LiveLawBiz: Corporate Legal News Daily Round-Up: May 05, 2026

BANKING/NBFC

Bombay High Court Quashes FIR Against HDFC Bank CEO Sashidhar Jagdishan By Lilavati Trust

Delhi High Court Dismisses Stock Broker's Plea Against Order Summoning Him In ₹42,000 Crore DHFL Fraud Case

IBC

NCLAT Upholds Insolvency Admission Against JV Partner As Claim Arose From Supply Obligation

Supreme Court Pulls Up GNIDA For 'Persistent Inaction' In Monitoring Projects, Restores Earth Towne Resolution Plans

NCLAT Sets Aside Order Admitting Equinox India Developments Ltd. Into Insolvency

Bombay High Court Orders Constitution Of Special Bench Of NCLT To Dispose Of JM Financial's ₹167 Cr Insolvency Plea

CoC Not Bound To Accept Plan With Highest NPV: NCLAT In Vedanta's Plea Against Adani's JAL Plan

NCLAT Declines Travel Permission To Bankrupt Individual As Basis For Travel Has Ceased

IPR

Delhi High Court Restrains Brahmastra Pharmacy From Using 'STAND UP' Mark Over Trade Dress Similarity

MasterChow Agrees To Stop Using Dhurandhar Character In Its Ad; Bombay HC Records Settlement In Jio's Suit

Bombay High Court Restrains United Biotech From Using 'OTIDE' Mark In Dispute With Sun Pharma

TAX

No Fresh GST Demand For Same Amount Without Credit For Reversed ITC: Orissa HC Sets Aside Tax Demand

ITAT Mumbai Allows Deduction For Donation To PM Relief Fund Despite Being Part Of CSR

NFAC Must Decide Appeal on Merits, Cannot Dismiss for Non-Prosecution: ITAT Delhi

ITAT New Delhi Sets Aside Rejection Of Trust Registration Over Missing Irrevocability Clause

ARBITRATION

Karnataka High Court Allows Alternate Security In Arbitral Award Execution Despite Finality Of Stay Condition

Karnataka High Court Dismisses AVTEC Appeal, Holds Unilateral Appointment Of Sole Arbitrator Invalid

Madras HC Refuses To Strike Off Suit In Dispute Over 49th South India Motor Rally Despite Arbitration Clause

Madras High Court Paves Way for Release of Gautham Vasudev Menon's Dhruva Natchathiram Subject To Conditions

Madhya Pradesh HC Upholds Continuation Of Court-Granted Interim Relief After Arbitral Tribunal Formation

Withdrawn Claim Cannot Be Revived In Arbitration: Delhi HC Upholds Setting Aside Of Award Against Omaxe

SECURITIES LAW

SEBI Proposes Early Pay-In Benefit To Options Contracts In Commodity Derivatives, Invites Comments

SEBI Proposes Allowing OBPPs To Offer IFSCA-Regulated Products, Seeks Public Comments

RERA

Telangana RERA Says Buyers Who Paid For Beccun Flats Are Allottees Even Without Sale Agreement

PMLA

PMLA Tribunal Sets Aside ₹315 Cr ED Attachment Against Viceroy Hotels, Applies Section 32A IBC Immunity

Receipt Of Indian Rupees From NRE Account Not “Foreign Exchange Dealing” Under FERA: Delhi High Court