Multi-State Co-Operative Societies Can Bid In CIRP Only If Bye-Laws Allow, Is In Same Line Of Business: Supreme Court

The Supreme Court on Thursday held that a multi-state co-operative society cannot submit a resolution plan under the Insolvency and Bankruptcy Code unless the investment is permitted by its bye-laws and falls either in a subsidiary institution or in the “same line of business”. The court clarified that under Section 64(d) of the Multi-State Co-operative Societies Act, 2002, an MSCS can invest its funds only in a subsidiary institution or in an entity engaged in the same line of business, and...

Supreme Court Refuses To Interfere With Delhi HC Ruling On Deletion Of FTS/FIS Additions On Coursera

The Supreme Court has recently refused to interfere with the Delhi High Court ruling holding that receipts earned by Coursera Inc. from providing access to its online learning platform are not taxable as Fees for Technical Services (FTS) or Fees for Included Services (FIS) under the Income Tax Act and the India–USA DTAA. A Bench of Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe said it was not inclined to interfere with the impugned judgment of the Delhi High Court and dismissed...

Delhi High Court Refers Copyright Row Over 'Oye Oye' Song Used in Dhurandhar 2 To Mediation

In a move to resolve the dispute over the iconic song 'Oye Oye' appearing as 'Rang De lal' in 'Dhurandhar: The Revenge,' the Delhi High Court has referred the copyright infringement suit between Trimurti Films and Aditya Dhar's B62 Studios AND T-Series to mediation.The plea is filed by Trimurti Films Pvt. Ltd., the copyright owner of the 1989 film Tridev, alleging unauthorized use and repurposing of its song Rang De lal (Oye Oye) in the impugned film.Justice Tushar Rao Gedela ordered the parties...

Delhi High Court Issues Notice To Centre On Plea Challenging Health Security and National Security Cess Act

The Delhi High Court on Wednesday issued notice to the Union of India in a challenge to the constitutional validity of the Health Security and National Security Cess Act, 2025, observing that there is prima facie merit in the petitioner's arguments on legislative competence and arbitrariness of the levy.The Division Bench comprising Justice Nitin Wasudeo Sambre and Justice Ajay Digpaul was hearing a writ petition filed by Vinod J. Sharma, wherein the validity of the cess imposed on pan masala...

CAT Delhi Dismisses NCLT Technical Member's Plea Against Appointment Of B.V. B. Das As Acting President

The Central Administrative Tribunal (CAT) at Delhi on Wednesday dismissed a plea by NCLT Technical Member Kaushalendra Kumar Singh challenging the Center's notification appointing Bachu Venkat Balram Das as the acting President of the tribunal, holding that it lacked jurisdiction to entertain the dispute. A bench of Judicial Member R.N. Singh and Administrative Member B. Anand observed, "The post of Technical Member and/or Judicial Member is neither a Civil Post nor the post belongs to All...

LiveLawBiz IBC Weekly Digest: March 30 - April 4

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...

LiveLawBiz: Corporate Legal News Daily Round-Up: April 08, 2026

IBC RCIL Insolvency: Bank Of Baroda Moves Supreme Court Against NCLAT Ruling On ₹195 Crore Reliance Bhutan LoanNCLT Bengaluru Refuses To Examine FEMA Issues In Aakash–Byju's Rights Issue Dispute, Says Outside IBC JurisdictionNCLT Amaravati Bench Admits Insolvency Plea Against Kallam Textiles Over ₹210 Crore DefaultAmounts Deposited Pursuant To Court Orders Remain Assets Of The Corporate Debtor: Bombay High CourtMoratorium Under Section 14 IBC Does Not Protect Personal Guarantors: NCLT...

RCIL Insolvency: Bank Of Baroda Moves Supreme Court Against NCLAT Ruling On ₹195 Crore Reliance Bhutan Loan

Bank of Baroda has approached the Supreme Court in the insolvency of Reliance Communications Infrastructure Ltd (RCIL), questioning an NCLAT ruling that lenders cannot revisit a resolution plan after it has been approved. The dispute centers on a Rs 195 crore Reliance Bhutan Loan and how it is to be distributed among creditors. At the heart of the case is a decision taken by the Committee of Creditors (CoC) to reallocate this loan in favour of dissenting financial creditors. Bank of Baroda had...

NCLT Bengaluru Refuses To Examine FEMA Issues In Aakash–Byju's Rights Issue Dispute, Says Outside IBC Jurisdiction

The Bengaluru bench of the National Company Law Tribunal (NCLT) has refused to examine questions relating to foreign exchange law compliance in a dispute arising from the Aakash Educational Services–Byju's rights issue. It held that such issues fall outside its jurisdiction under the Insolvency and Bankruptcy Code.The order was passed on Tuesday by a bench of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada. It came on an application filed by Aakash Educational...

Exclusion Of EWS/LIG Allottees From Housing Society Violates Articles 14, 21 Of The Constitution: Telangana High Court

The Telangana High Court has held that a housing society that excludes economically weaker sections (EWS) and lower-income group (LIG) allottees is unsustainable in law. It observed that excluding such allottees from access to common facilities is violative of the principle of equality under Article 14 and undermines their right to dignified living under Article 21. Dismissing a writ appeal filed by the Pristine Estates Villa Owners Maintenance Mutually Aided Co-operative Society Limited, the...

Delhi High Court Temporarily Bars Aashirvad Cinemas From Creating Third-Party OTT Rights In 'Drishyam 3'

The Delhi High Court has temporarily restrained Aashirvad Cinemas from creating any third-party OTT rights in the upcoming Mohanlal-starrer Malayalam film tentatively titled “Drishyam 3”, granting interim protection to Amazon Seller Services Pvt. Ltd. in an arbitration dispute. Justice Harish Vaidyanathan Shankar held that Amazon had made out a case for ad-interim relief and barred the producers, till the next hearing, from “creating or otherwise dealing with any third-party rights in respect...

LiveLawBiz: Corporate Legal News Daily Round-Up: April 07, 2026

IBCIBC Amendment 2026 Gets Presidential Assent, Introduces Creditor-Led InsolvencyDelhi High Court Issues Notice On Plea Challenging 'Present and Voting' Framework Under IBCNCLAT Bars Recovery Of Premises Occupied By Future Lifestyle In Kolkata Mall During CIRPNCLT Ahmedabad Rejects Time-Barred Voluntary Insolvency Plea By Personal Guarantor, Flags Attempt To Stall RecoveryNCLT Chandigarh Rejects Omkara ARC's Claim In Vikas WSP CIRP, Holds Creditors Cannot Override IBC TimelinesNCLAT New Delhi...