LiveLawBiz: Corporate Legal News Daily Round-Up: August 05, 2026

IBC NCLAT New Delhi Sets Aside Monte Carlo Insolvency Order After Settlement & Prior Dispute AdmissionNCLT Ahmedabad Rejects Conart Engineers' Insolvency Plea Against Senores Over Pre Existing DisputeIPR Delhi High Court Frames Guidelines To Distinguish 'Mental Acts' From Patentable InventionsBombay High Court Pulls Up Masala Maker For Only Paying 'Lip Service' To Trademark InjunctionDelhi High Court Temporarily Restrains Ahmedabad Project From Using 'ANANTARA' Mark In Minor Hotels SuitDelhi...

LiveLawBiz: Corporate Legal News Daily Round-Up: August 04, 2026

IBC IBC Is Not A Corporate Death Warrant; Resolution Is Its Primary Objective: Justice Sanjeev SachdevaLiquidator Not Entitled To Additional Remuneration For Litigation-Related Delay: NCLT KochiNCLT Admits PNB's ₹294.65 Crore Claim Against TV Vision, Holds OTS Proposals Extend Limitation PeriodNCLAT Sets Aside Liquidator Appointment After NCLT Overlooked CoC's RecommendationIBC Amendment Removing Interim Moratorium For Personal Guarantors Applies To Pending Cases: Bombay High CourtNCLT Ahmedabad...

Xerox's 'Kitting' Of Imported Photocopier Modules Is Not 'Manufacture': Supreme Court Upholds CESTAT Ruling

The Supreme Court has held that Xerox India's practice of grouping, plugging and pinning imported photocopier modules according to customers' requirements, commonly known as "kitting", did not amount to "manufacture" under Section 2(f) of the Central Excise Act, 1944. As no manufacturing activity was found, the company was not liable to pay central excise duty. The court reiterated that a process amounts to manufacture only if it results in a new product with a distinct name, character, and...

Describing ECIR An Administrative Document Cannot Shield It From Judicial Review: Karnataka High Court

The Karnataka High Court on Wednesday ruled that merely describing an Enforcement Case Information Report (ECIR) as an internal or administrative document does not place it beyond judicial scrutiny. It held that an administrative label cannot shield it from review where its continuance causes injustice or frustrates the efficacy of an order passed under the Code of Criminal Procedure."Therefore, the description of an ECIR as an internal or administrative document does not, by itself, erect an...

Mere Denial Can't Rebut Cheque Bounce Presumption, Accused Must Produce Probable Evidence: Supreme Court

The Supreme Court on Tuesday ruled that simply denying liability is not enough to rebut the statutory presumptions available to a complainant in a cheque bounce case. Once the execution of a cheque or the signature on it is admitted, the burden shifts to the accused, who must place probable material on record to show that no legally enforceable debt or liability existed.A Division Bench of Justice B.V. Nagarathna and Justice Ujjal Bhuyan observed,"A bare denial of the passing of any...

Gameskraft Case | Search And Seizure Under PMLA Is Not An Independent Civil Exercise, Consequence Of ECIR: Karnataka High Court

Observing this, the court rejected the Enforcement Directorate's preliminary objection and held that Gameskraft's writ petition challenging the ECIR and consequential freezing orders is maintainable.

Delhi High Court Protects Physics Wallah Founder Alakh Pandey's Personality Rights

The court directed intermediaries to remove specified infringing content misusing Pandey's personality rights but reserved its decision on a YouTube video calling him "Scamwala."

Bankers' Books Evidence Bill Introduced In Parliament To Recognise Digital Bank Records As Evidence

The Centre has proposed replacing the colonial-era Bankers' Books Evidence Act, 1891 with the Bankers' Books Evidence Bill, 2026, which expressly recognises electronic and digital bank records, including those stored on cloud infrastructure, as admissible evidence in legal proceedings. The bill, introduced in the Lok Sabha on Tuesday by Union Finance Minister Nirmala Sitharaman, expands the definition of "bankers' books" to include records maintained in physical form as well as those stored...

Supreme Court Allows Centre To Withdraw SLP Against Vedanta In Rajasthan Oil Block Dispute

The Supreme Court on Wednesday permitted the Union of India to withdraw its special leave petition challenging a Delhi High Court judgment involving Vedanta's Rajasthan oil block after observing that the appeal had become infructuous in view of the subsequent final arbitral award. The dispute concerns the preparation of quarterly profit petroleum accounts under the Production Sharing Contract (PSC) governing the Rajasthan RJ-ON-90/1 oil block. The Delhi High Court on July 11, 2025 had...

Delay Condonation Under NI Act Cannot Be Used To Cure Fatal Defects: Supreme Court

The Supreme Court has ruled that the power to condone delay in taking cognizance of a complaint under the Negotiable Instruments Act cannot be used to cure a complaint suffering from a fatal defect. The court observed that such power cannot be invoked to circumvent the Act by allowing fatal defects to be rectified during the proceedings when the complaint itself deserved dismissal at the threshold.A Division Bench of Justices Manoj Misra and Vijay Bishnoi observed,"No doubt, the Court empowered...

LiveLawBiz Indirect Tax Weekly Round-Up: July 27 - August 02, 2026

SUPREME COURTITC Can Be Denied To Buyer If Supplier Fails To Pay Tax: Supreme Court Upholds S.16(2)(c) Of CGST ActCase Title : Bhandari Scrap Traders v. Union of India & Ors. and connected matters Case Number : SLP (C) No. 23931/2026 and connected matters CITATION : 2026 LLBiz SC 250The Supreme Court has recently upheld the Gujarat High Court's judgment sustaining the constitutional validity of Section 16(2)(c) of the Central Goods and Services Tax Act, 2017. In doing so, it affirmed that...

IBC Is Not A Corporate Death Warrant; Resolution Is Its Primary Objective: Justice Sanjeev Sachdeva

Supreme Court judge Justice Sanjeev Sachdeva on Tuesday said that the Insolvency and Bankruptcy Code should not be viewed as "a corporate death warrant," emphasising that its primary objective is the revival of financially distressed companies through resolution rather than liquidation. Speaking at the launch of IBC Mantra: The Law & Practice of the Insolvency and Bankruptcy Code, authored by Senior Advocate Tarun Gulati and Advocate Kumar Sambhav, Justice Sachdeva said the enactment of the...