LiveLawBiz Direct Tax Weekly Round-Up: September 28 - October 04, 2026

SUPREME COURTTax On Employee Seconded From Us To India: Ernst & Young Challenges Delhi High Court Ruling In Supreme CourtErnst & Young US LLP has approached the Supreme Court challenging a Delhi High Court ruling which held that payments received in connection with employees sent from the US to work with Indian entities were taxable as Fees for Technical Services (FTS). The dispute concerns whether the amounts received by the US entity were merely reimbursement of salaries and other...

LiveLawBiz: Corporate Legal News Daily Round-Up: October 06, 2026

IBCNCLT Delhi Rejects Cine Corp Filmdom's Resolution Plan For Stargaze Entertainment, Orders LiquidationDenying Director Access To Records, Forcing Undervalued Sale Of Shares Is Oppression: NCLT KolkataValuable Contractual Rights Can Justify Restoration Of Struck-Off Company: NCLT MumbaiSupertech North Eye Homebuyers Move NCLAT Against NBCC Over Delay In 16 ProjectsPersonal Guarantor Not Discharged Where Original Guarantee Expressly Covered Restructuring: NCLT DelhiDEL Status Cannot Continue For...

Popular Finance Scam: NCLT Kochi Orders Winding Up Of 14 Group Entities

The National Company Law Tribunal at Kochi on Tuesday ordered the winding up of several companies and limited liability partnerships forming part of the Popular Finance Group in winding up proceedings initiated by the Union of India through the Serious Fraud Investigation Office (SFIO).A coram of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy passed the order. The Tribunal also appointed the Official Liquidator as the Company Liquidator to take further steps in accordance...

LiveLawBiz IBC Weekly Digest: September 28 - October 3, 2026

SUPREME COURTCan NCLT Allow Withdrawal Of CoC-Approved Resolution Plan? Supreme Court Reserves VerdictCase Title : BANK OF INDIA VS. S.M KAMAL PASHA Case Number : DIARY NO. - 37619/2026The Supreme Court on Wednesday reserved its judgment on whether the National Company Law Tribunal can permit withdrawal of an application seeking approval of a resolution plan after the Committee of Creditors has approved the plan and submitted it to the Adjudicating Authority A Bench of Justices J.B. Pardiwala...

Supreme Court Issues Notice On ED Plea Against Bail To Ex-Best Foods MD In ₹1,740 Cr PMLA Case

The Supreme Court on Tuesday issued notice on the Enforcement Directorate's plea challenging the Delhi High Court order granting bail to Dinesh Gupta, former Managing Director of Best Foods Ltd.The case concerns alleged diversion and siphoning off of loan funds obtained from a consortium of banks led by the State Bank of India, resulting in an outstanding liability of about ₹1,740.30 crore. The ED alleges that Gupta while in control of Best Foods and related entities, diverted the loan funds...

LiveLawBiz RERA Cases Weekly Digest: September 28 - October 3, 2026

NOMINAL INDEXAntriksh Developers and Promoters Pvt. Ltd. Thru. Authorized Signatory Sarafaraz Ahmad v. Shyam Sundar Agarwal, 2026 LLBiz HC(ALL) 82Sanklecha Constructions Pvt. Ltd. & Ors. v. Nitin Madhukar Shewale & Ors., 2026 LLBiz HC (BOM) 537Casa Grande Garden City Builders Pvt. Ltd. v. Virupakshappa Irappa Bagewadi & Anr., connected with Virupakshappa Irappa Bagewadi v. Karnataka RERA & Anr., 2026 LLBiz REAT (KA) 74Rajasthan Housing Board v. Anil Kumar Tak & Connected...

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

IBCPending Suit Against Company Under Liquidation Requires NCLT Leave To Proceed: Patna High CourtShareholder Is Not An “Aggrieved Person” To Challenge Resolution Plan Approval Under IBC: NCLAT Cites Park EnergyRemoval Of Promoter-Director In Quasi-Partnership Company Can Amount To Oppression: NCLT MumbaiOrissa High Court Quashes Air Pollution Case Against Tata Steel Over Bhushan Steel's Pre-CIRP OffencesResignation As Director Does Not Extinguish Personal Guarantee Liability: NCLT IndoreRelated...

Tax Classification Depends On Form Of Goods At Sale, Not End Use: Supreme Court

The Supreme Court has held that a product must be classified for tax purposes in the form in which it is sold, rather than on the basis of what a consumer may later turn it into.“The tax authorities are bound to look at what is supplied and not at what is the 'end use' of the good,” a Bench of Justice Manmohan and Justice Arun Palli observed while dismissing the Madhya Pradesh Commercial Tax Department's appeals over the classification of Cadila Health Care Ltd.'s 'GRD Powder' and 'GRD Mix'."The...

LiveLawBiz RERA Cases Quarterly Digest: July- September 2026

HIGH COURTSKerala High CourtRERA Cannot Decide Complaint On Merits Before Numbering, Hearing: Kerala High CourtCase Title: Renney Geo Varghese v. The Kerala Real Estate Regulatory Authority (K-RERA) & Ors.; Sindhu M. Poduval v. The Kerala Real Estate Regulatory Authority (K-RERA) & OrsCase Number : WP(C) No. 24034 of 2026 & WP(C) No. 24977 of 2026Citation : 2026 LLBiz HC(KER) 163The Kerala High Court has ruled that the Kerala Real Estate Regulatory Authority cannot...

Pancard Clubs Case: Supreme Court Appoints Justice Sudhanshu Dhulia-Led Committee To Auction Properties

The Supreme Court has designated a committee headed by former Supreme Court judge Justice Sudhanshu Dhulia as the Asset Sale Committee to oversee the auction of properties of Pancard Clubs Ltd (PCL) and facilitate recovery for investors. The Court noted that, according to SEBI, PCL owes ₹7,035 crore to its investors following allegations of fraudulent fund mobilisation through an unregistered Collective Investment Scheme. A division bench of Justices J.B. Pardiwala and K.V. Viswanathan...

LiveLawBiz IPR Quarterly Digest: July- September 2026

JULY, 2026SUPREME COURTSupreme Court Appoints Amicus Curiae In Patent Case Over Human-AI Integration TechnologyCase Title: Caleb Suresh Motupalli v. Controller Of PatentsCase Number: SPECIAL LEAVE PETITION (CIVIL) Diary No(s). 20319/2026The Supreme Court has appointed Senior Advocate Swathi Sukumar as Amicus Curiae in a patent dispute concerning an invention that claims to enhance human capabilities by integrating them with artificial intelligence. The inventor describes the technology as...

LiveLawBiz Company Law Quarterly Digest: July- September 2026

SUPREME COURTNSEL Moves Supreme Court Against HC Order Refusing Joint Trial In CBI Cases Over Alleged Payment CrisisNational Spot Exchange Ltd (NSEL) has moved the Supreme Court challenging the Bombay High Court's March 27, 2026 judgment refusing to direct a joint trial in two CBI cases arising out of the alleged NSEL payment crisis.Case Title : National Spot Exchange Limited vs The Central Bureau of Investigation Bank Securities and Fraud Cell Case Number : Diary No. 37177 of 2026Supreme...