LiveLawBiz: Corporate Legal News Daily Round-Up: July 13, 2026

Kirit Singhania

14 July 2026 9:54 AM IST

  • LiveLawBiz: Corporate Legal News Daily Round-Up: July 13, 2026

    IBC

    Supreme Court Upholds RBI Scheme For Merger Of PMC Bank With Unity Small Finance Bank

    Delayed Homebuyer Claim Cannot Be Rejected When RP Failed To Verify Records: NCLAT New Delhi

    Equity Investment Without Repayment Obligation Does Not Qualify As Financial Debt: NCLAT New Delhi

    CIRP Not Maintainable Against Company Struck Off From Register: NCLT Mumbai

    Pre-2016 DRT Recovery Certificate Cannot Trigger Insolvency Under Presidency Towns Insolvency Act: Supreme Court

    TAX

    CESTAT Delhi Allows Shriram General Insurance's KKC, SBC Refund Claim On Cancelled Insurance Policies

    CBDT Notifies No TDS on Specified Payments to Eligible IFSC Units Under Income-tax Act, 2025

    Telangana HC Restores DBS Technology Services' Tax Deduction Claim, Says Technical Lapse Cannot Prevail

    Bombay High Court Sets Aside Order Rejecting Naresh Goyal's Objections In Income Tax Reassessment

    Ahmedabad CESTAT Grants Service Tax Relief On Government Staff Quarters, Remands APMC Issue

    Madras High Court Refuses To Quash Canon India GST Notices, Says Taxpayer Must Reply Before Challenge

    Madras High Court Holds Unreasonable Delay Bars Duty Drawback Recovery, Quashes ₹38.77 Lakh Demand

    No GST Payable On Machinery Returned For Testing Without Fresh Consideration: Karnataka High Court

    Karnataka High Court Remands Quikr's ₹1.77 Crore Stamp Duty Dispute Over NCLT-Approved Amalgamation

    Charitable Status Cannot Be Denied Merely Because Activities Benefit Specific Industry: ITAT New Delhi

    Bombay High Court Says ITAT Took 'Pedantic Approach', Condones 1,797-Day Delay in Income Tax Appeals

    Supreme Court Upholds Karnataka's Retrospective Withdrawal Of Sales Tax Exemption For Imported Sugar

    Non-Filing Of Service Tax Returns Alone Doesn't Prove Tax Evasion; CESTAT Chennai Quashes ₹37.54 Lakh Demand

    IT Reassessment Notice Received On April 1, 2021, Must Follow New Reassessment Regime: Bombay High Court

    SECURITIES LAW

    'Mandate First, Gains Later; SEBI Compliance, Never Falter': Supreme Court To AMCs And Mutual Fund Houses

    Supreme Court Seeks Reply On SEBI's Appeal Against SAT Ruling In Bombay Dyeing-SCAL Services Case

    SEBI Relaxes Investment Restrictions For Spouses' ESOPs Under Amended Employees' Service Regulations

    COMPANY LAW

    NCLT Mumbai Allows DEXIT Global's ₹203 Crore Preference Share Capital Reduction Under Companies Act

    DEBT RECOVERY LAWS

    Auction Purchaser Can Seek Refund If Material Title Defects Were Not Disclosed: Andhra Pradesh High Court

    ARBITRATION

    MSME Award Can Be Challenged Without 75% Pre-Deposit if Nullity Is Prima Facie Shown: Delhi High Court

    Individual Arbitrator Cannot Be Appointed For MSME Disputes U/S 18 MSMED Act: Himachal Pradesh HC

    Technical Jurisdiction Objections Cannot Defeat Merits Of Commercial Disputes Chhattisgarh High Court

    RERA

    Bombay High Court Issues Contempt Notices To Mumbai Collector Tahsildar Over MahaRERA Recovery Warrants

    OTHERS

    Supreme Court Appoints Justice L. Nageswara Rao To Mediate Kalyani Family Dispute

    Madras High Court Quashes CBI Case After Bank Accepted IBC Resolution Plan, Issued No Due Certificate

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