Delhi High Court Rejects SpiceJet Plea To Substitute ₹144.51 Crore Deposit With Property In Dispute With Kalanithi Maran

The Delhi High Court has recently rejected a plea by SpiceJet Ltd. seeking to substitute the court-directed cash deposit of Rs. 144.51 crore with security in the form of a Gurugram property owned by the airline, holding that the request was an abuse of process as similar grounds had already been raised before the Supreme Court and rejected. Justice Subramonium Prasad passed the order while dealing with applications seeking modification of directions issued on January 19, 2026, by which the...

LiveLawBiz IBC Weekly Digest: March 15 To March 21

SUPREME COURT Supreme Court Allows Set-Off Defence Against Ujaas Energy Though Counterclaim Extinguished Under IBCCase Title : UJAAS ENERGY LTD vs WEST BENGAL POWER DEVELOPMENT CORPORATION LTD. Case Number : SLP (C) 29651 OF 2024 CITATION : 2026 LLBiz SC 122The Supreme Court on Friday allowed West Bengal Power Development Corporation Ltd. to raise a plea of set-off as a defence in arbitration proceedings against Ujaas Energy Ltd., even though its counterclaim...

LiveLawBiz Arbitration Weekly Digest: March 15 - March 21, 2026

NOMINAL INDEXUjaas Energy LTD. v. West Bengal Power Development Corporation LTD., 2026 LLBiz SC 122 State of Goa, Rep. By Executive Engineer, Public Works Department v. M/s. U. P. State Bridge Corporation Ltd., 2026 LLBiz HC (BOM) 141 NHAI PIU Aurangabad v. Kerman Sam Amroliwala & Anr.; Kerman Sam Amroliwala v. Competent Authority (Land Acquisition) & Anr., 2026 LLBiz HC (BOM) 143 National Highway Authority of India v. Suresh Pandharinath Matre & Ors., 2026 LLBiz HC (BOM) 151 ...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 21, 2026

COMPANY LAW NCLT Mumbai Allows BASF India's First Motion In Demerger Scheme, Dispenses With Meetings Of Shareholders, CreditorsShare Capital Increase Without Notice To Family Shareholders Amounted To Oppression In Daruka Papers Case: NCLATSECURITIES LAW SEBI Allows Processing Of Vishvaraj Environment IPO Documents After RBI Regularises ViolationsIBCNCLT Mumbai Admits Personal Insolvency Plea Against Frost International's Guarantor Over Rs 285 Crore DefaultNCLT Jaipur Says Only CoC Can Approve...

Bombay High Court Upholds PMC Bank–Unity SFB Amalgamation, Dismisses Challenges To RBI Scheme

The Bombay High Court has recently dismissed a batch of writ petitions challenging the amalgamation of Punjab and Maharashtra Co-operative Bank (PMC Bank) with Unity Small Finance Bank. The court upheld the scheme framed by the Reserve Bank of India and the notification dated January 25, 2022, issued by the Ministry of Finance approving the “PMC Bank (Amalgamation with Unity Small Finance Bank) Scheme, 2022.”A Division Bench of Justices Bharati Dangre and Manjusha Deshpande held that the scheme...

Delhi High Court Records Interim Arrangement In Novo Nordisk–Torrent Pharma Patent Dispute Over Semaglutide

The Delhi High Court has recorded an interim arrangement between Danish pharmaceutical company Novo Nordisk and Torrent Pharmaceuticals Limited in a patent infringement suit concerning semaglutide, a compound used in the popular diabetes and weight-loss drug Ozempic. Justice Tushar Rao Gedela on March 20, 2026, recorded that the parties had agreed to an interim arrangement under which the Torrent would ensure that the concentration of a specific chemical component in its product does not fall...

LiveLawBiz: Corporate Legal News Daily Round-Up: March 20, 2026

IBC NCLT Mumbai Partly Allows Anil Ambani Access To Pre-CIRP Records Of Reliance Communications To Defend ED-CBI ProceedingsSupreme Court Allows Set-Off Defence Against Ujaas Energy Though Counterclaim Extinguished Under IBCBreach Of Settlement Gives Fresh Cause Of Action; NCLAT Allows Subham Capital To File Fresh CIRP Plea Against Vedic RealtyS.7 IBC | Only Financial Creditor And Corporate Debtor Have Vested Right To Be Heard At Pre-Admission Stage: NCLT BengaluruRBI Circular Cannot Override...

Supreme Court Allows Set-Off Defence Against Ujaas Energy Though Counterclaim Extinguished Under IBC

The Supreme Court on Friday allowed West Bengal Power Development Corporation Ltd. to raise a plea of set-off as a defence in arbitration proceedings against Ujaas Energy Ltd., even though its counterclaim stood extinguished after approval of the resolution plan under the Insolvency and Bankruptcy Code. A bench of Justices Dipankar Datta and Augustine George Masih while granting the relief observed: “Upon a cumulative consideration of all relevant factors, we hold that the...

NCLT Mumbai Partly Allows Anil Ambani Access To Pre-CIRP Records Of Reliance Communications To Defend ED-CBI Proceedings

The National Company Law Tribunal (NCLT) at Mumbai has partly allowed an application by former Reliance Communications Ltd director Anil Dhirajlal Ambani seeking access to insolvency records of the company, including documents furnished to the Enforcement Directorate and the Central Bureau of Investigation, holding that a suspended director cannot be denied pre-CIRP records required to defend himself in proceedings based on those materials.Ambani told the tribunal that proceedings have been...

Delhi High Court Dismisses Air India Appeals, Upholds Arbitral Awards On Wage Arrears For AIAEA & IATA

Today, The Delhi High Court dismissed Air India Limited's appeals and upheld arbitral awards directing the airline and its predecessor entities to pay wage arrears of Rs. 57.92 crore to the All India Aircraft Engineers Association (AIAEA) and Rs. 7.81 lakh to the Indian Aircraft Technicians Association (IATA). A Division Bench of Justices Anil Kshetrapal and Harish Vaidyanathan Shankar held that Presidential Directives (PDs) issued on wage revision and arrears for engineers and technicians, are...

Delhi High Court Orders Newslaundry To Remove “Shit Reporters”, “Shit Show” Remarks Against TV Today

The Delhi High Court on Friday partly allowed an appeal filed by TV Today Network Limited, directing News Laundry Media Private Limited to remove specific derogatory remarks from its digital platforms at the interim stage. A division bench comprising Justice C. Hari Shankar and Justice Om Prakash Shukla held that while the defence of fair dealing in copyright law involves fact-intensive examination requiring trial, the use of expressions such as “shit reporters” and “shit show” was prima facie...

AgustaWestland Case: PMLA Appellate Tribunal Upholds ED Attachment Of ₹6.33 Crore Properties Of Media Exim

The Appellate Tribunal under the Prevention of Money Laundering Act (PMLA) in New Delhi on Thursday upheld the attachment of properties acquired by Media Exim Pvt. Ltd. using about Rs 6.33 crore alleged to be linked to proceeds of crime in the AgustaWestland VVIP helicopter deal, dismissing appeals filed against the Enforcement Directorate's action. A single-member bench of V. Anandarajan rejected appeals filed by J.B. Subramaniyam, Bhanu Nanda and Media Exim Pvt Ltd challenging the...