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Delhi High Court Temporarily Restrains 'Singh and Singh Chartered Accountants' In Trademark Suit Filed By Law Firm
The Delhi High Court on Thursday granted an ad-interim injunction restraining a chartered accountancy firm from using the name “Singh and Singh Chartered Accountants” in a trademark infringement suit filed by Singh and Singh Law Firm LLP.The order was passed by Justice Jyoti Singh after hearing the submissions of the law firm at the ad-interim stage. During the hearing, the court sought clarification on the nature of the defendants' business, asking, “These are what, chartered accountants?”...
NCLAT Dismisses Jindal Poly Films' Appeal Challenging Maintainability Of Minority Shareholders' Class Action Suit
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed an appeal filed by Jindal Poly Films Limited challenging an order of the National Company Law Tribunal that had allowed a class action petition under Section 245 of the Companies Act, 2013 to proceed against the company. The appeal was heard by a bench comprising Judicial Member Justice Yogesh Khanna and Technical Member Ajai Das Mehrotra, which declined to interfere with the NCLT's findings and...
Rooh Afza Is Fruit Drink, Not Residuary Goods; Supreme Court Applies 4% VAT Under Uttar Pradesh VAT Act
The Supreme Court on Wednesday held that “Sharbat Rooh Afza” manufactured by Hamdard (Wakf) Laboratories is classifiable as a “fruit drink / processed fruit product” under Entry 103 of Schedule II Part A of the Uttar Pradesh Value Added Tax Act, 2008, and not under the residuary entry taxable at 12.5%. A Bench of Justice B.V. Nagarathna and Justice R. Mahadevan allowed the appeals and set aside the Allahabad High Court's judgments dated July 2, 2018 and August 3, 2022, which had upheld taxing...
LiveLawBiz: Corporate Legal News Daily Round-Up: February 25, 2026
IBC TDS On Interest Alone Not Enough To Cross Insolvency Threshold: NCLT ChandigarhCorporate Debtor Liable For Electricity Dues Despite Lessee's Consumption; Privity of Contract Prevails: NCLT ChennaiDirect Disbursement To Corporate Debtor Not Mandatory To Qualify As Financial Debt Under IBC: NCLATMSME Protections Must Be Invoked By Corporate Debtor, Not Personal Guarantors: NCLT KochiNCLAT Directs YG Estates To Hand Over Supertech Ecociti, 34 Pavilion Maintenance To RWAs In 30 DaysIPROne-Month...
Direct Disbursement To Corporate Debtor Not Mandatory To Qualify As Financial Debt Under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) at Delhi on Tuesday observed that direct disbursement of funds to a corporate debtor is not mandatory for a debt to qualify as a “financial debt” under Section 5(8) of the Insolvency and Bankruptcy Code, 2016. A bench of Judicial Member Justice Mohammad Faiz Alam Khan and Technical Member Naresh Salecha observed, “We carefully observe that the Section does not use the word “to the Corporate Debtor” after word “disbursed”. From the...
Bombay High Court Dismisses Nusli Wadia, Raheja Challenge to Deemed Conveyance of Malad Land to IJMIMA Society
The Bombay High Court has dismissed three writ petitions filed by industrialist Nusli Neville Wadia, in his capacity as Administrator of the Estate of Late E.F. Dinshaw, along with Radhakrishna Properties Pvt. Ltd. and Ivory Properties and Hotels Pvt. Ltd. The petitions challenged an order dated August 29, 2022 granting unilateral deemed conveyance in favour of the Ijimima Imitation Jewellery Market Co-operative Society.Justice Amit Borkar upheld the order passed by the District Deputy Registrar...
Supreme Court Issues Notice In Zoomcar Plea Over Denial Of Appeal Against GST Order By Rajasthan High Court
The Supreme Court on Wednesday issued notice on a special leave petition filed by Zoomcar India Pvt. Ltd., a self-drive car rental platform, challenging a Rajasthan High Court order that disposed of its writ petition without granting liberty to pursue a statutory appeal under the GST law. A bench of Justice J.B. Pardiwala and Justice K.V. Viswanathan heard the matter and directed the issuance of notice. Zoomcar had approached the High Court of Judicature for Rajasthan challenging...
Supreme Court Upholds Delhi HC Refusal To Recall Arbitrator In Vedanta–GSPC Gas Block Dispute
The Supreme Court on Tuesday dismissed special leave petitions in the dispute between Vedanta Ltd (Cairn Oil & Gas Division) and Gujarat State Petroleum Corporation Ltd (GSPC). The court refused to interfere with the Delhi High Court's order declining to recall its earlier Section 11 appointment of an arbitrator and rejecting a related modification plea. Dismissing the petitions, a bench of Justices Manoj Misra and Manmohan observed, “We do not find a good ground to interfere with the...
MCA Announces One-Time Relief For Delayed Annual Returns And Financial Statements, Cuts Additional Fees To 10%
Companies that have defaulted on filing annual returns and financial statements will get a limited window to regularise their records after the Ministry of Corporate Affairs (MCA) on Tuesday notified the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). The Scheme will be in force from April 15 to July 15, 2026. Under existing provisions, companies are required to pay an additional fee of Rs.100 per day for delay in filing annual returns and financial statements, without any upper...
LiveLawBiz: Corporate Legal News Daily Round-Up: February 24, 2026
IBCDefunct Scheme Of Arrangement Under Companies Act Cannot Stall IBC Proceedings: Supreme CourtNCLT, NCLAT Cannot Nullify Benami Act Confiscation In IBC Proceedings: Supreme CourtCommittee Of Creditors Not Barred From Litigating In Own Name Under IBC: NCLAT In Byju's Parent Insolvency CaseEven Without Plea, NCLT Kochi Examines Covid-19 Suspension Bar, Rejects CIRP PleasRainbow Papers Ruling Not Ground To Reopen Approved Resolution Plan Over Belated Tax Dues: NCLATCorporate Debtor Cannot Avoid...
Voluntary Statements To Customs Officers Can Sustain Conviction: Supreme Court
The Supreme Court has recently reiterated that statements recorded by Customs officers under Section 108 of the Customs Act, 1962, constitute substantive evidence and can sustain a conviction if shown to be voluntary. A bench of Justice Vikram Nath and Justice Sandeep Mehta reaffirmed the Gujarat High Court's judgment holding that, “Statements recorded under Section 108 of the Customs Act, 1962 by duly authorized Customs Officers are admissible in evidence and do not attract the bar...