LiveLawBiz: Corporate Legal News Daily Round-Up: July 06, 2026

Kirit Singhania

7 July 2026 9:42 AM IST

  • LiveLawBiz: Corporate Legal News Daily Round-Up: July 06, 2026

    IBC

    Continuation Of CIRP By Sole Creditor Despite Full Repayment Is Malicious Use Of IBC: NCLAT Delhi

    Creditors Cannot Question RP's Information Requests During Claim Verification: NCLAT New Delhi

    OTS Breach Revives Original Loan Liability; Creditor Can Recover Full Dues: NCLAT New Delhi

    NCLT Mumbai Admits Bank Of Maharashtra's CIRP Plea Against DNR India Autotech Over ₹17.98 Crore Default

    NCLT Mumbai Orders Restoration of Pledged Shares, Holds Their Invocation During CIRP Moratorium Illegal

    Interest-Bearing Inter-Corporate Loan Can Qualify As Financial Debt Under IBC: NCLT Kolkata

    NCLAT Revives Insolvency Plea Against Satnam Global Over ₹8 Crore Advance Paid Under Consortium Agreement

    Set-Off Under IBBI Liquidation Rules Applies Only Between Same Parties, Not Group Companies: NCLAT

    NCLT Mumbai Holds Dev Land Transaction Fraudulent In Satra Properties Insolvency, Orders ₹24.45 Crore Repayment

    NCLT Mumbai Admits IIFL Home Finance Insolvency Plea Against J-Seventy One Properties Over ₹2.42 Crore Default

    Commercial Wisdom Of Creditors No Bar To Judicial Scrutiny Of IRP Remuneration: NCLAT

    NCLAT Sets Aside Rejection Of Insolvency Plea After Finding Corporate Debtor Had Admitted Outstanding Dues

    IPR

    Madras High Court Protects Travel Content From Alleged AI Scraping, Grants Interim Relief

    Karnataka High Court Upholds Order Restraining MI Marbo Italia From Using 'MI Marbo Italia' Trade Name

    Karnataka High Court Dismisses Eternal, Formerly Zomato, Appeal Against Order Restraining Use Of 'Eternal' Mark

    'Don't You Read Orders?': Delhi HC Fines Emcure ₹10,000 Over Duplicate Court Fee Refund Plea In Trademark Suit

    'How Far Can Personality Rights Be Stretched?' Delhi High Court Questions Salman Khan's Bid To Stall 'Kala Hiran'

    Delhi High Court Orders Itel, Infinix, Tecno Phones' Maker to Deposit Pro Tem Security In InterDigital Patent Suit

    TAX

    GST Reimbursement Tied To Contractual Terms, Cannot Override Statutory Scheme: Karnataka High Court

    Gujarat AAR Rules Paper Bags Attract 5% GST, Not 18%

    CESTAT Chandigarh Quashes ₹55 Lakh Excise Duty Demand Over Pre-1991 Duty Collections

    Rent-a-Cab, Air Travel, Hotel Services Qualify As Input Services If Used For Business: CESTAT Chennai

    ITAT Delhi Deletes ₹15 Crore Share Premium Addition, Says AO Cannot Reject Company's DCF Valuation

    ITAT Delhi Deletes ₹9.16 Crore Bogus Purchase Addition Over Retrospective GST Registration Cancellation

    FAR Analysis Mandatory For TP Comparables, Mere “Functional Comparability” Insufficient: ITAT Delhi

    ITAT Delhi Allows Paper Company's Appeal In Captive Power Transfer Pricing Dispute

    Madhya Pradesh High Court Upholds Tax On Soya Flour, Holds It Not Covered Under Exempt 'Atta' Category

    COMPANY LAW

    Section 452 Companies Act Not Decriminalised, Criminal Courts Retain Jurisdiction: Kerala High Court

    ARBITRATION

    Gujarat High Court Upholds Refusal To Enforce $109.95 Million Foreign Arbitral Award Against Adani Energy

    Section 9 Arbitration Act Not For Interim Recovery Based On Bill Certification: Delhi High Court

    COMPETITION LAW

    Telangana High Court Dismisses Dr. Reddy's Plea Against CCI's Procedural Directions In Antitrust Probe

    CCI Moves Supreme Court Against NCLAT Order Setting Aside ₹301.61 Crore Penalty On Grasim Industries

    RERA

    Punjab RERA Holds Private Property Sale Disputes Between Individuals Outside RERA Jurisdiction

    Adjudicating Officer Cannot Hear Complaints Seeking Project Development Reliefs: Haryana REAT

    BANKING/NBFC

    Bank's Failure To Inform Borrower Of Insurance Rejection Is Deficiency In Service: Chhattisgarh HC

    DEBT RECOVERY LAWS

    Sec.138 NI Act Not Maintainable On Cheque Issued After Company's Dissolution: Karnataka High Court

    PMLA

    Telangana High Court Dismisses ED Appeals In VANPIC Money Laundering Case Linked To Y.S. Jagan Mohan Reddy

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