LiveLawBiz: Corporate Legal News Daily Round-Up: May 16, 2026

IPR

Patna HC Quashes FIR Against Prashant Kishor Over Alleged Theft Of INC's 2020 Bihar Campaign Intellectual Property

Delhi High Court Restrains Use Of Protex, Protrilex Marks In Danone's Protinex Trademark Suit

Supreme Court Refuses Flipkart Relief In MARQ Trademark Dispute, Gives 8 Weeks To Clear Stock

Delhi High Court Upholds Interim Injunction Against Geeta Publishing House Over Subhash Dey Books

PMLA

PMLA Appellate Tribunal Sets Aside ED Order Retaining Frozen Assets Of Kwality Ex-Director Sidhant Gupta

Supreme Court Refuses Banmeet Singh Bail In Money Laundering Case Linked To Alleged Dark Web Drug Trafficking

SECURITIES LAW

SEBI Slaps ₹3.1 Crore Penalty Over Alleged Telegram-Based 'Pump And Dump' Scheme In Darshan Orna Shares

SEBI Clarifies FPI PAN Allotment Norms After New Income-Tax Rules Create Compliance Hurdles

IBC

IBC Court Can't Assume Criminal Court Role For Offences Arising Out Of Insolvency: NCLT Guwahati

NCLT Ahmedabad Admits Astron Paper To Insolvency Over Rs 1.77 Crore Dues

NCLT Mumbai Orders First Flight Couriers' Liquidation After Creditors Fail To Approve Resolution Plan

Separate Loan Agreements, Different Default Dates Do Not Require Separate Insolvency Proceedings: NCLT Mumbai

NCLT Kochi Allows Legal Heirs' Impleadment In Oppression Case As Applicant Was Unaware Of Death At Filing

NCLT Mumbai Refuses To Treat Securities Transactions By A Securities Trading Company As Fraudulent Under IBC

TAX

Supreme Court Stays ₹400 Crore GST Demand Proceedings Against Kubera Fantasy, Awaits Gameskraft Ruling

GSTAT Extends Relaxed GST Appeal Filing Guidelines On Portal Till December 31, 2026

ITAT Mumbai Deletes ₹36.54 Crore Share Premium Tax Addition, Says AO Could Not Replace Projections With Actuals

COMPANY LAW

NCLAT Dismisses Former Stone Age Director's Appeal Over Removal, Refuses New Arguments At Appellate Stage

NCLT Ahmedabad Approves Kunal Plastics-Ecoplast Amalgamation

NCLT Mumbai Orders ICAI Action Against Networth Agrotech Auditor Over Backdated Attestation of Financial Statements

NCLT Ahmedabad Sanctions Cello World, Wim Plast, Cello Consumer Products Merger-Demerger Scheme

ARBITRATION

SpiceJet Moves Supreme Court Against Delhi HC Refusal To Modify ₹144.51 Crore Deposit Condition In Dispute With Kalanithi Maran

Party Cannot Invoke HC's Supervisory Jurisdiction After Withdrawing Arbitral Award Challenge: Punjab & Haryana HC

Party Cannot Indirectly Secure Unilateral Arbitrator Appointment By Choosing Arbitration Institution: Calcutta HC

Bombay High Court Flags 'Industrial Scale' Bank Recovery Proceedings Through Self-Chosen ODR Platforms

Telangana High Court Dismisses MSME's Plea Against Arbitration Reference After Consent To Tribunal

BANKING/NBFC

RBI Imposes Penalties On Appnit Technologies, IIFL Finance For Regulatory Compliance Lapses