'Gullible Public Being Misled': Bombay High Court Orders Takedown Of Fake DBS Bank WhatsApp Groups, Websites

Observing that the “gullible public” is being misled and that “time is of essence” as delays can cause “irreversible loss” in cases of financial fraud, the Bombay High Court has granted an ad-interim injunction restraining unidentified persons from impersonating DBS Bank India Limited and its officials. Justice Sharmila U. Deshmukh, in an order dated April 21, 2026, directed platforms including WhatsApp and domain registrars to disable fraudulent profiles, groups, and websites used to mislead...

Supreme Court Reserves Verdict On Kotak AMC Plea Against SAT Ruling On Essel Group-Linked Mutual Fund Investments

The Supreme Court on Thursday reserved its verdict on appeals challenging a Securities Appellate Tribunal ruling that upheld findings of regulatory violations against Kotak Mahindra Asset Management Company in Essel Group-linked mutual fund investments while setting aside disgorgement ordered by SEBI.A bench of Justices Dipankar Datta and Satish Chandra Sharma reserved the judgment after hearing the parties.SAT in its order held that Kotak AMC failed to adequately assess the financial strength...

Bengaluru Court Restrains Defamatory Content, Orchestrated Negative Ratings Against Telugu Film 'Jetlee'

A City Civil and Sessions Court in Bengaluru has granted an ad-interim ex parte injunction restraining social media platforms and online users from publishing defamatory and unverified content against the Telugu film "Jetlee," observing that such material could damage the film's image and cause huge loss to the plaintiff ahead of its May 1 release. In an order dated April 29, 2026, Addl. City Civil and Sessions Judge B Dararatha held that the plaintiff “appears to have made out prima-facie...

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

IBC IBC Time-Bound Resolution “Impossible To Achieve” Amid NCLT Delays; Supreme Court Takes Suo Motu CognisanceRP's Admission Of Claim In CIRP Not Acknowledgment Of Debt, Cannot Extend Limitation: Supreme CourtSub-Contractor's Contractual Share Not Part Of IVRCL's Liquidation Estate: NCLAT Orders Release Of ₹41.76 LakhNCLT Kochi Records Interim Payment Plan To Ensure Access To Jatayupara Tourism ProjectNCLAT Chennai Dismisses Personal Guarantors Appeals Upholds 208-Day Exclusion In PGIRPIBBI...

Bombay High Court Holds Slot Machine Gaming Illegal In Daman And Diu, Rejects Delta Corp Plea

The Bombay High Court on Wednesday held that in the absence of a notified commencement, the Goa Public Gambling (Amendment) Act, 1992 never came into force in Daman and Diu, and therefore no enforceable right could arise to seek a licence for operating slot machines in the Union Territory. A Division Bench of Justices Sarang V. Kotwal and Sandesh D. Patil rejected Delta Corp Ltd's plea seeking a licence to operate electronic amusement slot machines at its five-star Deltin hotel in Daman,...

RP's Admission Of Claim In CIRP Not Acknowledgment Of Debt, Cannot Extend Limitation: Supreme Court

The Supreme Court on Wednesday held that admission of a claim by a Resolution Professional during insolvency proceedings is merely an administrative act and does not amount to an acknowledgment of liability under Section 18 of the Limitation Act, 1963. The court said such admission is only a recital or entry of debt and cannot extend the limitation period for initiating proceedings. “RP performs its administrative duties under Section 18 of the Code. The admission of a claim by RP is merely an...

Delhi High Court Declares “MULTANI” A Well-Known Trademark For Ayurvedic Pharma Products

The Delhi High Court has declared Multani Pharmaceuticals Limited's “MULTANI” mark as a well-known trademark for Ayurvedic pharmaceutical products.A single-judge bench of Justice Jyoti Singh held that the mark has acquired extensive recognition over decades of use and promotion, observing: “Plaintiff's long-standing reputation and extensive and continuous use of the mark MULTANI across jurisdictions reflects its significant commercial presence. The mark has received enviable recognition in...

IBC Time-Bound Resolution “Impossible To Achieve” Amid NCLT Delays; Supreme Court Takes Suo Motu Cognisance

The Supreme Court of India on Wednesday took suo motu cognisance of delays in approval of resolution plans pending before various benches of the National Company Law Tribunal (NCLT), stating that the objective of time-bound resolution under the Insolvency and Bankruptcy Code, 2016 is “impossible to achieve” in the present situation. A bench of Justice J.B. Pardiwala and Justice K.V. Viswanathan was hearing the matter pursuant to its order dated April 16, 2026. By that order, the Court had...

No Immediate Challenge To Arbitrator's Rejection Of Jurisdiction Plea; Must Wait For Final Award: Supreme Court

The Supreme Court has recently held that when a claim is challenged as time-barred to question an arbitrator's jurisdiction, and the arbitrator rejects that objection, the party cannot challenge it midway and must wait until the final award. A Division Bench of Justices Sanjay Kumar and K. Vinod Chandran observed that "In that situation, there is no option for the party aggrieved by the decision of the arbitrator upon the application filed under Section 16 except to wait till the conclusion of...

Karnataka High Court Upholds DICGC's Priority Right To Recover Depositor Payouts From Insured Banks

The Karnataka High Court has upheld the law allowing the Deposit Insurance and Credit Guarantee Corporation (DICGC) to recover amounts paid to depositors directly from a failed bank, with priority over other liabilities, ruling that the premium charged need not be proportionate to the insured amount. A Division Bench of Chief Justice Vibhu Bakhru and Justice C.M. Poonacha dismissed a writ appeal filed by a depositors' society (Sangha) arising from the collapse of Sri Guru Raghavendra Sahakara...

Delhi High Court Says 100% Shareholding Not Enough To Tax Shareholders For Company's Income

The Delhi High Court has held that shareholders, even if holding all the shares of a company, are only owners of the shares and not of the company's assets, and therefore the company's income cannot be taxed in their hands. “Legally speaking, the respondents being shareholders of the company, even if holding all the shares (100%), are only owners of the shares of the company and not the owners of the property as such and similarly the income which that company has earned cannot ipso-facto be...

Every Content Can't Be Disparaging: Delhi High Court Remarks In Arjun Kapoor's Personality Suit

Actor Arjun Kapoor has moved the Delhi High Court alleging widespread unauthorised commercial use of his likeness and circulation of “sexually explicit” deepfake content, with the court cautioning against overbroad restrictions that could stifle satire. Hearing the matter, Justice Tushar Rao Gedela flagged the need to balance personality rights with free expression, observing: “A person who is in the public glare, a lot of things happen… We can understand certain things which will be...