bailable warrants against her. The court stayed the condition till next hearing in August. A bench of Justices Sanjay Kumar and K. Vinod Chandran limited the notice to this aspect and directed Modi to appear...

Husband's Income Tax Returns Are Personal Information, Not Disclosable Under RTI Act: Delhi High Court

The Delhi High Court has held that a husband's income tax returns constitute “personal information” and are exempt from disclosure under the Right to Information (RTI) Act unless a larger public interest justifies such disclosure. The court set aside a Central Information Commission (CIC) order directing their disclosure to his wife in a matrimonial dispute. Justice Purushaindra Kumar Kaurav ruled that income-related details sought by the wife did not fall within the “larger public interest”...

Consolidated GST Show Cause Notices Across Multiple Years Permissible: Karnataka High Court

The Karnataka High Court has recently ruled that GST authorities can issue a single show cause notice covering multiple financial years, settling a dispute over whether such notices must be confined to one year. The question before the court was, “Whether it would be permissible to issue consolidated/common show cause notice under Sections 73 and 74 of the Act covering multiple financial years or multiple tax periods?” Answering this, a bench of Justice S.G. Pandit and Justice K.V. Aravind...

Madras High Court Restrains Piracy Of Aamir Khan Productions' 'Ek Din' Ahead of Release

The Madras High Court recently estrained apprehended infringement of copyright in the film Ek Din, slated for release today, by granting an ad-interim injunction in a suit filed by Aamir Khan Productions Pvt Ltd. Justice Senthilkumar Ramamoorthy passed the order noting that the film was scheduled to release on May 1, 2026 (today). The Court observed that in matters of this nature, “irreversible injury” is likely to occur unless unlawful broadcast is prevented. Ek Din is a Hindi romantic drama...

LiveLawBiz: Corporate Legal News Daily Round-Up: April 30, 2026

SECURITIES LAW Supreme Court Reserves Verdict On Kotak AMC Plea Against SAT Ruling On Essel Group-Linked Mutual Fund InvestmentsSEBI Imposes ₹40 Lakh Penalty On 4 For Unregistered Investment Advice Through Telegram ChannelsSEBI Allows Most AIFs To Launch Schemes In 30 Days Under Fast-Track Rules, Excludes Large-Value FundsSEBI Penalises Three Individuals ₹5 Lakh Each For Non-Cooperation In Rajesh Exports Front-Running ProbeSEBI Slashes Arun Panchariya's Penalty From ₹25 Crore To ₹20 Lakh In...

Amazon- Future Coupons Reach Settlement; Delhi High Court Disposes Challenge To SIAC Award

The Delhi High Court on Tuesday permitted withdrawal of petitions filed by Future Coupons Private Limited and promoter entities, including Ashni Kishore Biyani, against a Singapore International Arbitration Centre (SIAC) award in their dispute with Amazon. The award had held them in breach of contractual obligations and directed them to pay Rs 23.7 crore in damages, along with Rs 77.3 crore and SGD 68,550 towards costs, but the challenge was withdrawn after the parties entered into a settlement...

NCLT Mumbai Refers Eros–Aanand L. Rai Dispute Over Colour Yellow Productions To Arbitration

The National Company Law Tribunal (NCLT) at Mumbai on Tuesday recently referred to arbitration a dispute between Eros International Media Ltd and filmmaker Aanand L. Rai arising from their investment and contractual arrangements in Colour Yellow Productions Pvt. Ltd. It held that Eros' company petition was a dressed-up attempt to bypass arbitration.A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar was hearing a petition by Eros alleging fund diversion...

Madras High Court Restrains Apprehended Piracy Of 'Raja Shivaji,' Biopic On Chhatrapati Shivaji Maharaj

The Madras High Court on Wednesday restrained apprehended copyright infringement of the Riteish Deshmukh-starrer “RAJA SHIVAJI,” observing that “irreversible injury would occur unless unlawful broadcast is prevented.” In an order dated April 29, 2026, Justice Senthilkumar Ramamoorthy granted ad-interim relief against internet service providers and cable TV operators arrayed as respondents in the suit. The film billed as the biopic on Chhatrapati Shivaji Maharaj is slated for release on May 1,...

Supreme Court Pulls Up Xalta RP, CoC for Non-Compliance With ₹50.55 Lakh Monthly Rent Order; Orders Handover

The Supreme Court of India on Tuesday warned the Superintendent of Police, Hapur, of personal liability if possession of premises belonging to Prerna Singh is not handed over within a week, directing the Resolution Professional and Committee of Creditors of Xalta Food and Beverages Pvt. Ltd. to ensure compliance. The Court once again rebuked the RP and CoC for failing to comply with its April 16, 2026 order, noting that against the committed monthly rent of Rs 50.55 lakh, only Rs 33.83 lakh was...