LiveLawBiz: Corporate Legal News Daily Round-Up: May 23, 2026

NCLAT Dismisses Liquor Bodies' Challenge To Kerala's Jawan Rum Preference, Finds No Competition Harm

SECURITIES LAW

SEBI Impounds ₹20.25 Crore, Bars 7 In Alleged Social Media Stock Manipulation Scheme

IPR

Delhi Court Dismisses Producer's Copyright Suit Over Main Nashe Main Hoon, Other Films Against YouTube Channels

Delhi Court Restrains 9 Traders From Selling Counterfeit Polo Ralph Lauren Goods, Awards ₹5 Lakh Damages

IBC

'Enormous Delay': NCLT Bengaluru Refuses To Condone Delay In Punjab Tax Dept's Claim In Falcon Tyres Liquidation

Bombay High Court Orders Police To Ensure Hotel Horizon Property Handover, Flags Directors' Obstruction

TAX

Revenue Must Rebut Taxpayer's Claimed Date Of GST Order Communication With Cogent Evidence: Allahabad High Court

CESTAT Delhi Sets Aside Penalty Against Company As No Proof It Knew Goods Were Liable To Confiscation

Importer Cannot Contest Customs Reassessment After Accepting Enhanced Value: CESTAT Delhi

CESTAT Delhi Holds GE Vernova's Imported Products Are Relays, Not Multifunctional Devices

CESTAT Ahmedabad Sets Aside CVD Demand On Imports Made Under Advance Authorisation During Transitional Period

ITAT Ahmedabad Deletes ₹28.92 Lakh Addition, Says AO Cannot Treat Only Year-End Credit Balances As Unexplained

ITAT Ahmedabad Deletes ₹74.64 Lakh Addition After Waste Stock Discrepancy Was Adequately Explained

ARBITRATION

Re-Filing Delays In Commercial Cases Must Be Treated As Seriously As Filing Delays: Delhi High Court

Jharkhand High Court Pulls Up JSBC for Seeking Adjournment In Arbitration Matter Over Transfer of MD

Dissent Must Be an “Informed Decision,” Not “Post Facto”: Calcutta High Court Sets Aside Majority Arbitral Award

Bombay High Court Upholds Arbitral Award Rejecting Insurer's Undisclosed Expert Report In Claim Dispute

Timeline To Pass Arbitral Award Inapplicable If Arbitration Invoked Before 2015 Amendment: Delhi High Court

COMMERCIAL LAW

Calcutta HC Sets Aside Injunction, Says Market Value, Not Plaint Valuation, Determines Commercial Suit Threshold

Karnataka High Court Dismisses State Commercial Appeal Over 444-Day Delay, Calls Explanation 'Misleading'

Commercial Courts Must Explain Refusal To Impose Safeguards While Denying Summary Judgments In Lease Disputes: Calcutta HC

BANKING/NBFC

RBI Penalises City Union Bank, Two NBFCs Over Lending, Governance and KYC Compliance Lapses

DEBT RECOVERY LAWS

Calcutta High Court Denies Relief To SARFAESI Auctions Buyer After DRT Bars SBI From Issuing Sale Certificate

Calcutta High Court Refuses Wife Relief Against Bank's SARFAESI Action Despite DV Act Protection Order

PMLA

PMLA Appellate Tribunal Unfreezes Accounts Frozen Over Illegal Streaming of ICC T20 Matches By Magicwin