Anil Ambani Moves Supreme Court Against Bombay HC Order Allowing Banks To Continue Fraud Classification Proceedings

Industrialist Anil D. Ambani has moved the Supreme Court challenging the Bombay High Court's February 23 judgment that allowed public sector banks to proceed against him on the basis of a 2020 forensic audit report linked to alleged irregularities in loans taken by Reliance Communications group companies.The special leave petition challenges the Division Bench order, which set aside an earlier interim relief granted to Ambani and permitted Bank of Baroda, IDBI Bank, and Indian Overseas Bank to...

State Cannot Appoint Arbitrator Under Maharashtra Municipal Councils Act Without Arbitration Agreement: Supreme Court

The Supreme Court on Tuesday dismissed a special leave petition filed by Bharat Udyog Ltd, holding that the State Government had no authority under Section 143-A(3) of the Maharashtra Municipal Councils, Nagar Panchayats and Industrial Townships Act, 1965, which deals with issuance of policy directions regarding the levy and collection of octroi, to appoint an arbitrator between a Municipal Council and its agent.The court held that the government's exercise of such power could not be equated...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 24, 2026

COMPETITION LAW CCI Finds No Abuse Of Dominance By Google In Termination Of Developer's Play Store AccountsIBC NCLAT Refuses To Stay Adani's Rs 15,000 Cr Resolution Plan For JAL on Vedanta's ChallengeAfter NCLAT Member Recuses Over 'Higher Judiciary' Influence, Tribunal Sets Aside CIRP Order, Imposes ₹10 Lakh CostNCLT Hyderabad Admits Insolvency Plea Against Personal Guarantor, Says Stamp Duty Defect On Guarantee No BarCIRP Must Remain Confined To Single Project, Cannot Affect Other Projects:...

CCI Finds No Abuse Of Dominance By Google In Termination Of Developer's Play Store Accounts

The Competition Commission of India on Tuesday closed an abuse of dominance complaint against Google India Pvt. Ltd. over termination of a developer's Play Store accounts and alleged denial of market access, finding no prima facie contravention of Section 4 of the Competition Act.A coram of Chairperson Ravneet Kaur, Members Anil Agrawal, Sweta Kakkad and Deepak Anurag passed the order. "the Commission finds that no prima facie case of contravention of the provisions of Section 4 of the Act is...

Supreme Court Refuses To Interfere In Harpic-Spic Bottle Dispute Between Reckitt And Godrej

The Supreme Court on Monday refused to interfere in the Harpic toilet cleaner bottle disparagement and trademark dispute between Reckitt Benckiser (India) Pvt Ltd and Godrej Consumer Products Ltd, noting that the Calcutta High Court had clarified that its observations while setting aside an injunction were only prima facie and that the matter would be decided finally after completion of pleadings. A bench of Justices Sanjay Kumar and K. Vinod Chandran disposed of the special leave petitions...

ITAT Mumbai Asks Shilpa Shetty To Prove ₹12.54 Crore Gift From Husband, Remands Case To Assessing Officer

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently asked actor Shilpa Shetty Kundra to submit “complete details/clarifications and documents” to justify a Rs 12.54-crore gift received from her husband Raj Kundra, while remanding the matter to the Jurisdictional Assessing Officer for fresh examination under Section 68 of the Income Tax Act, 1961. Judicial Member Narender Kumar Choudhry and Accountant Member Prabhash Shankar said the material on record was not sufficient to...

NCLAT Refuses To Stay Adani's Rs 15,000 Cr Resolution Plan For JAL on Vedanta's Challenge

The National Company Law Appellate Tribunal (NCLAT), Delhi, on Tuesday refused to stay the implementation of Adani's ₹15,000-crore resolution plan for Jaiprakash Associates Limited (JAL) while hearing a plea by the Vedanta Group challenging the approval of the plan by the Allahabad Bench of the National Company Law Tribunal (NCLT). The bench of Chairperson Justice Ashok Bhushan and Technical Member Barun Mitra said that “the implementation of the resolution plan shall go on, however, the action...

Mohanlal Withdraws Plea For Interim Relief In Personality Rights Suit Before Delhi High Court

The Delhi High Court on Monday allowed Malayalam actor Mohanlal Viswanathan Nair to withdraw his application seeking an interim injunction in a personality rights suit, after the court indicated that the plea lacked the necessary specificity to enable enforceable takedown directions against intermediaries such as Meta and Google. A single bench of Justice Jyoti Singh permitted the withdrawal with liberty to file a fresh application containing detailed particulars, including a defendant-wise...

Bombay High Court Allows Raj Kundra's Company To Challenge UK Anti-Suit Injunction In Rajasthan Royals Dispute

The Bombay High Court on Monday granted leave under Clause XII of the Letters Patent to Kuki Investments Limited, a company owned by Raj Kundra, to institute a suit challenging an anti-suit injunction passed by the High Court of England and Wales in a dispute relating to the affairs of IPL franchise Rajasthan Royals. Allowing the petition seeking permission to file the suit against Emerging Media Ventures Ltd. and others, Justice Abhay Ahuja observed that the court was satisfied that grounds...

Delhi High Court Orders Takedown Of 'Defamatory, Obscene' Online Content Targeting Acharya Balkrishna

The Delhi High Court on Tuesday passed an interim order directing removal of specific online content targeting Patanjali Ayurved Co-Founder Acharya Balkrishna after observing that several links appeared to be “defamatory,” “obscene,” and “vulgar” and prima facie infringed his personality rights. During today's hearing, Justice Tushar Rao Gedela examined an abridged 18-page compilation of URLs submitted by the plaintiff and clarified that while satire and parody are protected forms of speech,...

Corporate Laws (Amendment) Bill 2026: Govt Proposes Decriminalising Minor Comapanies Act Defaults, CSR Changes

The Corporate Laws (Amendment) Bill, 2026, was introduced in the Lok Sabha on Monday, proposing changes to the Companies Act, 2013, and the Limited Liability Partnership Act, 2008, that would remove criminal liability for several procedural violations, revise penalty provisions, and give wider statutory powers to regulators. One of the central proposals in the bill is to move a number of compliance-related offenses out of the criminal framework. At present, certain technical defaults can lead...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 23, 2026

IBC Supreme Court Rejects Recall Plea In Disposed SLP, Says Court Cannot Compare Rival Offers Before CoC Under IBCNCLAT Sets Aside NCLT Order, Holds Insolvency Plea By Sole Proprietorship Maintainable Against Birla JewelsNCLT Indore Rejects Suspended Management Plea To Join GEI Power Resolution Plan Approval ProceedingsLiquidation Can Be Recalled Using Inherent Powers Where Debt Is Settled: NCLT HyderabadMoratorium Doesn't Extinguish The Criminal Liability In Terms Of 32A When The Plan Is Not...