LiveLawBiz: Corporate Legal News Daily Round-Up: May 07, 2026

Update: 2026-05-08 03:40 GMT

ARBITRATION

Calcutta High Court Temporarily Stays Arbitral Award In Tata Nano Singur Land Acquisition Dispute

Limitation In Arbitration Begins From Denial Of Claim, Not Section 21 Notice: Madhya Pradesh High Court

Financial Institution Need Not Be Secured Creditor To Invoke SARFAESI Arbitration: Bombay High Court

Arbitrator Cannot “Conjure” Mesne Profit Figure Solely On “Guesswork”: Delhi High Court

Arbitrators Cannot Import Notions Of Fairness And Equity Into Commercial Contracts: Bombay High Court

Delhi High Court Partly Sets Aside Award Denying FDR Interest Despite Invalid PBG Invocation

Courts Hearing Challenges To NH Act Arbitral Awards Cannot Enhance Compensation: Karnataka High Court

FEMA

SAFEMA Appellate Tribunal Upholds ₹3 Crore FEMA Penalty Against Thomas Cook India

SAFEMA Appellate Tribunal Upholds ₹83 Lakh FEMA Penalty On Tata Capital Forex In ₹8.36 Crore Forex Card Case

IPR

Supreme Court Stays Patna HC Order Restraining Local Company From Using “JOHNSON” Trademark, Issues Notice

IBC

MSME Protections Cannot Override IBC Once Debt And Default Are Established: NCLT Mumbai

Supreme Court Dismisses Dhanlaxmi Bank Plea Against NCLAT Order Setting Aside CIRP Against Emerald Mineral Exim

SARFAESI, DRT Proceedings Do Not Bar IBC Action Against Personal Guarantor: NCLT Mumbai

Former Director Liable To Refund Diverted Rental Income Received During CIRP: NCLT Mumbai

NCLT Guwahati Holds No Straightjacket Definition For Fraudulent Trading Under Section 66 IBC

NCLT Ahmedabad Admits Aphelion Finance's ₹6.72 Crore Section 7 Petition Against Osia Hyper Retail

NCLT Ahmedabad Admits Cotton Corporation Claim At Notional Value ₹1, Holds Contingent Claim Not Crystallised

Unusable Commercial Premises & Disruption Of Essential Services Constitute Pre-Existing Dispute: NCLAT Delhi

NCLT Kochi Admits Insolvency Plea Against Inditrade Capital Filed By MediBuddy Parent Company

NCLAT Says Om Logistics Cannot Cite Absence Of One Authorised Signatory To Explain 198-Day Refiling Delay

AP High Court Dismisses Plea Against NPA Classification; Says It Seeks To “Bypass” SARFAESI, IBC Proceedings

Supreme Court Dismisses SEBI Appeal Against NCLAT Order Rejecting Recall Plea In Pancard Clubs Insolvency

TAX

Supreme Court Refuses Tata Play Plea Against UP Entertainment Tax Demand On DTH Revenue

Rajasthan High Court Upholds GST Penalty Order Despite Absence Of DIN, Says RFN Is Sufficient

Bombay High Court Condones 430-Day Delay By Charitable Trust In Filing Declaration For Tax Exemption

State Cannot “Unjustly Enrich Itself” By Denying Refund Of Wrongly Paid Stamp Duty Over Delay: Bombay HC

SECURITIES LAW

“Structurally Redundant”: SEBI Discontinues IRRA Trading Access Platform Nearly Two Years After Introduction

Four Entities Settle Indiabulls Real Estate Fund Diversion Case With SEBI For ₹10.49 Crore

Cognizance Of SCRA Offences Requires Complaint By Government, SEBI Or Stock Exchange: Gujarat High Court

RERA

Developers Need Not Refund GST, TDS, Stamp Duty While Refunding Flat Consideration: Maharashtra REAT

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