LiveLawBiz: Corporate Legal News Daily Round-Up: September 29, 2026

  • LiveLawBiz: Corporate Legal News Daily Round-Up: September 29, 2026

    IBC

    NCLT Ahmedabad Rejects Button Industries' Insolvency Plea Against Viaz Tyres Over ₹1.16 Crore Dues

    NCLT Ahmedabad Admits Spright Agro Into CIRP On Agrirevolve's ₹8.66 Crore Claim

    Litigant Cannot Suffer For Counsel's Deliberate Non-Appearance: NCLAT Restores Electricity Dues Claim

    NCLAT Refuses To Set Aside CIRP Admission On Post-Admission Settlement, Directs IRP To Approach NCLT

    RP Can Re-Verify Earlier Claims Admitted By Erstwhile RP Where Records Reveal Deficiencies: NCLT Mumbai

    Bank Guarantee Can Be Invoked During CIRP Moratorium; Section 14 IBC Does Not Bar Encashment: NCLT Mumbai

    NCLAT Issues Notice On Subhash Chandra's Appeal Against NCLT Restraint On Asset Alienation In Insolvency Matter

    Failure To Opt For Non-Relinquishment Within 30 Days Of Liquidation Makes Bank Guarantees Part Of Estate: NCLAT

    IPR

    Madras High Court Dismisses RPG Enterprises' Plea To Cancel RPG Marble Trademark, Citing 15-Year Acquiescence

    Delhi High Court Restrains Pune Seller From Using "Max Volvo", "Max Volwo" Marks In Volvo's Trademark Suit

    Should 20-Year Patent Term Start From Filing Or Grant Despite Delay In Grant? Supreme Court To Decide

    'AI Tools Worse Than A Gun': Delhi HC Orders Takedown Of Content Infringing Drishti IAS Founder's Personality Rights

    TAX

    Separate GST Proceedings Not Barred If Subject Matter Is Different: Delhi High Court

    GST Audit Proceedings Distinct From Section 74 Adjudication; Delhi High Court Declines To Quash SCN

    GST Act | Personal Penalty Can Apply To Non-Taxable Persons For Transactions From January 1, 2021: Delhi High Court

    Karnataka High Court Says Pregnancy Justifies Absence From GST Proceedings, Remands Ex-Parte Order

    GSTAT Bengaluru Sets Aside 100% Penalty On I-NXT, Says ITC Mismatch Alone Can't Trigger Penalty

    GSTAT Delhi Bench Sets Aside Profiteering Proceedings Against Vertex Homes Over ITC Benefit

    Inadmissible Electronic Data, Computer Printouts Cannot Determine Excise Duty Liability: CESTAT Chennai

    Madras High Court Sets Aside Bank Guarantee Condition For Provisional Release Of ASC Impex Goods

    ITAT Delhi Dismisses Appeals Against Sahara Airlines After Claims Extinguished In CIRP

    Delhi High Court Stays ₹17.66 Crore Reassessment After Same AO Accepted Siezed Cash Belonged To Company

    'Agreement For Assignment' Label Cannot Bar Stamp Duty Refund For Failed Deal: Bombay High Court

    COMPANY LAW

    NCLT Allahabad Approves Magnum Ventures' Demerger Of Paper Business Into Magnum Paperz

    ARBITRATION

    Communication On Company Letterhead Not Enough To Establish Consent To Arbitrate: Bombay High Court

    Delhi High Court Appoints Arbitrator, Local Commissioner In Amazon-Goodluck ₹182.50 Cr. Lease Dispute

    Supreme Court Refuses To Interfere With Enforcement Of €9.71 Million ICC Award In Favour Of Spanish Travel Tech Company

    Arbitral Tribunal Can't Reject Interim Relief Merely For Overlap With Final Relief: Delhi High Court

    Supreme Court Refuses To Interfere With ₹14.49 Cr Arbitral Award To Sourav Ganguly Against Former Talent Manager

    Service Rule Cannot By Itself Make Consumer Commission President Ineligible As Arbitrator: Delhi High Court

    SECURITIES LAW

    SEBI Imposes ₹5 Lakh Penalty On Madhukar Dubey, Magnum Industrial Corporation Over CNE IPO

    SEBI Clears Vinod Adani, Others Of MPS, PFUTP Allegations In Four Adani Entities Case

    Supreme Court Refuses To Interfere With HC Order In SEBI Appeal Concerning Atlas Ramachandran's Escrow Funds

    RERA

    Homebuyers Who Withdraw From Delayed Project Cannot Be Made To Wait For Refund Until Occupation Certificate: Bombay HC

    BANKING/NBFC

    Karnataka High Court Refuses To Quash NI Case Over Cheque After Vijaya Bank Merger With Bank of Baroda

    PMLA

    Delhi High Court Sets Up Ex-CJI Sanjiv Khanna-Led Panel To Verify 1,650 Greenopolis Homebuyer Claims

    CMRL-Exalogic Case: Kerala HC Reserves Order On Legality Of Preliminary Enquiry Without FIR Into Pinarayi Vijayan, Daughter

    OTHER STORIES

    ​​Forensic Audit Of Fortis Share Transactions Involving 17 Banks Can't Be A 'Fishing And Roving Inquiry': Supreme Court

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