LiveLawBiz: Corporate Legal News Daily Round-Up: June 25, 2026

PMLA Actor Jacqueline Fernandez Withdraws Plea In Supreme Court Against Framing Of Charges In ₹200 Crore PMLA CaseJharkhand HC Refuses Discharge In ₹94.42 Lakh Bokaro Tender-Linked PMLA Case, Finds Prima Facie MaterialBANKING/NBFC Explained: Five Defences Nirav Modi Raised In Bank of India Personal Guarantee Case And Why London Court Rejected ThemCOMPANY LAW Delhi High Court Stays Non-Bailable Warrants Against Venugopal Dhoot In Alleged Share Deal Fraud CaseIBC Supreme Court Allows Shareholder...

Delhi High Court Stays Non-Bailable Warrants Against Venugopal Dhoot In Alleged Share Deal Fraud Case

The Delhi High Court has stayed the execution of non-bailable warrants (NBWs) issued against Videocon Group founder Venugopal N. Dhoot in a cheating case over the alleged fraudulent sale of shares of Tirupati Ceramics Ltd. The warrants had been issued by a Delhi trial court after it found that Dhoot had repeatedly failed to appear before it despite being permitted to join the proceedings through video conferencing.The relief came after he undertook to appear before the trial court through video...

Supreme Court Allows Shareholder To Approach NCLAT Chairperson After Split Verdict On Stay Of India Power's CIRP

The Supreme Court on Wednesday allowed India Power Corporation Ltd.'s shareholder Pragya Jhunjhunwala to approach the National Company Law Appellate Tribunal (NCLAT) Chairperson for consideration of a reference arising from a split verdict on applications seeking an interim stay of the company's admission into insolvency proceedings. A vacation bench of Justices B.V. Nagarathna and Joymalya Bagchi disposed of the special leave petition. It reserved liberty to Jhunjhunwala to request the NCLAT...

Virtual Office Spaces Treated As Intangible Property, Fall Outside RERA's Scope: Uttar Pradesh REAT

The Uttar Pradesh Real Estate Appellate Tribunal has held that non-lockable or virtual office spaces fall outside the ambit of the Real Estate (Regulation and Development) Act, 2016. It ruled that the law governs physical real estate units and does not cover such intangible investment interests. The tribunal consequently set aside U.P. RERA's directions requiring Bhutani Group to execute conveyance deeds, hand over possession and pay delay interest. The ruling was delivered by a tribunal...

Explained: Five Defences Nirav Modi Raised In Bank of India Personal Guarantee Case And Why London Court Rejected Them

A court in London has held fugitive diamantaire Nirav Modi personally liable under a personal guarantee executed in favour of Bank of India. In doing so, it rejected five principal defenses raised by him and directed him to pay USD 4,105,189.34 together with contractual interest to the Bank. Deputy High Court Judge Simon Tinkler of the High Court of Justice, Business and Property Courts of England and Wales, delivered the judgment making Modi liable for over Rs 100 crore in personal guarntee...

Actor Jacqueline Fernandez Withdraws Plea In Supreme Court Against Framing Of Charges In ₹200 Crore PMLA Case

The Supreme Court on Thursday permitted actor Jacqueline Fernandez to withdraw her special leave petition challenging the order of the Special PMLA Court at Patiala House Courts. On May 30, 2026, the court had framed charges against her in the money laundering case arising out of the alleged ₹200 crore extortion racket involving alleged conman Sukesh Chandrasekhar. A vacation bench of Justices B.V. Nagarathna and Joymalya Bagchi allowed the plea to be withdrawn. This came after counsel...

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

IBC GST Compliance Services During CIRP Qualify As IRP Costs, But Fees Must Be Reasonable: NCLT KolkataNCLT Allahabad Clears GSW Enterprises' ₹95 Crore Resolution Plan For Hind Agro IndustriesNCLT Ahmedabad Orders Return Of 150 Leased EVs In Gensol EV Lease's InsolvencyNCLT Ahmedabad Refuses To Reverse Debtor's Transfer As Preferential Transaction, Says It Was Bank's Unilateral ActIPR Trademark, Not Copyright Dispute: Bombay High Court Quashes FIR Over Fake Zara and Calvin Klein...

IT Department Moves Supreme Court Against Delhi HC Order Quashing Reassessment Notices Against NDTV Founders

The Income Tax Department has challenged a Delhi High Court ruling that quashed reassessment proceedings against NDTV founders Dr. Prannoy Roy and Radhika Roy over interest-free loans received from RRPR Holdings Pvt. Ltd. The loans included about ₹21 crore advanced to Prannoy Roy and about ₹71 crore advanced to Radhika Roy.The Special Leave Petition is likely to be heard by a vacation bench of Justices R. Mahadevan and Alok Aradhe on June 30, 2026.The High Court judgment delivered by a Division...

Madras High Court Stays Release Of Dileep-Starrer 'Neekkam' Over Financial Dispute

The Madras High Court has restrained the release, distribution, and exhibition of the Malayalam film 'Neekkam', starring Dileep and directed by Jagan Shaji Kailas. The temporary order came on a plea filed by A.V. Anoop, proprietor of AVA Productions, who claimed a contractual charge over the film after alleging that its producer had failed to repay advances extended under earlier production agreements.Justice K. Kumaresh Babu granted ad-interim protection to AVA Productions. The court also...

Delhi High Court Issues Notice On Plea Seeking Extension Of GSTAT Appeal Deadline, Refuses Interim Relief

The Delhi High Court on Wednesday issued notice on a plea filed by the GST Appellate Tribunal (GSTAT) Bar Association, Delhi, challenging the June 30, 2026 deadline for filing appeals before the GSTAT in respect of orders communicated prior to April 1, 2026 and seeking extension of the filing period by at least three months from June 15, 2026, when the e-filing procedure was formally explained to stakeholders.However, the court declined to grant any interim relief at this stage. A vacation bench...

Mumbai Court Sends Former RCFL CEO Devang Mody To CBI Custody In ₹7,623 Crore Bank Fraud Probe

A Special CBI Court in Mumbai on Tuesday remanded former Reliance Commercial Finance Ltd (RCFL) Chief Executive Officer and Director Devang Pravin Mody to CBI custody till June 25, 2026. The remand was granted in connection with the CBI's probe into an alleged ₹7,623 crore bank fraud involving Reliance ADA Group companies RCFL and Reliance Home Finance Ltd (RHFL). The case pertains to alleged irregularities in loans extended by a consortium of 31 banks and financial institutions to the group...

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

IBC Dues Arising From TReDS Transactions Are Operational Debt, Not Financial Debt: NCLT JaipurIBC Approval Does Not Auto-Delete ROC Charges, Companies Act Procedure Must Be Followed: NCLT JaipurDeveloper's Insolvency Cannot Block Housing Society's Bid For Conveyance Of Land And Building: Bombay High CourtTAX Property Investment Can't Be Taxed As Unexplained Income In Later Year If Paid Earlier: ITAT AhmedabadAdditional Evidence On Foreign Remittances Must Be Examined If It Goes To Root Of...