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

Kirit Singhania

26 Feb 2026 9:28 AM IST

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

    IBC

    TDS On Interest Alone Not Enough To Cross Insolvency Threshold: NCLT Chandigarh

    Corporate Debtor Liable For Electricity Dues Despite Lessee's Consumption; Privity of Contract Prevails: NCLT Chennai

    Direct Disbursement To Corporate Debtor Not Mandatory To Qualify As Financial Debt Under IBC: NCLAT

    MSME Protections Must Be Invoked By Corporate Debtor, Not Personal Guarantors: NCLT Kochi

    NCLAT Directs YG Estates To Hand Over Supertech Ecociti, 34 Pavilion Maintenance To RWAs In 30 Days

    IPR

    One-Month Notice Before Suo Motu Trademark Cancellation Is Mandatory: Delhi High Court

    Delhi High Court Grants Levi Strauss Temporary Injunction Against Use of Its Iconic Pocket Tab Mark

    Delhi High Court Protects Actress Kajol's Personality Rights, Orders Takedown Of AI Deepfakes, Vulgar Chatbots

    Delhi High Court Protects Swami Ramdev's Personality Rights, Restrains AI Deepfakes

    Patent Revocation Petition Survives Even If Patent Expires By Efflux Of Time: Delhi High Court

    TAX

    Supreme Court Issues Notice In Zoomcar Plea Over Denial Of Appeal Against GST Order By Rajasthan High Court

    GSTAT Delhi Orders Panchsheel Buildtech To Return ₹98 Lakh To Homebuyers In Anti-Profiteering Case

    Order Passed In Fraud Proceedings Cannot Be Reclassified To Avail Amnesty Scheme: Gujarat High Court

    Where No Tax Evasion Is Alleged, Liberal Approach Warranted in Transitional ITC Case: Kerala High Court

    Importer Who Voluntarily Pays Differential Customs Duty, Seeks DRI Probe Closure Cannot Claim Refund: Madras High Court

    Non-Declaration Of Gold At Green Channel Not Always Smuggling: Delhi High Court

    ITAT Cannot Grant Tax Exemption Or Donor Tax Benefit To Charitable Trust Without Proper Inquiry: Delhi High Court

    ITAT Mumbai Re-characterises Investment in Mauritius Subsidiary as Loan, Denies ₹146.73 Crore Interest To Tata Chemicals

    ITAT Mumbai Holds CSR Donations Deductible Under Section 80G, Allows Aditya Birla's PF Contributions

    Delhi High Court Quashes 15% TDS Certificate On SaaS Under India–US DTAA, Orders 2% Certificate

    Bombay High Court Quashes ₹1 Crore Stamp Duty Demand On Romell Real Estate's Slum Redevelopment Agreement

    COMPANY LAW

    NCLT Mumbai Admits P&G Home Products' ₹3.15 Crore Capital Reduction Plan, Directs Notice To Creditors

    NCLT Finds Jawed Akhter's Conduct Oppressive, Structures Exit From Jawed Habib Hair and Beauty

    NCLT Mumbai Sanctions Merger Between Mirae Asset Sharekhan and Mirae Asset Financial Services

    MCA Announces One-Time Relief For Delayed Annual Returns And Financial Statements, Cuts Additional Fees To 10%

    ARBITRATION

    Delhi High Court Dismisses IRCON Appeal Against Railway Construction Arbitral Award

    Bombay High Court Upholds ₹496.48 Crore Metro One Award, Strikes Down ₹248 Crore For Lack Of Evidence

    Appellate Court Cannot Reassess Valuation Findings in Arbitration Appeal: Jammu & Kashmir and Ladakh High Court

    Bombay High Court Modifies Arbitral Order On TDR Sale, Upholds Stay On Termination In Redevelopment Dispute

    MSMED Act Overrides Arbitration Clause; Jurisdiction Lies Where Supplier Is Located: Delhi High Court

    Delhi High Court Upholds Arbitral Award, Says SAIL Cannot Deduct CENVAT Credit Shortfall Without Contractual Clause

    Supreme Court Upholds Delhi HC Refusal To Recall Arbitrator In Vedanta–GSPC Gas Block Dispute

    SECURITIES LAW

    SEBI Holds VCF Cannot Continue Beyond Tenure, Imposes ₹20 Lakh Penalty On Forum Synergies

    OTHER STORIES

    Bombay High Court Dismisses Nusli Wadia, Raheja Challenge to Deemed Conveyance of Malad Land to IJMIMA Society

    ED Attaches Anil Ambani's ₹3,716 Crore Pali Hill Residence In RCOM Bank Fraud Probe

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