Supreme Court To Examine Arbitral Tribunal's Power To Grant Interim Monetary Relief On Disputed Claims

The Supreme Court on Tuesday, 1 September, said it would examine whether an arbitral tribunal can grant interim monetary relief on disputed claims under Section 17 of the Arbitration and Conciliation Act, 1996. A Bench of Justices P.S. Narasimha and Alok Aradhe issued notice on Larsen & Toubro Ltd.'s challenge to a Delhi High Court judgment which set aside an interim direction requiring India International Convention and Expo Centre Ltd. (IICECL) to release approximately Rs. 227 crore to...

Supreme Court Issues Notice On Delta Corp's Plea Against Bombay HC Ruling Denying Gaming Licence

On Tuesday, 1 September, the Supreme Court issued notice on Delta Corp Ltd.'s challenge to a Bombay High Court judgment which held that the 1992 amendment to the Goa Public Gambling Act was never brought into force in Daman and Diu. Therefore, Delta Corp had no enforceable right to seek a gaming licence for operating slot machines. A Division Bench comprising Justices P.S. Narasimha and Alok Aradhe stated that the matter would be heard on merits. The Bombay High Court had held that since no...

BREAKING | New 5-Member Bench Of NCLT Delhi Stays Order Approving Subhash Chandra's ₹6.25 Cr Repayment Plan

Today, the freshly constituted Five Member Bench of the National Company Law Tribunal (NCLT) at New Delhi stayed the approval of Dr Subhash Chandra's repayment plan, which offered Rs. 6.25 crore to creditors against admitted claims of Rs. 22,006.57 crore. The Bench comprising NCLT President Justice Anupinder Singh with Judicial Members Bachu Venkat Balara Das and Mahendra Khandelwal, and Technical Members Atul Chaturvedi and Ravindra Chaturvedi, restrained Chandra from alienating his...

LiveLawBiz: Corporate Legal News Daily Round-Up: August 31, 2026

IBC NCLT Kolkata Admits Planet Infrastructure Into CIRP, Rejects Guarantee Arbitration As Pre-Existing DisputeSuspended Directors Cannot Pursue 'Proxy Grievances' On Behalf Of Homebuyers: NCLT ChandigarhNCLT Chennai Rejects Jyoti Ltd's Insolvency Plea Against Marg Ltd Over Pre-Existing DisputeNCLAT New Delhi To Hear Creditors' Challenge To NCLT Approval Of Subhash Chandra's ₹6.25 Crore PlanSupreme Court Refuses To Interfere With NCLAT Order Protecting Jet Airways Workmen's PF Gratuity...

NCLT Delhi Refers Subhash Chandra's ₹6.5 Cr Plan To 5-Member Bench After No Majority, Hearing Today

At 10:15 am today, a Special Five-Member Bench of the New Delhi National Company Law Tribunal (NCLT) is scheduled to hear the insolvency proceedings involving Essel Group Chairman Dr Subhash Chandra, following a reference after no majority view emerged on the approval and scope of his repayment plan. The Special Bench has been constituted by NCLT President Justice Anupinder Singh and comprises himself, Judicial Members Bachu Venkat Balara Das and Mahendra Khandelwal, and Technical Members...

NCLAT New Delhi To Hear Creditors' Challenge To NCLT Approval Of Subhash Chandra's ₹6.25 Crore Plan

On Monday, 31 August, the National Company Law Appellate Tribunal (NCLAT), New Delhi will hear creditors' appeal against the National Company Law Tribunal (NCLT), New Delhi Bench's approval of Dr. Subhash Chandra's Rs. 6.25 crore repayment plan against admitted claims of Rs. 22,006.57 crore.A Bench comprising officiating Chairperson Justice Yogesh Khanna with Technical Members Barun Mitra and Ajai Das Mehrotra agreed to hear the appeal urgently after Solicitor General Tushar Mehta, appearing for...

Supreme Court Refuses To Interfere With NCLAT Order Protecting Jet Airways Workmen's PF Gratuity Dues

The Supreme Court on Monday, 31 August, declined to interfere with the National Company Law Appellate Tribunal's (NCLAT) 30 June order which held that provident fund, gratuity and pension dues payable to Jet Airways' workmen do not form part of the liquidation estate, even where segregated funds were not available on the liquidation commencement date. A Bench of Chief Justice Surya Kant with Justices Joymalya Bagchi and V. Mohana refused to interfere with the order, while leaving the questions...

Supreme Court Refuses To Interfere With Delhi HC Ruling On GoDaddy Domain Fees Under India-US DTAA

The Supreme Court on Monday refused to interfere with the Delhi High Court order holding that payments received by GoDaddy.com LLC from Indian customers towards domain-name registration services are not chargeable to income tax in India under the India-US Double Taxation Avoidance Agreement (DTAA). A Bench of Justices K.V. Viswanathan and Arun Palli after hearing the parties, refused to interfere with the Delhi High Court's order. The Supreme Court was hearing the Income Tax...

Supreme Court Stays Allahabad HC Order Quashing ₹940 Crore NHAI Contract Termination Against Tata Projects

The Supreme Court on Monday stayed the operation of the Allahabad High Court judgment which had quashed the termination of Tata Projects Ltd.'s ₹940.68-crore contract for widening, upgrading and maintaining a 50.254 km stretch of NH-709A between Garhmukteshwar and Meerut, Uttar Pradesh. A Bench of Justices J.B. Pardiwala and K. Vinod Chandran while staying the High Court judgment, indicated that considering the public interest involved in the highway project, the parties could once again...

Supreme Court Issues Notice In Canara Bank's Plea Against NCLAT Order Setting Aside Insolvency Admission Of Equinox India Developments

The Supreme Court on Monday issued notice on Canara Bank's challenge to the NCLAT order setting aside the admission of its Section 7 insolvency petition against Equinox India Developments Ltd., formerly Indiabulls Real Estate Ltd. A Bench of Justices J.B. Pardiwala and K. Vinod Chandran said the matter requires consideration and issues notice in Canara Bank's special leave petition. The case arose from Canara Bank's insolvency proceedings against Equinox India Developments Ltd, formerly...

LiveLawBiz IBC Weekly Digest: August 24 - August 29, 2026

SUPREME COURTSupreme Court Upholds NCLAT Refusal To Entertain Allottee's Plea Seeking Refund Of Around ₹4 Lakh In Jaiprakash Associates CIRPCase Title : DEVENDRA SINGH YADAV AND ANR. vs BHUVAN MADAN AND ANR. Case Number : C.A. No. 9798/2026The Supreme Court on Tuesday upheld the National Company Law Appellate Tribunal's refusal to grant relief to an allottee of a Jaiprakash Associates Ltd. project, who had sought refund of around ₹4 lakh demanded from him towards common area charges after he...

LiveLawBiz: Corporate Legal News Daily Round-Up: August 28, 2026

IBC NCLT New Delhi Orders Liquidation Of Dalmia Life Care After CoC Gets 72.19% VoteNCLT Ahmedabad Admits Kalahridhaan Trendz Into CIRP Over ₹3.26 Crore DefaultNCLT Delhi Approves Zee Founder Subhash Chandra's ₹6.5 Cr. Repayment Plan Against ₹22,006 Cr. ClaimsTAX Chhattisgarh HC Upholds ₹37.74L Compensation To Accident Victim's Mother, Says No Tax Deduction Below ₹5LDelhi ITAT Excludes 4 Companies From WNS Transfer Pricing Comparables, Says Functional Similarity Is KeyDelhi ITAT Deletes ₹168.31...