Corporate
Suspended Director Who Is A Prospective Resolution Applicant Not Entitled To Valuation Reports : NCLT Mumbai
The National Company Law Tribunal (NCLT) at Mumbai has dismissed a challenge by a suspended director seeking disclosure of valuation reports and other Corporate Insolvency Resolution Process (CIRP) documents. The court held that valuation reports are confidential and cannot be shared with persons who are themselves potential or competing resolution applicants. “Valuation reports...
LiveLawBiz: Business Law Daily Round-Up: January 08, 2026
IBC NCLAT Limits Ansal Properties' Insolvency To Sushant Golf City and Rajasthan ProjectsFunding Rival Bids, Using Same IP Proves Bid Rigging, NCLAT Upholds CCI Penalty Against Klassy EnterprisesCalling Guarantor 'Director' In SARFAESI Notice Doesn't Invalidate Invocation Of Guarantee: NCLATNCLAT Upholds Eviction Of Subsidiaries From Corporate Debtor's Properties During LiquidationBank...
Stock Brokers Can Take Up Other Regulated Activities Under SEBI's New Regulations
Stock brokers can now take up other regulated financial activities, with approval, after the market regulator notified a fresh set of regukations that replaces the three-decade-old framework governing the broking industry. The Securities and Exchange Board of India (Stock Brokers) Regulations, 2026, notified on Wednesday, formally repeal the 1992 regulations and bring all...
Chandigarh Consumer Commission Holds Oriental Insurance & Raksha TPA Liable For Closing Valid Mediclaim As “No Claim”
The District Consumer Disputes Redressal Commission-II, U.T. Chandigarh, comprising President Amrinder Singh Sidhu and Member B.M. Sharma, has held Oriental Insurance Company Ltd. and Raksha Health Insurance TPA Pvt. Ltd. guilty of deficiency in service and unfair trade practice for closing a genuine Mediclaim as “No Claim” despite treatment records being on file. Brief facts of...
Calcutta HC: Divorced Daughters Eligible For Family Pension If Proceedings Began Before Parent's Death
A Division Bench of the Calcutta High Court comprising Acting Chief Justice Sujoy Paul and Justice Partha Sarathi Sen held that a divorced daughter is entitled to family pension if she was dependent on the pensioner and that divorce proceedings were initiated during the pensioner's lifetime. Background Facts The deceased employee retired from South Eastern Railway in 1983. Later...
Madras High Court Dismisses Chennai Firm's Plea To Revoke Food Processor Patent Of Dutch Appliance Company
The Madras High Court has dismissed a patent revocation plea filed by Maya Appliances Private Limited, a Chennai-based company, seeking to revoke a food processor patent held by Versuni Holding B.V., a Netherlands-based home appliances company. In an order passed on December 19, 2025, Justice N. Senthilkumar allowed Versuni's application seeking rejection of the revocation proceedings,...
Transfer Pricing | Delhi High Court Faults DRP For Merely Endorsing TPO's Conclusions Without Independent Findings
While dealing with the Income Tax Department's appeal in a transfer pricing case, the Delhi High Court has flagged that the Dispute Resolution Panel (DRP) failed to discharge its statutory duty by merely approving the conclusions of the Transfer Pricing Officer (TPO) without recording independent findings.A Division Bench of Justices V Kameswar Rao and Justice Vinod Kumar made the observation...
NCLAT Limits Ansal Properties' Insolvency To Sushant Golf City and Rajasthan Projects
The National Company Law Appellate Tribunal (NCLAT) at New Delhi refused to overturn the insolvency proceedings against Ansal Properties and Infrastructure Limited.However, it restricted the process to Sushant Golf City in Lucknow and three Rajasthan projects: Ansal Royal Plaza, Orchid Plaza, and Tulip Plaza. The tribunal said extending the insolvency process to projects not linked to the...
Calcutta High Court Sets Aside Patent Office Order Rejecting US Company's Glass Fibre Patent
The Calcutta High Court has set aside a Patent Office order rejecting a patent application filed by OCV Intellectual Capital LLC, a subsidiary of Owens Corning. The court held that the refusal was passed without proper analysis of novelty and inventive step. A single-judge bench of Justice Ravi Krishan Kapur, in a judgment dated January 6, 2026, held that the Patent Office rejected...
Funding Rival Bids, Using Same IP Proves Bid Rigging, NCLAT Upholds CCI Penalty Against Klassy Enterprises
The National Company Law Appellate Tribunal (NCLAT) at New Delhi has recently upheld a Rs 10 lakh penalty imposed by the Competition Commission of India on Klassy Enterprises, holding that paying the tender costs of rival bidders and submitting bids from the same IP address was enough to show bid rigging, even without a written cartel agreement. A bench of Judicial Member Justice Mohd. Faiz...
Calling Guarantor 'Director' In SARFAESI Notice Doesn't Invalidate Invocation Of Guarantee: NCLAT
The National Company Law Appellate Tribunal (NCLAT) at New Delhi has recently ruled that merely describing a personal guarantor as a “Director” in a SARFAESI demand notice does not invalidate the invocation of the personal guarantee, as long as the notice clearly demands payment of the outstanding dues under the guarantee deed. The tribunal said the real test is not how the person...
NCLAT Upholds Eviction Of Subsidiaries From Corporate Debtor's Properties During Liquidation
The National Company Law Appellate Tribunal (NCLAT) at Delhi has upheld the NCLT Ahmedabad's order directing eviction of two subsidiaries from premises owned by a corporate debtor. The court held that the NCLT can exercise jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code (which gives the insolvency court power to decide questions of law or fact arising out of or...