LiveLawBiz: Corporate Legal News Daily Round-Up: May 12, 2026

Update: 2026-05-13 03:20 GMT

IPR

Delhi High Court Questions Merchandiser's Authority To Sell Akkineni Nagarjuna-Branded T-Shirts

Delhi High Court Sets Aside Rejection Of South Korean Pharma's Patent Application, Orders Fresh Review

Delhi High Court Upholds Rejection Of Patent Application For Counterfeit Product Detection System

IBC

Supreme Court Says Appeal Without Certified Copy Was "Wholly Incompetent," Sets Aside NCLAT Order Condoning Delay

NCLT Chandigarh Orders Handover Of Aabha Industries Factory To RP, Says Arbitral Award Hit By IBC Moratorium

NCLT Mumbai Rejects Johnson Screens' Insolvency Plea Against Shapoorji Pallonji

Statutory Charge Cannot Be Waived By Marking 'N.A.' Against Security Interest In CIRP Claim Form: NCLAT

Personal Guarantor Cannot Escape Liability Due To Creditor's Withdrawal from CIRP: NCLT Jaipur

NCLAT Upholds Chamber Constructions' Liquidation, Says Parallel CIRP Against Borrower And Guarantor Maintainable

Statutory Auditor Not Part Of Company Management, Cannot Be Compelled To Assist RP Under IBC: NCLAT

NCLAT Says Gemini Engi Fab Can't Cite Delay, Quality Disputes After Itself Quantifying Dues; Upholds CIRP

Santosh Devcon Shareholder's Multi-Forum Relief Bid Was 'Forum Choosing,' Not Forum Shopping: NCLT Indore

NCLAT Refuses To Condonе 193-Day Delay, Says Registry Need Not Identify All Defective Documents

Resolution Professional Need Not Consult CoC To Appoint Professionals To Assist In CIRP : NCLAT

TAX

CESTAT Delhi Quashes Tax Demand Against IndiGo Holds Aircraft Generators Attract 18% IGST, Not 28%

ITAT Mumbai Upholds Denial Of Tax Deduction On ₹25 Lakh Donation To Kisan Party Of India

R&D Deduction Cannot Be Denied for Non-Filing of Form 3CL When Already Available With AO: ITAT Mumbai

COMPANY LAW

NCLT Ahmedabad Allows Ex-Adani Power Director To Compound Companies Act Offences On ₹9.75 Lakh Payment

NCLT Mumbai Approves Arrka Infosec-Persistent Systems Merger, Says Scheme Fair, Not Against Public Policy

NCLT Chennai Sanctions Amalgamation of Sundaram Auto Components With TVS Motor Company

NCLT Chennai Directs Meetings On Dr. Agarwal's Eye Hospital–Health Care Amalgamation Scheme

ARBITRATION

Vague Or Ambiguous Arbitration Notice Cannot Validly Commence Arbitral Proceedings: Calcutta High Court

Delhi HC Refers JioStar-Absolute Legends Dispute Over Legends League Cricket Media Rights To Arbitration

Arbitral Proceedings Cannot Be Terminated Twice; Recall Rejection Cannot Be Challenged As An Award: Delhi HC

Delhi High Court Halts Arbitration in Ramprastha–Rhine Power Dispute Pending Contempt Ruling

Allahabad High Court Refuses Writ Against MSME Council Award, Directs Recourse Under Section 34

Supreme Court Appoints Arbitrator In Ucon-Utracon Dispute Over 'Utracon' Brand Use, Share Sale Pact

Himachal Pradesh HC Says State Waived Arbitration Bid After Contesting L&T's Hydro Power Dispute For Seven Years

SECURITIES LAW

SEBI Penalises Kishore, Rakesh Biyani, Ex-Future Retail CFO ₹50 Lakh Over Disclosure Lapses

SAT Slams SEBI For 'Sleeping Over' Shree Global Tradefin Case, Sets Aside Penalties Against 7 Entities

"Precious Right To First Appeal": Supreme Court Condones 1059-Day Delay In Khelo MCX Challenge To SEBI Order

RERA

UP RERA Says Complaints Against Unregistered Projects To Be Heard After Deciding If Registration Was Required

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