LiveLawBiz: Corporate Legal News Daily Round-Up: July 29, 2026

IBC One Workman Cannot Represent Others In IBC Proceedings Without Authorisation: NCLT KochiSubsequent Shareholding Changes Cannot Retrospectively Cleanse Related-Party Status: NCLT ChandigarhNCLT Ahmedabad Rejects Insolvency Plea Against Manpasand Beverages Over Time-Barred ₹34.40 Cr ClaimNCLT Ahmedabad Rejects Machino Polymers' Plea To Revise Claim In Sintex-BAPL Ltd Insolvency CaseIPR Letters Patent Appeal Not Maintainable Against Single Judge's Order Under Trade Marks Act: Gujarat High...

Supreme Court Dismisses Lilavati Trust's ₹2,500 Crore Plea For Damages Against Ex-Trustee, Ex-Mumbai Police Chief

The Supreme Court has recently dismissed a writ petition filed by the Lilavati Kirtilal Mehta Medical Trust seeking ₹2,500 crore in punitive and exemplary damages against its former permanent trustee Rajesh Mehta and former Mumbai Police Commissioner Param Bir Hoshiyar Singh, a former executive director of Lilavati Hospital and Research Centre.The trust accused the two of unauthorised access, retention and dissemination of confidential records of Lilavati Hospital and Research Centre. It also...

Supreme Court Stays SFIO Proceedings Against Vivo India

The court also issued notice on Vivo India's plea challenging the Punjab & Haryana High Court ruling that denied a mandatory pre-cognizance hearing under the BNSS in an SFIO prosecution

Supreme Court Issues Notice On Ex-Congress MLA Rajendra Bharti's Plea To Stay Conviction In Bank Fraud Case

The Supreme Court on Wednesday issued notice on an appeal filed by former Congress MLA Rajendra Bharti against the Delhi High Court's ruling refusing to stay his conviction in the Gram Vikas Bank fraud case. Bharti was sentenced to three years' imprisonment for conspiracy, cheating, and forgery over the fraudulent extension of a fixed deposit.A bench of Justices Vikram Nath and Sandeep Mehta issued notice and posted the matter for hearing after 4 weeks.In its July 10 judgment, the High...

Delhi High Court To Order Takedown Of Content Infringing Yuvraj Singh's Personality Rights

The Delhi High Court has indicated it will pass an interim order directing takedown of content infringing cricketer Yuvraj Singh's personality rights, while giving uploaders 48 hours to remove the material before intermediaries are asked to step in.Justice Jyoti Singh was hearing a suit filed by Yuvraj Singh on Wednesday seeking protection of his personality rights.Counsel for the cricketer took the Court through a list of infringing links as they stood the previous day, stating that two of them...

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

IBC KSEB Cannot Demand Previous Owner's Power Dues From Auction Purchaser: Kerala High CourtNCLT Chennai Admits Insolvency Plea Against Pradhin Limited Over ₹12.98 Crore DefaultNCLT Ahmedabad Holds Consortium Lender Cannot Defeat Co-Creditor's Charge, Rejects SBI's Mortgage ReleaseSeparate Corporate Debtors' Defaults Cannot Be Combined To Meet ₹1 Crore IBC Threshold: NCLT MumbaiIPR Trade Marks Registry Cannot Remove Trademark Without Mandatory Notice: Kerala High CourtDelhi High Court...

Delhi High Court Orders Winding Up of Paytm Payments Bank On RBI Plea

The Delhi High Court has recently ordered the winding up of Paytm Payments Bank Ltd on a petition filed by the Reserve Bank of India (RBI) under Sections 38 and 39 of the Banking Regulation Act, 1949. The bank had decided not to oppose the regulator's action.Justice Anish Dayal accepted the RBI's plea for winding up the company and appointed Girikumar M. Nair as the Official Liquidator."The prayer of the RBI seeking winding up of the company under Section 38 read with Section 39 of the Banking...

Supreme Court Refuses To Interfere With Calcutta HC Order On IIBI's ₹221 Crore Preference Share Redemption

The Supreme Court on Monday dismissed special leave petitions filed by investor Persis A. Khambatta, refusing to interfere with the Calcutta High Court's judgment upholding a resolution of Industrial Investment Bank of India Ltd (IIBI), which is in voluntary liquidation. The resolution provides for redemption of ₹221.08 crore worth of redeemable cumulative preference shares at 20% of their principal paid-up capital in full and final settlement.A Bench of Justices Vikram Nath and Sandeep Mehta...

ITC Can Be Denied To Buyer If Supplier Fails To Pay Tax: Supreme Court Upholds S.16(2)(c) Of CGST Act

The 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 a registered purchaser cannot claim Input Tax Credit (ITC) unless the supplier has actually paid the tax charged on the underlying supply to the government.Upholding the High Court's judgment, the court observed, "High Court was fully justified in holding that no grounds were made out to...

Supreme Court Asks NCLAT To Expedite Appeal Against CCI's Rejection Of Antitrust Complaint Against AVEVA

The Supreme Court on Tuesday requested the National Company Law Appellate Tribunal (NCLAT) to expeditiously hear the competition appeal filed by CT Infotech India Pvt. Ltd founder Velusamy Karuppannan against the Competition Commission of India's dismissal of his complaint alleging anti competitive conduct by British software company, AVEVA Group Ltd.The case arises from an appeal filed by Karuppannan challenging an order of the NCLAT of 27 May 2026 by which his application seeking expeditious...

Supreme Court Reserves Orders In Punjab Minister Sanjeev Arora's Bail Plea On Medical grounds In PMLA Case

The Supreme Court on Tuesday reserved orders on the plea filed by Punjab Minister and Aam Aadmi Party (AAP) MLA Sanjeev Arora. He has sought bail on medical grounds and permission to undergo treatment at Fortis Hospital, Gurugram or Medanta Hospital, Gurugram instead of AIIMS, New Delhi, in a money laundering case investigated by the Directorate of Enforcement.The court had, on July 20, directed that Arora be shifted from Fortis Hospital, Gurugram, to the All India Institute of Medical Sciences...

Supreme Court Refuses Bail To Former Reliance Power CFO Ashok Pal In ₹68.20 Crore PMLA Case

The Supreme Court on Tuesday refused to grant bail to former Reliance Power Chief Financial Officer Ashok Pal in a ₹68.20 crore money laundering case. The case arises from the alleged submission of forged bank guarantees for a Solar Energy Corporation of India (SECI) battery energy storage project. A bench of Justice B.V. Nagarathna and Justice R. Mahadevan, however, granted Pal liberty to seek regular bail after charges are framed by the trial court. The Delhi High Court had earlier declined...