LiveLawBiz: Business Law Daily Round-Up: February 06, 2026

IBC NCLAT Upholds NCLT Order, Rejects Actor Akshay Kumar's Insolvency Plea Against Cue LearnDelay In Statutory Demand Notice No Ground to Reject Insolvency Plea If Within Limitation: NCLT Mumbai'Prejudice From Delay Ignored': Delhi High Court Cuts Insolvency Professional's Suspension To Period UndergoneNCLT Mumbai Orders ONGC To Release Rs 22.14 Crore Withheld From Dolphin Offshore Over GST Garnishee NoticeIPRDelhi High Court Grants Interim Injunction Against Rogue Websites Misusing 'VIMAL'...

Arbitration Cases Monthly Digest: January 2026

SUPREME COURTAppellate Courts Cannot Disturb Arbitral Awards Merely To Permit A Different View, Supreme Court Reiterates Case Title : Jan De Nul Dredging India Pvt. Ltd. v. Tuticorin Port Trust Case Number : Civil Appeal No. 98 of 2026 Citation: 2026 LLBiz SC 15 The Supreme Court, recently, set aside a Madras High Court order that had deleted compensation awarded to a dredging contractor and reiterated that appellate courts cannot interfere with arbitral awards merely because they prefer a...

BREAKING | NCLAT Upholds NCLT Order, Rejects Actor Akshay Kumar's Insolvency Plea Against Cue Learn

The National Company Law Appellate Tribunal at New Delhi on Friday upheld an NCLT order refusing to start insolvency proceedings against Cue Learn Private Limited over a payment dispute arising from an endorsement deal with actor Akshay Kumar Bhatia. A coram of Judicial Member Justice N. Seshasayee and Technical Member Indevar Pandey agreed that the disagreement between the parties could not be resolved under the Insolvency and Bankruptcy Code. The tribunal said insolvency proceedings...

NCLT Delhi Rejects Jindal Poly Films' Objection, Allows Minority Shareholders' Class Action To Proceed

The National Company Law Tribunal (NCLT) at New Delhi has rejected an objection raised by Jindal Poly Films Limited challenging the maintainability of a class action petition filed by its minority shareholders to move forward. The company had contended that the petition was, in substance, a derivative action seeking relief for the company and was therefore not maintainable as a class action under Section 245 of the Companies Act, 2013. The tribunal ruled that Section 245 of the Companies...

Supreme Court Lets LG Electronics Withdraw Challenge To Rajasthan HC Entry Tax Ruling

The Supreme Court on Wednesday permitted LG Electronics India Pvt. Ltd. to withdraw its Special Leave Petitions challenging a Rajasthan High Court ruling on entry tax, granting it liberty to seek a review before the High Court as the constitutional validity of the provision remains pending. A Bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe recorded the submission that the vires of the provision had not been examined in the proceedings leading to the impugned judgment, since...

BREAKING | Madras High Court Dismisses Actor Vijay's Plea Challenging Rs 1.5 Crore Penalty In Undisclosed Income Case

The Madras High Court on Friday dismissed a plea by actor-turned-politician Vijay challenging a Rs 1.5 crore penalty imposed on him by the Income Tax Department in connection with alleged undisclosed income of Rs 15 crore for the financial year 2015–16.The judgment was pronounced by a single judge, Justice Senthilkumar Ramamoorthy, after reserving the same on January 23, 2026.The court noted that the show cause notice was passed within the time limit prescribed under Section 263 of the Income...

LiveLawBiz: Business Law Daily Round-Up: February 05, 2026

IBC NCLT Kochi Dismisses GST Department's Plea to Include Belated ₹6.06 Crore Claim In SDF Industries InsolvencySupreme Court Records Justice Abhay Oka–Mediated Settlement In Transcon–Anchor Point Insolvency DisputeBank's Appropriation Of Corporate Debtor's Fixed Deposit During CIRP Violates Moratorium: NCLT MumbaiIBC Is Now Being Misused Like Anything": CJI Surya Kant Flags Pre-Planned Auctions and Asset UndervaluationIPRDelhi High Court To Pass Interim Order Protecting Vivek Oberoi's...

Summary Judgment Is 'Exceptional In Nature', Must Be Used With Prudence In Commercial Cases: Delhi High Court

The Delhi High Court has set aside a summary decree passed by a Commercial Court, holding that disputes over rent and consultancy fees could not have been decided without a full trial. A division bench of Justices Anil Kshetarpal and Amit Mahajan said the power of summary judgment under Order XIII-A of the Civil Procedure Code is “exceptional in nature” and must be exercised with prudence. The court said, “The provision does not contemplate dispensation of trial merely because documents...

RERA Cases Monthly Digest: January 2026

Nominal Index Alok Kumar Singh & Ors. v. Intofinity Promoters Private Limited, 2026 LLBiz RERA (MH) 16Anu Gupta v. Estate Officer, PUDA & Anr., 2026 LLBiz RERA (PB) 22Ar Landcraft Llp Ltd. Liability Partnership Thru. its Auth. Sign. v. U.P. Real Estate Appellate Tribunal Thru. its Registrar Lko. & Ors., 2026 LLBiz HC (ALL) 8Authorised Representative of RERA v. M/s Alphabet Infra Pvt. Ltd. @ M/s PRU-RLDA Projects Pvt. Ltd., 2026 LLBiz RERA (BR) 7Baishaki Das & Another Versus...

No Appeal If Commercial Court Refuses To Return Plaint For Lack of Jurisdiction: Karnataka High Court

On 29 January, the Karnataka High Court dismissed an appeal filed by Trinetramilan Product Protection Solutions Pvt. Ltd., a packaging company, ruling that parties cannot immediately challenge a Commercial Court's decision to retain jurisdiction over a dispute. The Division Bench of Chief Justice Vibhu Bakhru and Justice C.M. Poonacha was hearing an appeal filed by Trinetramilan against a suit by Milan Packaging. It held that an appeal under Section 13(1A) of the Commercial Courts Act,...

Supreme Court Records Justice Abhay Oka–Mediated Settlement In Transcon–Anchor Point Insolvency Dispute

The Supreme Court of India has recently recorded a comprehensive settlement between Transcon Skycity Pvt. Ltd. and Anchor Point Developers Pvt. Ltd., bringing to an end a prolonged insolvency dispute arising out of a stalled real estate project. A bench of Justices J.B. Pardiwala and K.V. Viswanathan noted that the mediation conducted by former Supreme Court judge Justice Abhay S. Oka was successful and that a comprehensive mediation report had been submitted and taken on record. “We had...

Supreme Court Issues Notice On Vedanta's Appeal Against Denial Of Interest On Delayed Export Duty Refund

The Supreme Court of India on Monday issued notice in a civil appeal filed by Vedanta Limited challenging a judgment of the Calcutta High Court, which denied interest on a delayed refund of export duty, holding that statutory interest under the Customs Act becomes payable only after a valid refund application is filed. A Bench of Justices Manoj Misra and Manmohan condoned the delay. It directed issuance of notice, returnable in six weeks. The order records: “Delay condoned. Issue notice,...