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LiveLawBiz: Corporate Legal News Daily Round-Up: June 23, 2026

Kirit Singhania

24 Jun 2026 9:26 AM IST

    • LiveLawBiz: Corporate Legal News Daily Round-Up: June 23, 2026

    IBC

    Dues Arising From TReDS Transactions Are Operational Debt, Not Financial Debt: NCLT Jaipur

    IBC Approval Does Not Auto-Delete ROC Charges, Companies Act Procedure Must Be Followed: NCLT Jaipur

    Developer's Insolvency Cannot Block Housing Society's Bid For Conveyance Of Land And Building: Bombay High Court

    TAX

    Property Investment Can't Be Taxed As Unexplained Income In Later Year If Paid Earlier: ITAT Ahmedabad

    Additional Evidence On Foreign Remittances Must Be Examined If It Goes To Root Of Matter: ITAT Ahmedabad

    ITAT Ahmedabad Holds Form 26AS Mismatch Alone Insufficient For Addition, Restores ₹42.34 Lakh Issue

    Mere Client Code Modification Not Enough To Invoke S.68 On Entire Transaction Value: ITAT Ahmedabad

    TPO Cannot Ignore Documentary Proof Of Services And Fix ALP At Nil: ITAT Ahmedabad

    COMPANY LAW

    Company Court Can Transfer Winding-Up Proceedings To NCLT Without Formal Application: Calcutta High Court

    ARBITRATION

    MP High Court Appoints Arbitrator, Says Party Cannot Oppose Arbitration After Conceding To It In Similar Disputes

    Patna High Court Refers Nalanda Cafeteria Dispute To Arbitration, Holds Conduct Can Establish Agreement

    Correction Of Contradictory Operative Direction Does Not Amount To Review Of Award: Patna High Court

    Not-Producing Power Of Attorney Is A Curable Defect, Cannot Terminate Arbitration: Gujarat High Court

    Works Contract Disputes Must Go To Statutory Tribunal, Not Private Arbitration: Gujarat High Court

    SECURITIES LAW

    SEBI Proposes Common Advertisement Code For Regulated Entities, Invites Public Comments

    SEBI Proposes Single Master Circular For Exchanges, Separate Framework For Clearing Corporations

    RERA

    RERA Redevelopment Registration Exemption Applies Only If Original Project Didn't Need Registration: Kerala High Court

    RERA Cannot Demand 25-Year-Old Cooperative Society Records For Project Registration: Madhya Pradesh High Court

    COMPETITION LAW

    CCI Approves Honda Motor's Proposed Acquisition Of 21% Stake In Astemo From Hitachi

    PMLA

    PMLA Appellate Tribunal Upholds ED Retention Of ₹67.5 Lakh Seized In Shine City Money Laundering Probe

    Calcutta High Court Grants Bail To Alleged School Recruitment Scam Middleman After 1.5 Years In Custody

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