Textile Committee Cess Not Leviable On Independent Dyeing, Processing Units: Punjab And Haryana High Court

The Punjab and Haryana High Court has recently ruled that the textile committee cess cannot be imposed on independent dyeing and processing units. It held that fabric processing on a job-work basis does not amount to “manufacture” under the Textile Committee Act, 1963. The bench, consisting of Justices Jagmohan Bansal and Amarinder Singh Grewal, stated that the respondent (department)...

NCLT Mumbai Approves Demerger Of Poonawalla Finance And Group Entities

The National Company Law Tribunal at Mumbai has approved a scheme of amalgamation involving Poonawalla Finance Pvt Ltd, Rising Sun Holdings Pvt Ltd and Synergist Realtors Pvt Ltd, paving the way for the reorganisation of businesses within the Poonawalla group. The approval came on January 6, 2026, following resolutions passed by the boards of the companies on February 4 and...

Corporate Debtor Cannot Reclaim Property Sold Under Unregistered Slump Sale Agreement: NCLT Hyderabad

The National Company Law Tribunal (NCLT) at Hyderabad has held that when a corporate debtor has received full consideration and acted upon a slump sale transaction, he cannot later reclaim the property on the ground that the agreement was unregistered, as such conduct is barred by the doctrine of estoppel. A coram of Judicial Member Rajeev Bhardwaj and Technical Member Sanjay...

Delhi High Court Orders Status Quo On ONGC Takeover Of Vedanta's Gujarat Offshore Oil Block

The Delhi High Court on Tuesday ordered a status quo on the government's move to take over an offshore oil block in Gujarat operated by Vedanta Ltd., effectively pausing the Centre's direction asking the company to stop operations and hand over the block to ONGC. A single-judge bench of Justice Amit Sharma declined the Union government's request to have Vedanta's challenge thrown out at...

NCLAT Sets Aside NCLT Delhi Order For Failing To Examine Post-Covid Invoice Defaults In Insolvency Plea

The National Company Law Appellate Tribunal (NCLAT) at Delhi on Wednesday set aside an order of the National Company Law Tribunal, Delhi, which had dismissed an insolvency application by invoking the Covid-19 bar under the Insolvency and Bankruptcy Code. The appellate tribunal held that the NCLT Delhi failed to consider invoices whose dates of default fell outside the Covid-19 excluded...

LiveLawBiz: Business Law Daily Round-Up: January 07, 2026

IBC HMT Takes Final Step To Close HMT Watches, Files Application With Ministy Of Corporate AffairsNCLT Mumbai Approves Sagacious Capital's Rs 110 Crore Plan To Revive Reliance InnoventuresAvoidance Provisions Under Insolvency Code Are Restorative, Not Punitive: NCLT KochiDelhi High Court Dismisses 'Luxury Litigation' Over Debt Assignment, Reaffirms NCLT Power To Probe FraudHigh Courts...

CCI Clears Nippon Steel's Acquisition Of Remaining Stake In Krosaki Harima

The Competition Commission of India (CCI) has cleared Japanese steel major Nippon Steel Corporation's move to take full control of Krosaki Harima Corporation, according to a press release issued on January 6, 2026. The approval relates to a tender offer under which Nippon Steel will acquire an additional 53.4 percent stake in Krosaki. Nippon Steel already holds 46.6 percent in the company,...

MahaRERA Declines To Rule On Whether Puzzle Parking Is A Common Area

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has rejected a complaint by homebuyers of a Thane housing project seeking a ruling on whether puzzle parking qualifies as a common area under the Real Estate (Regulation and Development) Act, 2016, holding that it has no jurisdiction to decide the issue. “No provisions of the said Act provide this Authority with jurisdiction...

Arbitral Proceedings Commence On Respondent Receiving Notice Invoking Arbitration Clause, Not On Arbitrator's Appointment : Supreme Court

The Supreme Court reaffirmed that the arbitral proceedings are set to commence on the date of receipt of notice invoking the arbitration clause by the respondent. “...the date on which the respondent receives a notice or request invoking arbitration is the moment at which the arbitral proceedings commence under Section 21 of the Act. It further clarified that a valid invocation requires...

CCI Closes Complaint Against Eros Over AI-Altered Re-Release of Dhanush Starrer 'Raanjhanaa'

The Competition Commission of India (CCI) has declined to intervene in allegations of anti-competitive conduct against Eros International Media Ltd over the AI altered rerelease of the Hindi film Raanjhanaa, holding that no prima facie violation of competition law was established. A coram of Chairperson Ravneet Kaur along with Members Sweta Kakkad, Deepak Anurag in an order...

Delhi High Court Refuses To Quash Reassessment Against Homebuyer Over Alleged Cash Payment To Builder

The Delhi High Court has refused to interfere with reassessment proceedings initiated against a taxpayer after documents seized from real estate group Bhutani Infra allegedly reflected a cash transaction linked to a flat purchase.A Division Bench of Justices Dinesh Mehta and Vinod Kumar observed that the notice issued under Section 148 of the Income Tax Act cannot be termed as...

Madras High Court Allows US Inventor's Late Patent Examination Request Despite Indian Agent's Error

The Madras High Court has directed the Indian Patent Office to accept and process a request for examination filed by a US-based inventor, holding that a patent application cannot be treated as abandoned due to an inadvertent mistake by a patent agent. The court ruled that in the absence of any intention to give up the invention, such procedural lapses should not defeat...