What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
LiveLawBiz’s October 14, 2026 corporate-law roundup, updated on October 15 at 04:37 GMT, spans insolvency, taxation, arbitration, intellectual property, securities, real estate and financial-crime litigation. The most consequential headlines concern the Supreme Court’s limitation rule for NCLAT appeals, insolvency proceedings involving ₹3.95 crore, a proposed SEBI sanction against promoters who do not disclose IPO-fund use, and bail in a ₹6,210 crore PMLA case.
The digest is headline-led rather than a substitute for reading each order. The practical effect of each item depends on the full judgment, procedural posture and facts of the individual case.
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
|
The Rights of Indians and Tribes | $30.93 | Buy on Amazon |
| 2 |
|
American Indian Law in a Nutshell | $65.00 | Buy on Amazon |
| 3 |
|
American Indian Law: Cases and Commentary (American Casebook Series) | $311.10 | Buy on Amazon |
| 4 |
|
American Indian Law: Native Nations and the Federal System | $246.41 | Buy on Amazon |
| 5 |
|
American Indian Law in a Nutshell | $63.97 | Buy on Amazon |
At a glance: forums, stakes and immediate effect
| Area | Forum or authority | Headline stake | Immediate consequence |
|---|---|---|---|
| IBC | Supreme Court, Delhi High Court, NCLT Indore and NCLT Ahmedabad | ₹3.95 crore personal-guarantor debt; GST pre-deposit issue | Appeal timing clarified; insolvency admissions and record-transfer duties continue |
| Tax and customs | Supreme Court, Delhi High Court and CESTAT Delhi | ₹3.91 crore demand; ₹8.12 crore reassessment | Limits on revision claims, customs exemptions and reassessment challenges |
| Arbitration | Supreme Court and Delhi and Calcutta High Courts | ₹4.37 crore NHAI claim; ₹58.80 lakh SpiceJet reserve | Seat analysis and proof of extra work remain central |
| Securities | SEBI proposal | Promoters’ IPO-fund disclosures | Possible demat-account freezes if the proposal is adopted |
| PMLA | Supreme Court | ₹6,210 crore case | Bail granted to Concast Steel managing director Sanjay Surekha |
The figures above are the amounts stated in the roundup’s headlines, not findings that every claimant will ultimately recover.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteIBC and insolvency
Appeal limitation starts on pronouncement of the NCLAT order
The Supreme Court headline states that the limitation period for challenging an NCLAT order runs from the date the order is pronounced, rather than from the later date on which a certified copy is received. Companies and insolvency professionals should therefore record the pronouncement date, calculate the statutory deadline immediately and avoid treating a copy-application or delayed dispatch as a fresh starting point.
#1 Best Overall
GST pre-deposit for companies in liquidation
The Delhi High Court is examining whether a company in liquidation can obtain an exemption from the GST pre-deposit ordinarily required to file an appeal. The issue matters because a company with frozen or insufficient assets may be unable to fund a statutory deposit even when the tax demand is disputed. The headline records an examination, not a final exemption rule.
Personal-guarantor insolvency over ₹3.95 crore
NCLT Indore admitted an insolvency plea against a personal guarantor of Sagar Autotech in relation to alleged debt of ₹3.95 crore. Admission moves the guarantor matter into the insolvency process; it does not itself establish the creditor’s final distribution or resolve every underlying dispute.
GIMCO enters CIRP under Section 10
NCLT Ahmedabad admitted GIMCO’s own insolvency application under Section 10 of the Insolvency and Bankruptcy Code and appointed an interim resolution professional. A Section 10 admission is a corporate debtor-initiated entry into the corporate insolvency resolution process, with management and creditor claims thereafter governed by the Code and the appointed professional’s statutory duties.
Recommended Free Tools
Former resolution professional must hand over records
NCLT Indore held that an erstwhile resolution professional cannot refuse to transfer records to a liquidator by invoking functus officio—the idea that a decision-maker’s authority ends after completing a task. The ruling underscores that custody and continuity of the insolvency record are practical obligations during the transition from resolution to liquidation.
Intellectual-property enforcement
Pre-litigation mediation and counterfeit cigarettes
The Calcutta High Court refused ITC an exemption from pre-litigation mediation in a counterfeit-cigarette dispute. The decision keeps the statutory mediation step in focus even in an urgent brand-enforcement setting, unless the case satisfies the applicable exception.
Blocking online sports and film piracy
The Delhi High Court blocked 20 rogue websites that were streaming DAZN’s Serie A matches. In a separate order, it protected Amazon’s forthcoming film “Nayyi Naveli” from online piracy before release. Both matters show the court using site-blocking and pre-release protection to address rapidly shifting domains and mirror sites.
Tax, customs and indirect-tax rulings
CKD electric two-wheelers without batteries do not receive the exemption
CESTAT Delhi held that completely knocked-down electric two-wheelers imported without a battery and charger do not qualify for the claimed customs-duty exemption. Importers using component-based assembly models must therefore match the exemption’s conditions to the actual imported configuration rather than assume that a missing battery is immaterial.
Airline cancellation charges treated as breach compensation
CESTAT Delhi characterized airline cancellation charges as compensation for breach of contract, not consideration for a taxable service. The classification affects how airlines and tax authorities analyze cancellation receipts, but the precise contractual terms remain important.
₹3.91 crore demand quashed in PAN-misuse case
The Delhi High Court quashed an income-tax demand of ₹3.91 crore against a security guard after finding that his PAN had been misused. The headline is a reminder to verify the underlying taxpayer and transaction trail before enforcing a demand against an individual whose identity may have been misappropriated.
Pernod Ricard reassessment challenge rejected
The Delhi High Court declined to quash Pernod Ricard’s ₹8.12 crore income-tax reassessment notice. The ruling leaves the reassessment process to continue; it is not a final determination that the tax is payable.
New facts cannot be introduced for the first time in revision
The Supreme Court said taxpayers cannot raise fresh claims based on new facts in revision proceedings. Parties seeking revision must work within the record and legal grounds permitted at that stage instead of using revision to create a new factual case.
Company-law and shareholder matters
Mediation requires consent
NCLT Ahmedabad rejected Lendingkart’s plea to compel mediation, holding that consent of the parties is essential. A party cannot unilaterally convert an adjudicatory company-law dispute into mediation without the other side agreeing under the applicable framework.
Notion Press settlement and ₹3.75 crore share-cancellation payout
NCLT Chennai approved a settlement involving Notion Press and ordered a ₹3.75 crore payout connected with cancellation of shares. The amount is the settlement payment reported in the headline; implementation follows the tribunal-approved terms.
Arbitration and infrastructure disputes
Multiple places can prevent a simple seat assumption
The Supreme Court held that an arbitration clause alone cannot determine the juridical seat when the agreement specifies multiple places. Contract drafters should identify the seat expressly and distinguish it from the venue or locations where hearings may occur.
NHAI’s nil award upheld; extra work needs proof
The Delhi High Court upheld a nil award involving a stated ₹4.37 crore NHAI claim and emphasized that extra-work claims require proof. Contractors must establish authorization, performance, measurement and contractual entitlement rather than rely on assertions that additional work was requested.
SpiceJet ordered to maintain ₹58.80 lakh
In a travel-agent dispute, the Delhi High Court directed SpiceJet to maintain ₹58.80 lakh in its bank accounts. This is an interim protective direction, not a final finding on liability or an order to pay the amount immediately.
Conditional stay of Shapoorji Pallonji award
The Calcutta High Court conditionally stayed an arbitral award against the West Bengal Housing Board. “Conditionally” means the stay operates subject to requirements set by the court, which may include security or other compliance steps in the underlying order.
Securities regulation
SEBI proposes demat freezes for undisclosed IPO-fund use
SEBI has proposed freezing promoters’ demat accounts when they fail to disclose how IPO proceeds were used. This is a regulatory proposal, not an effective sanction reported as already imposed. Promoters and listed companies should maintain a clear trail from stated objects in offer documents through board approvals, deployment and periodic disclosure.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Commercial procedure and RERA
Rejecting mediation does not defeat a later suit
The Delhi High Court held that a defendant that rejects pre-institution mediation cannot later challenge the suit solely for non-compliance with that process. The ruling prevents a party from relying on its own refusal as a procedural attack, while leaving other jurisdictional and merits objections available.
Bengaluru homebuyer’s ₹2.45 lakh dues
Karnataka’s Real Estate Appellate Tribunal upheld an order directing a homebuyer to pay ₹2.45 lakh relating to a Bengaluru flat. The amount is the outstanding sum identified in the matter, and the order remains tied to that project’s documents and payment history.
Best Value
Unishire attachment and final K-RERA order
The Karnataka High Court upheld attachment of Unishire property and said a final K-RERA order cannot be reopened through a collateral challenge. Developers and purchasers should raise their objections in the designated appellate route rather than attempt to relitigate a concluded regulatory determination.
Banking, deposits and debt recovery
₹3 crore in deposits cannot be withdrawn prematurely
The Kerala High Court rejected State Nirmithi Kendra’s plea to withdraw ₹3 crore held in bank deposits before the relevant process was complete. The decision preserves the deposits pending resolution of the competing claims or statutory conditions identified in the case.
Auction purchaser cannot obtain interest through a writ
The Karnataka High Court held that an auction purchaser could not seek interest through a writ petition after the National Consumer Disputes Redressal Commission had rejected that claim. The ruling reinforces the limits of using constitutional writ jurisdiction to obtain a remedy already refused in the specialist forum.
Free tools Windows power users keep installed
One-click scans. No signup required.
PMLA bail
Concast Steel managing director granted bail
The Supreme Court granted bail to Concast Steel managing director Sanjay Surekha in a PMLA case described in the roundup as involving ₹6,210 crore. Bail determines whether the accused remains in custody while proceedings continue; it is not an acquittal or a final ruling on the alleged proceeds of crime.
Quick Recap
What companies should do with this roundup
- Enter the NCLAT pronouncement date—not the certified-copy receipt date—in every insolvency appeal calendar.
- Review GST appeals by entities in liquidation and identify any pre-deposit exposure before filing deadlines.
- Preserve insolvency records for handover from a resolution professional to a liquidator.
- Audit IPO-proceeds tracking and promoter disclosures in anticipation of SEBI’s proposed demat-account measure.
- Draft arbitration clauses with one clearly stated seat and separate hearing venues.
- Document approvals, measurements and invoices for any alleged extra work under an infrastructure contract.
- Check PAN-linked tax demands for identity misuse and assemble documentary proof before enforcement escalates.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
