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

Kirit Singhania

14 Jun 2026 9:43 AM IST

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

    SECURITIES LAW

    SEBI Moves SC Against SAT Relief To Sahara Managers In ₹14,106 Crore OFCD Case

    SAT Quashes 2010 SEBI Penalty Order Citing 13-Year Delay In Serving Adjudication Order

    IBC

    NCLT Ahmedabad Rejects CIRP Plea Against Sisa Mosaic, Says Petition May Be Collusive And MOU Appears Fictitious

    NCLT Delhi Approves ₹135.39 Crore Resolution Plan For Mastana Foods

    NCLT Allahabad Orders Liquidation Of Usha India Ltd, Rejects ₹22.49 Crore Resolution Plan

    Creditors Cannot Bypass COVID-Era Insolvency Bar Through Arbitral Award Or Fresh Demand: NCLT Mumbai

    ARC Must Establish Guarantee Was Assigned Before Proceeding Against Personal Guarantor: NCLT Mumbai

    NCLT Allahabad Rejects Insolvency Plea Against Noida Metro Rail Over Pre-Existing Dispute

    TAX

    ITAT Delhi Deletes ₹5.60 Crore Demonetisation Addition, Says Recorded Business Receipts Not Unexplained

    Following Earlier Rulings, ITAT Mumbai Allows DSIR-Unapproved R&D Expenditure As Business Deduction

    SBI Not In Default For Not Deducting Tax On Leave Travel Claims Under HC Directions: ITAT Ahmedabad

    CCDs Cannot Be Treated As Equity For Disallowing Interest: ITAT Mumbai Deletes ₹76.45 Crore TP Addition

    Non-Production Of Bills, Vouchers Not A Valid Reason To Deny Additional Depreciation On Tanks: ITAT Ahmedabad

    Taxpayer Can't Be Absolved Of Earlier Lapses Because Final Notice Went To Different Email: ITAT Ahmedabad

    COMPANY LAW

    NCLT Indore Clears First-Motion Application For Demerger Of Indo Thai Securities' Broking Undertaking

    NCLT Delhi Clears First-Motion Application To Demerge Sammaan Finserve's NBFC Business Into Sammaan Capital

    ARBITRATION

    Presiding Arbitrator Has No Noteworthy Superior Role Over Other Arbitrators Except On Procedure: Kerala HC

    Calcutta HC Keeps Arbitration Agreement Issue Open in Kobelco-Lara Mining Dispute, Declines Interim Relief

    Calcutta High Court Appoints Arbitrator in MHPL Infra-RITES Dispute Over Buxar Thermal Power Project Contract

    Withdrawn Civil Suit Does Not Bar Invocation Of Arbitration Clause: Delhi High Court

    COMMERCIAL LAW

    Commercial Courts Act's 120-Day Written Statement Limit Inapplicable To Admiralty Suits: Kerala High Court

    Oral Statements Cannot Alter Written Lease Terms, Karnataka HC Sets Aside Commercial Court Decree

    RERA

    Odisha REAT Upholds RERA Order On Shifted Sewage Plant, Finds Ambience Concerns 'Forceful And Logical'

    DEBT RECOVERY LAWS

    DRT Chandigarh Sets Aside Indian Bank Auction, Awards Rs 30 Lakh Compensation To Auction Purchasers

    Notice Returned As 'Unclaimed' At Correct Address Suffices For Deemed Service: Kerala High Court

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