Corporate
LiveLawBiz: Business Law Daily Round-Up: November 28, 2025
IBC NSEL Gets NCLT Nod For ₹1,950-Crore Settlement With 5,682 Traders Affected In 2013 ScamUploading Debt Details On Information Utility Does Not Extend Limitation For CIRP: NCLATNCLAT Upholds Order Directing Satra Properties' Suspended Directors To Refund ₹91 Lakh For Clearing Cheques During MoratoriumIBC Does Not Override Statutory First Charge Under Gujarat VAT Act, Both Laws Operate...
Bombay High Court Grants Interim Relief To 'JIO'; Restrains Taxi Operator From Using 'JIO Taxi' Mark
The Bombay High Court has barred a Jharkhand-based taxi operator from using the name “JIO TAXI” after finding that it prima facie infringes Reliance Industries Ltd.'s well-known “JIO” trademark. A single bench of Justice Sharmila U Deshmukh passed the order on November 24, 2025, granting an ad-interim injunction in Reliance's favour. The restriction will remain in force until...
US Court Orders EscapeX, Lawyers To Pay Google USD 2.5 Lakh As Cost For Frivolous Patent Suit
The US Court of Appeals for the Federal Circuit has upheld a California court's order requiring a mobile app developer- EscapeX to pay Google more than USD 2.5 lakh in attorneys' fees and costs after finding that the company filed a frivolous patent infringement lawsuit and then tried to prolong the case with an equally baseless post-judgment motion. This included a USD 63,525 that EscapeX...
No Service Tax On Income Received From Joint Venture: CESTAT Kolkata Sets Aside ₹5.72 Crore Demand
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that an assessee's/partner's share of income from a joint venture is not consideration for any taxable service and therefore not liable to Service Tax. R. Muralidhar (Judicial Member) and K. Anpazhakan (Technical Member) observed that the activities undertaken by a partner/co-venturer for...
Delhi High Court Restrains Knam Foods From Using 'AL-BUSTAN' Rice Packaging, Terms It 'Slavish Copy'
The Delhi High Court has barred Knam Foods Pvt. Ltd. from using the “AL-BUSTAN” brand name and its blue-and-yellow rice packaging after finding that the company had “slavishly copied” the design, layout, Arabic script, and even the mobile number printed on the bags of rival rice exporter Amir Chand Jagdish Kumar Exports Ltd. The ex-parte ad-interim injunction, passed on November 24...
Cancellation Of GST Registration Announces Economic Death Of Business Entity; Reasoned Order Needed: Allahabad High Court
The Allahabad High Court has observed that the cancellation of GST registration of a business entity leads to it economic death and it is sine qua non that a reasoned order is passed by the authority for cancelling the registration of an assesee. The bench of Justice Saumitra Dayal Singh and Justice Indrajeet Shukla observed: “We are equally mindful that the order of cancellation...
NSEL Gets NCLT Nod For ₹1,950-Crore Settlement With 5,682 Traders Affected In 2013 Scam
The National Company Law Tribunal at Mumbai on Friday approved a Rs 1,950-crore one-time settlement for 5,682 traders affected by the 2013 National Spot Exchange Ltd (NSEL) scam, holding that the proposal met statutory requirements and did not violate public policy.A bench of Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar noted that the settlement had received...
Madras High Court Jails Contemnor For Repeated Breach Of HUL's 'WHEEL' Trademark Injunction
The Madras High Court has sentenced the proprietor of Roopa Industries to three months civil imprisonment and attached the company's property for repeatedly breaching an injunction protecting HUL's 'WHEEL' and 'ACTIVE WHEEL' trademarks.In an order passed on November 26, 2025, Justice N Senthilkumar found that Roopa Industries had continued using deceptively similar marks despite a...
Income Tax Act | SBI Not 'Assessee In Default' U/S 201 For Not Deducting TDS While Obeying Court's Interim Order: Kerala High Court
The Kerala High Court has held that the State Bank of India (SBI) cannot be treated as an 'assessee in default' under Section 201 of the Income Tax Act for not deducting Tax Deducted at Source (TDS) on Leave Travel Concession (LTC) payments, as it was bound by an interim order which prohibited such deduction. Justices A. Muhamed Mustaque and Harisankar V. Menon examined whether the...
Uploading Debt Details On Information Utility Does Not Extend Limitation For CIRP: NCLAT
The National Company Law Appellate Tribunal at Delhi on Thursday observed that merely uploading financial information on an information utility does not amount to acknowledgment of debt and therefore cannot trigger a fresh limitation period for filing a Corporate Insolvency Resolution Process application under Section 9 of the Insolvency and Bankruptcy Code. The Bench of Chairperson...
Courts Can Correct Manifest Computational Errors In Awards Without Re-Appraising Arbitrator's Reasoning: Delhi High Court
The Delhi High Court held that the courts under sections 34 and 37 of the Arbitration and Conciliation Act, 1996 (Arbitration Act) possess limited but definite authority to correct manifest computation errors without reopening the merits of the case. A Division Bench comprising Justice Anil Kshetrapal and Justice Harish Vaidyanathan Shankar partly modified the arbitral award to the...
NCLAT Upholds Order Directing Satra Properties' Suspended Directors To Refund ₹91 Lakh For Clearing Cheques During Moratorium
The National Company Law Appellate Tribunal at Delhi on Thursday held that the suspended directors of Satra Properties (India) Ltd violated the Insolvency and Bankruptcy Code by allowing two cheques worth Rs 91 lakh to be cleared after the commencement of moratorium, and upheld the National Company Law Tribunal's order directing them to jointly and severally refund the amount with interest...