LiveLawBiz: Corporate Legal News Daily Round-Up: October 08, 2026

IBC

NCLT Ahmedabad Refuses To Recall Withdrawal Order Where Counsel Was Authorised To Withdraw Petition

Going-Concern Sale Commences With Liquidation Order, Not Auction Notice: NCLAT

Bankrupt Personal Guarantor Cannot Withdraw Funds After Estate Vests In Trustee: NCLAT New Delhi

NCLT Chandigarh Says Mere Directorship Insufficient For Fraud, Dismisses Plea Against 18 Directors

NCLT Ahmedabad Admits ₹2.78 Cr. Insolvency Plea Against Polycab, Rejects 'Provisional Billing' Defence

TAX

Delhi High Court Gives Income Tax Dept Final Chance To Credit ₹3.65 Crore Advance Tax To 92-Year-Old Assessee

GTA Service Tax Cannot Be Demanded From Transporter If Recipient Paid Under RCM: CESTAT Kolkata

Contract Manufacture Of Alcoholic Liquor For Another Entity Attracts Service Tax: CESTAT Delhi

Educational Institutions Must Prove Solely Charitable Use For Property Tax Exemption: Bombay High Court

CESTAT Chennai Says Suzuki Hayabusa Imported Via Two Ports Form One Vehicle, Upholds ₹10.36 Lakh Duty

Director Can't Challenge Income-Tax Search Against Company In Individual Capacity: Karnataka High Court

Calcutta High Court Rejects Revenue's Bid To Reopen Facts In ₹9.32 Crore Unlisted Share Sale Addition

Kerala High Court Upholds Rejection Of South Indian Bank's ₹52 Cr. Additional Bad-Debt Claim To ITAT

Customs Dispute Over Car, Cash Confiscation Go To CESTAT, Not Revision Authority: Madras High Court

GST Council Recommends Dropping Arrest Powers, Raising Prosecution Threshold To ₹5 Crore

ARBITRATION

Arbitration Clause Need Not Use Technical Terms If There Is Intention To Arbitrate: Bombay High Court

Himachal Pradesh High Court Sets Aside Award Over Unilateral Arbitrator Appointment Without State's Consent

Bombay High Court Appoints Sole Arbitrator In Dispute Over Sonakshi Sinha Starrer 'JATADHARA' Partnership Accounts

J&K High Court Says Final Bill Cannot Revive Time-Barred Claim, Upholds Set-Aside Award

Arbitration Clause Need Not Be Reproduced In Work Orders If GCC Is Incorporated: Bombay High Court

Partnership Dispute Isn't Non-Arbitrable Just Because Parties Are Family Members: Bombay High Court

Investor-State Arbitration Needs Standing Mechanism, Appellate Review: Justice PS Narasimha

COMMERCIAL COURT ACT

Commercial Court Can Secure Claim At Interm Stage If Party's Commercial Credibility Is In Doubt: Calcutta High Court

RERA

Telangana RERA Says Additional Floors Cannot Dilute Agreed UDS, Directs PBSR To Compensate Buyers

BANKING/NBFC

RBI Removes Paytm Payments Bank From Scheduled Banks List After Delhi HC Winding-Up Order

IPR

Delhi High Court Issues Summons On Actor, BJP MP Kangana Ranaut's Personality Rights Plea

Delhi High Court To Pass Order On Vijay Deverakonda's Plea Seeking Protection Of Personality Rights

Publisher's Heir Cannot Claim Copyright Without Proof Of Assignment From Authors: Delhi High Court

DEBT RECOVERY LAWS

SARFAESI | Secured Creditor's Prior Charge Over Property Takes Precedence Over State VAT Charge: Gujarat High Court

DRT Sale Certificate Does Not Require Compulsory Registration: Madhya Pradesh High Court

COMPANY LAW

NCLT Chennai Allows Winding Up Of Struck-Off Company To Realise Assets, Settle Liabilities

SECURITIES LAW

SEBI Introduces Six Tier Colour-Coded Credit Risk Indicator For Debt Securities

PMLA

PMLA Not Meant For Private Property Disputes, ED Must Prioritise Public Money Cases: Madras High Court

OTHER STORIES

Madras High Court Warns Bank-Initiated LOCs Could Leave Debtors At “Mercy Of Wolves Of Creditors”