LiveLawBiz: Corporate Legal News Daily Round-Up: June 26, 2026

Kirit Singhania

27 Jun 2026 9:31 AM IST

  • LiveLawBiz: Corporate Legal News Daily Round-Up: June 26, 2026

    IBC

    No Artificial Sub-Classification Among Secured Creditors Under IBC Waterfall Mechanism: NCLT Allahabad

    Going-Concern Liquidation Buyer Not Entitled To Automatic Waivers Under IBC: NCLT Mumbai

    NCLT Delhi Admits Allegis Plea Against Olive Telecom, Holds Arbitral Award Crystallises Operational Debt

    NCLT Kochi Rejects ADIMS Resolution Plan Over Dependence On Uncertain Lease, Terminates CIRP

    Anil Ambani Appeals NCLT Order Admitting SBI's Personal Guarantor Insolvency Plea

    IPR

    Delhi High Court Restores Interim Relief For Kumar Foods, Finds “10X SHAKTI” Similar To SHAKTI BHOG

    Delhi High Court Bars Sree Tirumalaa Traders From Using “Lakshmi Srinivasa” Mark & Trade Dress

    TAX

    GST Registration Cannot Be Cancelled Through Cryptic, Non-Speaking Orders: Gauhati High Court

    CESTAT Kolkata Says Customs Supervision Charges Payable On MOT, Not CRC, For Limited Deployment

    HSN Mismatch In Certificate Of Origin Alone Cannot Deny Customs Exemption: CESTAT Chennai

    ITAT Delhi Deletes ₹1.23 Crore Addition To Borrower's Income Over Lender's Low-Declared Income

    ITAT Delhi Says Computation Of Mandatory Interest Must Be Examined Before Dismissing Appeal

    Interest Received By Foreign Banks On Foreign Currency Loans To Indian Concerns Taxable On Gross Basis: ITAT Mumbai

    ITAT Kolkata Restores Appeal Over CPC Notice Sent To Former Consultant, Condones 1,542-Day Delay

    Loan To Non-Shareholder Company Not Taxable As Deemed Dividend Under Section 2(22)(e): ITAT Kolkata

    ITAT Restores Appeal As Assessee Receives Order Intimation Belatedly, Accepts Envelope As Proof

    Karnataka High Court Upholds Regulations Allowing Cross-Subsidy Surcharge On Open Access Electricity Consumers

    ARBITRATION

    Calcutta High Court Upholds Setting Aside of ₹19.68 Crore Arbitral Award Against SAIL Over Demurrage Claim

    RERA

    Kerala High Court To Examine K-RERA Order Requiring Registration Of Certain Projects Under 500 Sq. Metres

    DEBT RECOVERY LAWS

    DRAT Chennai Upholds Order Allowing Bank To Take Possession Of Mortgaged Property Despite Later Payments

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