LiveLaw Biz | Top 10 Corporate & Business Law Stories From Last Week
Sahyaja MS
19 Oct 2026 11:43 AM IST
The Delhi High Court has recently directed Meta Platforms Inc. to remove, within 72 hours, AI-generated sexual deepfakes, morphed images and fabricated statements attributed to actor and MP Kangana Ranaut.
The Calcutta High Court has held that a suit alleging breach of a family settlement restricting use of the trade name “Sindharam Sanwarmal” within one kilometre of a Cotton Street shop is maintainable before its Commercial Division and does not belong in the Intellectual Property Rights Division. Declining to grant an interim injunction, Justice Aniruddha Roy instead directed the defendant to maintain accounts and set apart profits from the disputed business.
Can NCLT Declare A Registered Sale Deed Void? Kerala High Court Explains
The Kerala High Court has recently held that the National Company Law Tribunal (NCLT) cannot declare a registered sale deed void and not binding on a company merely because a dispute involves allegations of oppression and mismanagement.
NCLT Ahmedabad Approves Merger Of Two Adani Electricity Mumbai Subsidiaries Into It
The National Company Law Tribunal's (NCLT) Ahmedabad bench has sanctioned the merger of Adani Electricity Mumbai Limited's wholly owned subsidiaries, Pointleap Projects Private Limited and Superheights Infraspace Private Limited, with the power distribution company, with effect from April 1, 2025.
CoC Approval Cannot Cure Resolution Plan's Failure To Meet Mandatory IBC Requirements: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has held that the Committee of Creditors' (CoC) approval cannot cure a resolution plan that fails to meet mandatory requirements under the Insolvency and Bankruptcy Code, 2016 (IBC). It ruled that the CoC's commercial wisdom on a plan's feasibility and viability applies only when the plan complies with the law.
The Punjab Real Estate Regulatory Authority (RERA) has recently ruled that apartment owners cannot refuse to pay maintenance charges merely because they did not sign a separate maintenance agreement. The obligation arises from the buyer's agreement and Section 19(6) of the Real Estate (Regulation and Development) Act, 2016.
The Delhi High Court has ruled that a judge's reproduction of substantial portions of an arbitral award while deciding a challenge to it does not, by itself, establish non-application of mind, provided the judge meaningfully examines the objections raised.
Dupattas Made Of Woven Fabric Exempt From Tax As Fibres Under TNVAT Act: Madras High Court
The Madras High Court on 7 October held that dupattas made of woven fabric fall under the exemption for textile fabrics under the Tamil Nadu Value Added Tax (TNVAT) Act, 2006, and cannot be classified as fibres for taxation. A Division Bench comprising Justices Anita Sumanth and K. Rajasekar allowed three tax case revisions filed by Vedant Fashions Pvt. Ltd., and set aside the 4% tax levy on dupattas for the assessment years 2009-10, 2010-11 and 2011-12. The judges held:
A same-sex couple has argued before the Karnataka High Court that the Income Tax law effectively makes them pay tax for expressing love for their partners, while married couples can exchange gifts without the same tax burden
The Bombay High Court has ruled that a hospital seeking income tax exemption on philanthropic grounds cannot be denied the benefit merely because it earns a surplus, charges patients for treatment, or collects professional fees on behalf of consultant doctors. The question is whether its actual activities and use of funds establish that it exists solely for philanthropic purposes and not for profit.