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

Kirit Singhania

21 April 2026 8:45 AM IST

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

    IBC

    Offences Under IBC Triable By Special Court Where Registered Office Is Located: Madhya Pradesh High Court

    Legal Representatives Can Maintain Oppression Petitions Without Membership Registration: NCLT Mumbai

    CoC's Commercial Wisdom Cannot Override IBC Mandates In Early Dissolution Plea: NCLT Mumbai

    Debt Denominated In Foreign Currency Must Be Converted At Invoice Date Rate For IBC Threshold: NCLT Ahmedabad

    SARFAESI Enforcement Cannot Be Invoked After Debt Is Extinguished Under IBC: Orissa High Court

    NCLT Rejects CIRP Plea Against Electrotherm Over Pre-Existing Dispute

    IPR

    Bombay High Court Finds No Novelty In Atomberg Fan Design, Refuses Interim Relief Against Stove Kraft

    TAX

    CESTAT Grants Relief To Bharat Hotels, Sets Aside Service Tax On Forfeited Booking Advances

    CESTAT Delhi Rejects AAI's ₹30.31 Lakh Excess Service Tax Refund Claim Over Delay

    GOQii Fitness Bands Not Pedometers But Data Communication Devices: CESTAT Mumbai Partly Allows Revenue Appeal

    CESTAT Mumbai Sets Aside ₹1.19 Crore Customs Duty Demand Against Sonova Over Hearing Aid Charging Cases

    Jio Infocomm USA's Receipts For Voice Termination Services Not Taxable As Royalty Or FTS In India: ITAT Mumbai

    ITAT Mumbai Sets Aside CIT(A) Enhancement Of Taxable Income On Issue Not Examined By AO

    Writ Maintainable After Income Tax Assessment If Order Is Ex Facie Without Jurisdiction: Delhi High Court

    Relevant Date Under GST Refund Varies By Claim Type; 2019 Amendment Not Retrospective: Delhi High Court

    Gujarat High Court Quashes Move To Reopen Income Tax Assessment Over Vague Third-Party Material

    Supreme Court Refuses To Interfere With Ruling In Tata Steel Case, Upholds Entry Tax On H.R. Sheets

    Gujarat High Court Sets Aside Move For Income Tax Reassessment In Land Sale, Bars Differing Stand On Evidence

    CESTAT Kolkata Sets Aside IGST Demand On Tea Pruning Machine Importer, Faults Dept. For Classification Lapse

    Can Dept. Issue One GST Notice Under Sections 73/74 Of CGST Act For Multiple Years? Bombay HC Refers Issue To Larger Bench

    Concessional GST On Irrigation Rubber Rings Conditional On Hard Rubber Use: Rajasthan AAR

    Delay In Final Approval Filing Not Adverse Where Caused By Confusion In Amended Law: ITAT Ahmedabad

    Corpus Fund By RWAs Taxable As Advance For Future Services, GST Payable On Receipt: Karnataka AAR

    Bombay High Court Sets Aside GST Cancellation Order For Lack Of Reasons

    Revised IT Return Permissible Only For Bona Fide Discovery Of Omission Or Mistake: Gujarat High Court

    ITAT Chennai Deletes ₹49.80 Lakh Additions On Flat Purchase And Cash Deposits, Allows Reinvestment Benefit

    Hypothecation Agreements Attract Stamp Duty As General Agreements, Not Pledge Or Mortgage: Kerala High Court

    ARBITRATION

    Chhattisgarh High Court Sets Aside Arbitral Award Against BSNL For Granting Interest Despite Contractual Bar

    Section 17 Security In Tribunal Domain, Courts To Interfere Only On Perversity: Calcutta High Court

    Statutory Bar On Arbitrability Can Be Examined While Granting Interim Relief: Bombay High Court

    Road Ministry Pushes For Pre-Conciliation In Highway Contractual Disputes Under Vivad Se Vishwas-III Scheme

    Legal Representatives Have Right To Challenge Arbitral Awards That Bind Them: Supreme Court

    RERA

    RERA Orders Not Civil Decrees, Recoverable As Arrears Of Land Revenue: Kerala High Court

    SECURITIES LAW

    SEBI Lowers Credit Risk Threshold, Expands REIT Risk Classification Framework In 2026 Amendment

    BANKING/NBFC

    Bombay High Court Quashes Union Bank's Wilful Defaulter Tag Against Former Promart Director

    COMMERCIAL COURTS ACT

    Calcutta HC Grants Summary Judgment In Commercial Suit After Defendants Forfeit Right To File Written Statement

    COMPANY LAW

    NCLT Delhi Approves Powerlinks Transmission Scheme To Reclassify Reserves Into Retained Earnings

    OTHERS

    ICAI Denies Reports of New Authority for CA Exams, Calls Claims “Factually Incorrect”

    Failure To Exercise Due Diligence By CA Is Professional Misconduct, No Dishonest Intent Needed: Gujarat High Court

    Ex-Promoter Of Learnfluence, Which Runs Lakshya Coaching Platform, Moves Kerala High Court Against IPO

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