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LiveLawBiz: Corporate Legal News Daily Round-Up: June 19, 2026

Kirit Singhania

20 Jun 2026 9:27 AM IST

    • LiveLawBiz: Corporate Legal News Daily Round-Up: June 19, 2026

    IBC

    NCLT Ahmedabad Admits CIRP Against JSW Subsidiary, Holds Guarantor Liability Co-extensive With Borrower

    Directions To NCLT For Urgent Listing Of Plea Cannot Be Issued In Writ Jurisdiction: Delhi High Court

    Bare Production Of Guarantee Deed Without Commercial Nexus Cannot Establish Debt: NCLT Mumbai

    NCLT Mumbai Admits Paytm Parent's Insolvency Plea Against Gaming Company Fabzen Over ₹3.41 Crore Dues

    Settlement In Corporate Debtor's Liquidation Does Not Extinguish Personal Guarantee Obligations: NCLT Chennai

    IPR

    Supreme Court Stays Delhi High Court Order Restraining Use Of 'Medilice' Mark For Anti-Lice Hair Oil

    TAX

    Service Tax Cannot Be Levied By Treating Maintenance Of Minimum Balance As Consideration For Banking Services: Karnataka HC

    CENVAT Credit On Tippers Can't Be Denied Due To Purchase Before Inclusion As Capital Goods: CESTAT Kolkata

    DGFT Public Notice Cannot Impose Actual User Condition On Transferable DFIA Imports: CESTAT Kolkata

    Gujarat High Court Quashes Reassessment After Escaped Income Falls Below ₹50 Lakh

    Survey-Based Reassessment Not Excluded From Settlement Under Vivad Se Vishwas Scheme: Gujarat High Court

    High-Value Bank Transactions Alone Cannot Justify Reassessment: Gujarat High Court

    ITAT Delhi Upholds ₹18 Lakh Tax Deduction Claim On Ernst & Young's CSR Donations

    COMPANY LAW

    Financial Statements Can Be Revised If They Fail To Present True And Fair View: NCLT Chennai

    NCLT Chennai Orders Shareholder, Creditor Meetings For Renault Group Restructuring Scheme

    NCLT Chennai Dispenses With Shareholder Meetings In Ford Motor-Ford India Merger

    NCLT Chennai Sanctions Merger Of Encore IT Services Solution With Sonata Software

    NCLT Guwahati Restores Company Struck Off 15 Years Ago, Cites Asset Ownership Despite Defaults

    NCLT Mumbai Says Bank Did Not Relinquish Security Interest By Participating In First Creditors' Meeting

    ARBITRATION

    Excluded Period Need Not Overlap With Limitation Period To Be Excluded In Arbitral Award Execution: Bombay HC

    Gauhati High Court Refuses To Appoint Arbitrator In Techno Steel-IWAI Dispute, Holds Noida Was Arbitral Seat

    Pecuniary Jurisdiction Alone Cannot Confer S.34 Jurisdiction In Arbitration Petitions: Calcutta High Court

    Arbitral Award Based On Undisclosed Material Violates Principles Of Natural Justice: Bombay High Court

    Notice Issued In Name Of Non-Existing Entity Vitiates Entire Arbitral Process: Telangana High Court

    Association's Unilateral Arbitrator Appointment Under Bye-Laws Violates Public Policy: Bombay High Court

    Dissenting Flat Owners Cannot Stall Redevelopment Project By Withholding Consent: Bombay High Court

    SECURITIES LAW

    SEBI Proposes Major Overhaul Of MTF Framework, Raises Broker Net-Worth Requirement To ₹5 Crore

    RERA

    Settlement Talks, Vague Legal Advice Can't Justify 299-Day Delay In Filing Appeal: Maharashtra REAT

    BANKING/NBFC

    Officers Skipping Mandatory Learning Expose Bank To Risks: Calcutta HC Upholds SBI Reimbursement Policy.

    DEBT RECOVERY LAWS

    Lending Public Money Without Efforts To Recover It Is 'Not Acceptable'; SC Issues Notice On Plea Seeking Probe Into JKM Infra

    PMLA

    PMLA Court Directs ED To Release Ajmera Group Assets To Authority Under Karnataka Depositor Protection Law

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