LiveLawBiz: Corporate Legal News Daily Round-Up: October 10, 2026

IBC

NCLT Ahmedabad Rejects Toyota Financial's ₹23.20 Crore Claim Against Blu-Smart Over 150 Undelivered Vehicles

NCLT Ahmedabad Admits Sharanam Infraproject To CIRP Over ₹10.35 Crore Debt, Rejects Restructuring Plea

NCLT Ahmedabad Admits Insolvency Plea Against Gujarat Toolroom Over ₹26.20 Crore Dues

TAX

Income Tax Department Cannot Wait For Certified Copy When Digitally Signed Order Is Available: Bombay High Court

Madras High Court Rules In Favour Of Mahindra Holidays On ₹158 Crore Membership Fees, Software Licence Tax Dispute

Freshly Manufactured Goods Cannot Replace Re-Imported Goods For Customs Duty Exemption: CESTAT Kolkata

Income Tax Penalty Can Be Waived Even In Cases Of Misreporting After 2026 Amendment: Bombay High Court

Calcutta High Court Declines To Hear Plea Alleging Torture By DRI Officials, Says Matter Falls Under Revenue Bench

Supplier Cannot Automatically Recover GST From Recipient Without Contractual Basis: Kerala High Court

Kerala High Court Quashes GST Notice Issued Before Audit Findings Were Finalised

ARBITRATION

Arbitration Clause Requiring Fresh Mutual Consent Is Not Binding: Karnataka High Court

Directors Cannot Be Held Liable For Company Debt Merely By Their Designation: Delhi High Court

Pending Insolvency Proceedings, Financial Distress Can Warrant Asset Protection Pending Arbitration: Bombay High Court

RERA

Maharashtra RERA Imposes ₹10 Lakh Penalty On Developers For Failing To Allot Flat

BANKING/NBFC

Banks Are Custodians, Cannot Assume Coercive Powers Over Customers' Transactions: Delhi High Court

DEBT RECOVERY LAWS

SARFAESI Possession Orders Must Be Kept On Hold For 45 Days If DRT Challenge Is Planned: Madras High Court

IPR

Delhi High Court Extends 'THUNDER 15000' Beer Trademark Injunction To Importer Supar SIP Traders

Ahmedabad Entities Agree Before Bombay High Court To Stop Using 7 Drug Names In Sun Pharma Suit

Religious Significance Of 'Annapurna' Does Not Bar Trademark Protection: Madras High Court

Delhi High Court Protects Actor Vijay Deverakonda's Personality Rights Against AI Deepfakes

Bombay High Court Allows Colgate To Submit Six Renewed Trademark Certificates In 1996 Suit Against Anchor

Delhi High Court Directs Amitabh Bachchan To Personally Appear If Settlement Fails In Personality Rights Suit

COMPANY LAW

NCLT Approves Merger Of Two Adani Electricity Mumbai Subsidiaries Into It

OTHER STORIES

ED Moves Supreme Court Against Order Quashing FIR, ED Case Against NewsClick, Prabir Purkayastha

Karnataka High Court Closes Morgan Securities' Contempt Plea Against BPL Over Alleged Property Encumbrance

Cheque For Time-Barred Debt Can Still Invite Prosecution If Dishonoured: Kerala High Court

NCLT Mumbai Suspends One Court Due To Vacancies, Redistributes Pending Cases