Supreme Court Continues Symbolic Possession Of Tower-5 By RP In Morpheus Bluebell CIRP

The Supreme Court of India has directed that the interim arrangement permitting only symbolic possession of Tower-5 by the Resolution Professional of the Morpheus Bluebell project developed by Morpheus Prodevelopers Pvt Ltd shall continue. The company is undergoing the Corporate Insolvency Resolution Process (CIRP) in the Morpheus Bluebell project. The Court was hearing an appeal filed by SGN Universal Construction Company Private Limited against the National Company Law Appellate Tribunal's...

Is India–UK DTAA Benefit Available On Dividend Distribution Tax? Bombay High Court Refers Issue To Larger Bench

The Bombay High Court has referred to a larger bench the question of whether companies paying Dividend Distribution Tax (DDT) can claim the benefit of lower tax rates under the India–UK tax treaty. The court was hearing appeals filed by Foseco India Ltd. challenging the denial of a refund of excess income tax paid. The issue, though arising in the context of the India–UK tax treaty, could also affect how similar provisions in other tax treaties are applied. A Division Bench of Justices G.S....

LiveLawBiz Company Law Monthly Digest: April 2026

SUPREME COURTSupreme Court Grants Pre-Arrest Bail To SRS Finance Director Ankit Sachdeva In Fraud Case, Issues Notice To SFIOThe Supreme Court on Thursday issued notice and made an order for pre-arrest bail to Ankit Sachdeva, a director of SRS Finance Ltd., whose anticipatory bail plea had earlier been dismissed by the Punjab & Haryana High Court by order dated March 4, 2024, which found prima facie involvement in a large-scale financial fraud.Case Title : Ankit Sachdeva vs Serious Fraud...

Delhi High Court Orders Removal of Deepfake Videos and Content Violating Bhuvan Bam's Personality Rights

The Delhi High Court recently issued interim directions on a plea by content creator Bhuvan Bam seeking removal of infringing content, including deepfake videos, that continued to exploit his personality rights despite an earlier protective order. The court held that a prima facie case was made out, restrained further unauthorised use of his persona, and directed online platforms to take down identified infringing content within 36 hours. “I am of the view that Plaintiffs have established a...

LiveLawBiz Direct Tax Monthly Digest: April 2026

SUPREME COURTSupreme Court Refuses To Interfere With Bombay HC Order Quashing IT Assessments Against Merged Reliance EntitiesCase Title : Deputy Commissioner of Income Tax v. Reliance Industries Limited Case Number : Diary No(s). 4339/2026 CITATION : 2026 LLBiz SC 141The Supreme Court on Wednesday refused to interfere with a Bombay High Court ruling that had quashed income tax assessments issued in the names of Reliance Polyethylene Ltd. and Reliance Polypropylene Ltd. even after their merger...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 01, 2026

COMPANY LAW Supreme Court Stays ₹5 Lakh Cost Imposed To Set Aside NBWs In Adarsh Housing SFIO CaseNCLT Ahmedabad Sanctions Suzlon Energy Scheme To Set Off ₹18,418 Crore Losses By Reorganising ReservesNCLT Ahmedabad Rejects Registrar Of Companies' Plea to Condon 4215-Day Delay In Restoring Struck-Off CompanyCalcutta High Court Quashes LOC Against Ex-Elder Pharma Employee In ₹1,300 Crore SFIO ProbeIBC NCLT Mumbai Dismisses RP's Plea Against ₹260 Crore RCIL Receivables Assignment, Finds No...

IBC Monthly Digest: April 2026

SUPREME COURT Vedanta Moves Supreme Court Against NCLAT Refusal To Stay Implementation Of Adani's JAL Resolution PlanCase Title : Vedanta Limited vs Bhuvan Madan Case Number : Diary No. 18505 of 2026Vedanta Ltd has moved the Supreme Court assailing the National Company Law Appellate Tribunal's order declining interim relief against implementation of Adani Enterprises' resolution plan for Jaiprakash Associates Ltd. The plan, approved by the NCLT on March 17, 2026, with...

Supreme Court Stays ₹5 Lakh Cost Imposed To Set Aside NBWs In Adarsh Housing SFIO Case

The Supreme Court recently (April 27) issued notice on a petition filed by Meenakshi Modi, an accused in an SFIO case linked to the Adarsh Build Estate housing fraud, to examine the validity of a Rs 5 lakh cost imposed by the Punjab and Haryana High Court while setting aside non-bailable warrants against her. The court stayed the condition till next hearing in August. A bench of Justices Sanjay Kumar and K. Vinod Chandran limited the notice to this aspect and directed Modi to appear...

Husband's Income Tax Returns Are Personal Information, Not Disclosable Under RTI Act: Delhi High Court

The Delhi High Court has held that a husband's income tax returns constitute “personal information” and are exempt from disclosure under the Right to Information (RTI) Act unless a larger public interest justifies such disclosure. The court set aside a Central Information Commission (CIC) order directing their disclosure to his wife in a matrimonial dispute. Justice Purushaindra Kumar Kaurav ruled that income-related details sought by the wife did not fall within the “larger public interest”...

Consolidated GST Show Cause Notices Across Multiple Years Permissible: Karnataka High Court

The Karnataka High Court has recently ruled that GST authorities can issue a single show cause notice covering multiple financial years, settling a dispute over whether such notices must be confined to one year. The question before the court was, “Whether it would be permissible to issue consolidated/common show cause notice under Sections 73 and 74 of the Act covering multiple financial years or multiple tax periods?” Answering this, a bench of Justice S.G. Pandit and Justice K.V. Aravind...

Madras High Court Restrains Piracy Of Aamir Khan Productions' 'Ek Din' Ahead of Release

The Madras High Court recently estrained apprehended infringement of copyright in the film Ek Din, slated for release today, by granting an ad-interim injunction in a suit filed by Aamir Khan Productions Pvt Ltd. Justice Senthilkumar Ramamoorthy passed the order noting that the film was scheduled to release on May 1, 2026 (today). The Court observed that in matters of this nature, “irreversible injury” is likely to occur unless unlawful broadcast is prevented. Ek Din is a Hindi romantic drama...

LiveLawBiz: Corporate Legal News Daily Round-Up: April 30, 2026

SECURITIES LAW Supreme Court Reserves Verdict On Kotak AMC Plea Against SAT Ruling On Essel Group-Linked Mutual Fund InvestmentsSEBI Imposes ₹40 Lakh Penalty On 4 For Unregistered Investment Advice Through Telegram ChannelsSEBI Allows Most AIFs To Launch Schemes In 30 Days Under Fast-Track Rules, Excludes Large-Value FundsSEBI Penalises Three Individuals ₹5 Lakh Each For Non-Cooperation In Rajesh Exports Front-Running ProbeSEBI Slashes Arun Panchariya's Penalty From ₹25 Crore To ₹20 Lakh In...