2026

Business Law20 Jul 2026

No Sale, Just Service: Supreme Court Holds Oil PSUs Liable for Service Tax on CNG Retailing Commission from Mahanagar Gas

Civil Appeal Nos. 2471-2473 of 2015

BPCL and HPCL believed they were simply buying and reselling CNG at their fuel outlets, just like any other fuel. The Supreme Court holds that because Mahanagar Gas Ltd retained ownership, pricing…

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2026

Business Law17 Jul 2026

Tata Steel vs Varsha & Anr. — Operational Creditors' Uncrystallised Sub-Judice Claims Stand Extinguished on Resolution Plan Approval

Civil Appeal Nos. 9052-9053 of 2026 (@ Diary No. 36520 of 2019)

The Supreme Court held that once a resolution plan is approved under the IBC, only operational creditors' claims that were crystallised and quantified as on the date of approval are payable pro-rata;…

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