LiveLawBiz RERA Monthly Digest: February 2026

Nominal IndexRalas and Chopda Builders & Ors. v. Jeevan Vihar Residents Welfare Society, 2026 LLBiz HC (CHH) 4The State of Himachal Pradesh & Ors. v. Naresh Sharma, 2026 LLBiz SC 61The Madhya Pradesh Real Estate Regulatory Authority v. M/s Malwa Vanaspati and Chemicals Co. Ltd. & Anr., 2026 LLBiz SC 80Embassy One Developers Pvt. Ltd. v. State of Karnataka & Ors., 2026 LLBiz HC (KAR) 19MP Real Estate Regulatory Authority v. Briddhi Real Estate Pvt. Ltd. and Others, 2026 LLBiz HC...

LiveLawBiz IBC Monthly Digest: February 2026

SUPREME COURTSingle Insolvency Petition Against Intrinsically Linked Real Estate Companies Maintainable: Supreme CourtCase Title : Satinder Singh Bhasin v. Col Gautam Mullick and Ors Case Number : Civil Appeal No.13628 of 2025 CITATION : 2026 LLBiz SC 37The Supreme Court on Monday upheld insolvency proceedings against two closely linked real estate companies, holding that a single insolvency petition can be maintained against multiple corporate entities under the...

LiveLawBiz Direct Tax Monthly Digest: February 2026

SUPREME COURTSupreme Court Dismisses Revenue Plea Against Gujarat HC Order Quashing Adani Wilmar Income Tax ReassessmentCase Title : THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1(1)(1) Vs ADANI WILMAR LIMITED Case Number : SLP(C) 4944/2026 CITATION : 2026 LLBiz SC 35The Supreme Court on Monday refused to interfere with a Gujarat High Court judgment that had quashed the reopening of Adani Wilmar Limited's income tax assessment for the 2013–14 assessment year, dismissing a special leave...

Supreme Court Refuses To Interfere With Bombay High Court Ruling In Vedanta–Sunflag LAM Coke Arbitration Dispute

The Supreme Court recently declined to interfere with a judgment of the Bombay High Court dismissing Vedanta Ltd's writ petition challenging an arbitral order in its dispute with Sunflag Iron & Steel Co. Ltd over the purchase and supply of LAM Coke. The court also imposed costs of Rs 5 lakh on the company. A Bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe dismissed Vedanta's special leave petition, observing: “We are not inclined to interfere with the impugned judgment and...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 02, 2026

IBC Winding Up Petitions Transferred From High Court To NCLT Cannot Be Admitted Mechanically: NCLATNCLAT Holds Section 198 Cannot Be Used To Extend IBC Appeal Deadline, Rejects IBBI's 103-Day DelayIBBI Suspends Byju's Former Resolution Professional Pankaj Srivastava For Three YearsIBC Proceedings Cannot Become Evidentiary Trial: NCLT Kochi Refuses To Summon Corporate Debtor's LessorIPR Delhi High Court Grants Interim Injunction To GSK Against Zee Laboratories In 'PHEXIN'-'FEXIT' Trademark...

SEBI Imposes ₹29 Lakh Penalty on Café Coffee Day Parent, Directors and Senior Officials Over Disclosure Failures

The Securities and Exchange Board of India (SEBI) on Monday imposed penalties totalling Rs 29 lakh on Coffee Day Enterprises Ltd., the parent company behind once popular coffee chain Café Coffee Day, and its directors and former senior officials. The penalty was for failing to recognise Rs 489.49 crore in interest expenses on borrowings in its financial statements over multiple years. SEBI Adjudicating Officer Amit Kapoor held that anticipated settlements with lenders could not justify...

Delhi Court Orders Akasa Air Operator to Pay ₹1.08 Crore To Travel Agency Over Cancellation Of 2023–24 Festive Bookings

The Commercial Court at Saket, New Delhi, has decreed a suit filed by Delhi-based ABS Tour & Travels against SNV Aviation Pvt. Ltd., which operates Akasa Air, holding that the unilateral cancellation of bulk bookings for the Christmas–New Year 2023–24 travel period amounted to breach of contract. Presiding Officer Lalit Kumar held that the cancellation deprived the agency of a real and foreseeable commercial opportunity to earn profits during the peak festive season and awarded Rs...

Winding Up Petitions Transferred From High Court To NCLT Cannot Be Admitted Mechanically: NCLAT

The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that a winding up petition transferred from a High Court to the National Company Law Tribunal under the Insolvency and Bankruptcy Code cannot be admitted mechanically. Even if the High Court had already admitted the winding up petition, the NCLT must independently examine whether the requirements for admission under Section 9 of the Code are satisfied. A bench of Chairperson Justice Ashok Bhushan and Technical...

Indirect Tax Weekly Round-Up: February 23 - March 01, 2026

SUPREME COURTCBIC's 2024 Policy Barring Govt Appeals Below ₹2 Crore Covers Pending Cases, Not Merely Future Filings: Supreme CourtCase Title : COMMISSIONER OF COMMERCIAL TAX . & ORS. VS VIKARAM CEMENT Case Number : Civil Appeal No(s). 710/2012 CITATION : 2026 LLBiz SC 82Holding that the Centre's 2024 litigation policy applies even to pending appeals, the Supreme Court on February 5, 2026 dismissed appeals filed by the Commissioner of Commercial Tax against Vikaram Cement, ruling that the...

Direct Tax Weekly Round-Up: February 23 - March 01, 2026

SUPREME COURTSupreme Court Dismisses Revenue SLP Against Bombay HC Ruling On Tax Assessments Of Merged Reliance EntitiesCase Title : DEPUTY COMMISSIONER OF INCOME TAX 3 VS M/S RELIANCE INDUSTRIES LTD Case Number : Special Leave to Appeal (C) No(s). 7819/2026 CITATION : 2026 LLBiz SC 92The Supreme Court recently declined to entertain the Income Tax Department's Special Leave Petition against a Bombay High Court judgment that had quashed assessment orders passed in the names of Reliance...

Supreme Court Directs SEBI Recovery Officers To Decide 106 PACL Property Attachment Objections

The Supreme Court has recently directed that 106 applications challenging the attachment of properties linked to PACL Ltd. be examined by Recovery Officers under Section 28A of the SEBI Act. A bench of Justice Pamidighantam Sri Narasimha and Justice Atul S. Chandurkar was dealing with a batch of interlocutory applications filed by individuals and companies against the recommendations of Justice Retd. R.S. Virk, who had recommended dismissal of their objections. Justice Virk had been...

Supreme Court Dismisses SpiceJet Challenge To ₹144.51 Crore Deposit Order In Dispute With Kalanithi Maran

Calling it “an abuse of the process,” the Supreme Court on Friday refused to interfere with a Delhi High Court order directing SpiceJet Limited and its Chairman Ajay Singh to deposit Rs 144,51,69,887 in their long-running arbitration dispute with former promoter Kalanithi Maran and Kal Airways Pvt. Ltd. Dismissing the Special Leave Petitions with costs of Rs 1 lakh, the bench of Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe observed, “We are not inclined to interfere with the...