LiveLawBiz: Corporate Legal News Daily Round-Up: August 15, 2026

Kirit Singhania

16 Aug 2026 9:59 AM IST

  • LiveLawBiz: Corporate Legal News Daily Round-Up: August 15, 2026

    IBC

    'Law Shows Greater Sympathy To Debt-Trapped Individuals': NCLAT Gives Guarantors Fresh Chance For Relief

    SARFAESI Notice Alone Cannot Establish Personal Guarantee Invocation Without Deed: NCLT Chandigarh

    IPR

    Madras High Court Temporarily Restrains Universal Spirits From Using 'Marco Polo' For Liquor

    Madras High Court Allows OTT Rights Holder Of Pawan Kalyan-Starrer Movie To Seek ₹4 Crore Refund From Producer

    Madras High Court Restrains Matrimony.com From Using 'Jodii' Mark For Matchmaking App

    TAX

    Karnataka High Court Quashes GST Recovery Against Company For Deceased Proprietor's Business' Dues

    Chhattisgarh High Court Rejects Plea Against ₹19.75 Lakh Property Tax Demand On Loyola School

    Bank Cannot Mark Lien On Cooperative Society Account For TDS On Cash Withdrawals: Karnataka High Court

    CIT(A) Has Discretion To Order Fresh Tax Assessment, But Must First Decide Reassessment Challenge: ITAT Mumbai

    Income Tax Act | 18-Month Period To Decide Settlement Application Cannot Restart On Transfer Between Interim Boards: Allahabad High Court

    Gujarat High Court Rejects Bus Owner's Plea Over ₹53 Lakh Vehicle Tax Demand For Lack Of Non-Use Certificate

    Telangana High Court Upholds Law Levying Non-Agricultural Land Tax At Different Rates Based On Use

    COMPANY LAW

    NCLT Chennai Allows Stakeholder Meetings On Renault-Nissan's Demerger Of Powertrain Business

    NCLT Delhi Allows First Motion In Jakson Limited's Demerger Into Jakson Powergen, Orders Creditor Meetings

    ARBITRATION

    Bombay High Court Refuses To Restore Terminated LPG Transport Contract Pending Arbitration

    Delhi High Court Orders Omaxe To Refund ₹3.35 Crore After Developer Stopped Assured Returns

    SECURITIES LAW

    SEBI Proposes Fast-Track Settlement For Certain Violations, Cases Up To ₹10 Lakh

    Only SEBI Can Initiate Criminal Complaint For Front-Running Under SEBI Act: Bombay High Court

    COMMERCIAL LAW

    Bombay High Court Rules In Favour Of IL&FS In ₹848.80 Crore Recovery Suits

    Commercial Courts Act Applies To Suits Filed Before 2015 Even If Re-numbered Later: Delhi High Court

    RERA

    Telangana REAT Upholds Order To Refund ₹36.58 Lakh To Homebuyers For Same Plot Sold To Third Party

    OTHER STORIES

    Supreme Court Imposes ₹10 Lakh Costs On Reliance Industries For Delaying 20-Year-Old NTPC Suit

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