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...

Bombay High Court Upholds ₹1,198 Crore Indian Oil Tender, Says CVC's 80% Rule Cannot Apply Mechanically

The Bombay High Court on 21 August upheld Indian Oil Corporation Limited's (IOCL) Rs. 1,198 crore all India tender for Retail Visual Identity (RVI) works, noting that the Central Vigilance Commission's (CVC) guideline referring to 80% of the estimated cost cannot be mechanically applied to the aggregate value of a tender. A Division Bench of Acting Chief Justice Ravindra V. Ghuge and Justice Gautam A. Ankhad rejected challenges to the requirement that bidders must have completed a single...

NCLT Delhi Approves Zee Founder Subhash Chandra's ₹6.5 Cr. Repayment Plan Against ₹22,006 Cr. Claims

The National Company Law Tribunal (NCLT), New Delhi, on 25 August approved the repayment plan of Dr. Subhash Chandra, chairman of the Essel Group and founder of Zee TV, under Section 114 of the Insolvency and Bankruptcy Code, 2016 (IBC), subject to the exclusion of two unsupported claims.A Bench comprising Judicial Member Nilesh Sharma, acting as the Third Member after the Judicial and Technical Members delivered conflicting opinions, held that the requisite majority of creditors had approved...

LiveLawBiz: Corporate Legal News Daily Round-Up: August 27, 2026

IBC NCLAT Chennai Restores CIRP Of Jeppiaar Cements, Says Fairness Must Prevail In Insolvency ResolutionBelated Homebuyer Claims Cannot Reopen Approved Resolution Plan: NCLT IndoreNCLT Indore Holds IBC Cannot Be Used To Settle Family Disputes, Rejects ₹4.21 Crore Section 7 PleaIPR Delhi High Court Restrains Sale Of Counterfeit SKF Bearings, Calls Them A “Safety Hazard” For DriversTAX Rajasthan High Court Says Supplier's Tax Payment Mandatory For ITC, Upholds Recovery From BuyerMadras High Court...

Delhi High Court Dismisses PIL Against IFCI's ₹440.93 Cr NSE Share Sale For Petitioner's Forum Shopping

On 19 August, the Delhi High Court dismissed a Public Interest Litigation (PIL) challenging IFCI Ltd's sale of shares in the National Stock Exchange of India Ltd (NSE), holding that the petitioner had suppressed an earlier proceeding before the Bombay High Court on the same issue. A Division Bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia held that the petitioner's suppression of the earlier proceeding disentitled him to relief and imposed exemplary costs of Rs....

Delhi High Court Stays FSSAI Notice Against FDC's Enerzal For 8 Months Over 'Electrolyte' Label

On 25 August, the Delhi High Court stayed a notice of the Food Safety and Standards Authority of India (FSSAI) directing FDC Limited to stop using the terms “electrolyte” and “electrolyte drink” on its Enerzal products for eight months, after noting that the company had not been issued an improvement notice under Section 32 of the Food Safety and Standards Act, 2006 (FSS Act). Section 32 requires a prior improvement notice giving a food business an opportunity to rectify violations. Justice...

Supreme Court Directs Union To Consider 60-Day Tax Relief For Seafarers Stranded In India During COVID-19

The Supreme Court on 21 August directed the Union of India to sympathetically consider representations filed by Merchant Navy Officers and Ladies Association (MNOLA) seeking a 60-day tax exemption for Indian seafarers who remained in India for more than 182 days during the COVID-19 pandemic. A Bench comprising Chief Justice Surya Kant with Justices Joymalya Bagchi and V. Mohana disposed of the writ petition without expressing any opinion on merits and directed the Union to take an appropriate...

Delhi High Court Dismisses Anil Biyani's Challenge To SFIO Probe, Says Mumbai Has Principal Nexus

The Delhi High Court on 25 August dismissed Future Group Director, Anil Laxminarayan Biyani's, challenge to the Ministry of Corporate Affairs' (MCA) order directing the Serious Fraud Investigation Office (SFIO) to investigate the affairs of Future Retail Ltd (FRL) and Future Consumer Retail Pvt Ltd (FCRPL). Justice Swarana Kanta Sharma held that the case had its principal and substantial nexus with Mumbai and not Delhi. Therefore, the Delhi High Court lacked territorial jurisdiction to hear it....

LiveLawBiz: Corporate Legal News Daily Round-Up: August 26, 2026

IBC Debenture Holders Retain Right To Initiate Insolvency Despite Trustee Appointment: NCLT BengaluruIPR Delhi High Court Restrains Ajmer Spa From Using "ANANTARA" For Similarity With MHG IP Holding's MarkDelhi High Court Temporarily Restrains Sale Of 'SCALP SAYY' Hair Care Products For Similar To 'SAYY'Delhi High Court Cancels 'STONEX WORLD' Mark Finding Likelihood Of Confusion With 'STONEX India Pvt Ltd'Delhi High Court Sets Aside Trademark Registry Order Refusing “AYU LIFESCIENCE”...

Supreme Court Issues Notice On Plea Against Bombay HC Ruling Trademark Evidence Deadline Is Directory

The Supreme Court on 24 August issued notice on Black Diamond Motors Pvt. Ltd.'s challenge to a Bombay High Court judgment holding that the two-month period prescribed under Rule 45 of the Trade Marks Rules, 2017 for filing an evidence affidavit is directory and not a mandatory deadline. A Division Bench of Justices J.B. Pardiwala and K. Vinod Chandran made the notice “returnable after four weeks” and directed that “in the meantime, the proceedings of rectification shall remain stayed.” The...

Supreme Court Sets Aside GST Notice Against Tata Steel, Says 'Suppression' Must Have Factual Basis

The Supreme Court has set aside a GST show cause notice issued to Tata Steel Limited and the consequential Order-in-Original dated 26 December 2025, holding that the Department could not invoke the extended limitation period under Section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act), merely by using the words “suppression of facts” without setting out the foundational facts supporting the allegation. A Bench of Justices J.B. Pardiwala and K. Vinod Chandran held that where the...

Supreme Court Holds Port Trust Liable For Customs Duty On Pilfered Goods After Custodian Approval

The Supreme Court on 25 August upheld the validity of a notification approving the Mumbai Port Trust as a custodian under Section 45(1) of the Customs Act, 1962, empowers the Commissioner of Customs to approve a person or entity as custodian of imported goods pending their clearance.A Bench of Justices B.V. Nagarathna and Manmohan held that the Commissioner of Customs was justified in approving the Trust as a custodian, and set aside the Bombay High Court's finding that the Commissioner...