Courts Can Refuse To Appoint Arbitrator In Rare Cases Where No Arbitration Agreement Exists: Supreme Court

The Supreme Court on Thursday held that courts may refuse to refer parties to arbitration at the Section 11 stage in the rarest of rare cases where, even on a prima facie view, no arbitration agreement exists, carving out a narrow exception to the principle of minimal judicial interference. Clarifying that judicial scrutiny at the stage of appointing arbitrators is otherwise limited to examining the prima facie existence of an arbitration agreement and that courts should follow the principle of...

LiveLawBiz: Corporate Legal News Daily Round-Up: April 09, 2026

IBC NCLT Mumbai Dismisses Insolvency Plea Against Eros Over 'English Vinglish,' 'Ki And Ka' Profit-Sharing DisputeLoss-Making Companies Can Pay Shareholders During Capital Reduction: NCLT ChennaiMulti-State Co-Operative Societies Can Bid In CIRP Only If Bye-Laws Allow, Is In Same Line Of Business: Supreme CourtCoC-Approved Resolution Plan Can Be Rejected If It Violates IBC: NCLT KochiPart Payment Of Debt After Filing CIRP Plea Won't Affect IBC Threshold: NCLT MumbaiDispatch Of Statutory Demand...

Bombay High Court Quashes ₹1116 Crore MMRDA Demand Against Reliance Industries Over BKC Project Delay

In a major relief to Reliance Industries Limited, the Bombay High Court on Wednesday quashed a 2017 show-cause-cum-demand notice and a subsequent 2019 demand of Rs 1,116 crore raised by the Mumbai Metropolitan Region Development Authority (MMRDA) as additional premium for an alleged delay in completing its Bandra Kurla Complex project, calling the action arbitrary and high handed. A Division Bench of Chief Justice Shree Chandrashekhar and Justice Suman Shyam held that the demand was not...

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...