LiveLawBiz: Corporate Legal News Daily Round-Up: May 26, 2026

SECURITIES LAW

SEBI Fines Catalyst Trusteeship ₹2 Lakh For Wrong CRA Disclosure and Delay In Default Reporting

TAX

Reliance Industries' n-Hexane Import Cannot Be Classified As Motor Spirit Merely For Low Flash Point: Supreme Court

GSTAT Delhi Upholds Anti-Profiteering Order Against Builder, Directs ₹63.93 Lakh Refund

Gujarat AAR Declines To Answer GIFT SEZ Co-Developer's GST Zero-Rating Query On SEZ Supplies

Supreme Court Issues Notice In DMRC Plea Against ₹45 Crore Service Tax Demand On Upfront Lease Premium

Supreme Court Dismisses IT Dept's Appeal Against Pernod Ricard In Advertising Expense Tax Dispute Over Delay

CESTAT Delhi Sets Aside ₹3.07 Crore Service Tax Demand, Upholds Cenvat Credit On Running Bills

WhatsApp Service of SCN Not Recognised Under Central Excise Law: CESTAT Delhi

Supreme Court Refuses To Interfere With Delay Condonation In Income Tax Dept's Appeal Against IFUNA

Ergotamine Preparation Export Needed No NOC From Narcotics Commissioner: CESTAT Delhi Sets Aside Penalty

Supreme Court Refuses To Interfere With HC Ruling Allowing JSW Steel's Rs 47.47 Crore Electricity Duty Refund

COMPETITION LAW

Supreme Court Dismisses Appeal Against NCLAT Order Clearing NSE In Co-Location Abuse Of Dominance Case

CCI Approves Tata International Singapore-Mercuria Joint Venture For Global Commodities Trading

BANKING/NBFC

RBI Mandates 3-Year Cooling-Off For Co-Operative Bank Directors After 10-Year Continuous Tenure

COMPANY LAW

Supreme Court Sets Aside HC Ruling In Birla Corp AGM Vote Dispute; Says Majority Trustees Can Authorise Voting

IBC

NCLAT Upholds DGVCL's ₹8.3 Crore Pre-Insolvency Deposit Adjustment Towards Sumeet Industries' Electricity Dues

Homebuyers' Statutory Rights Cannot Be Negated By Landowner Or Developer: NCLAT In Developer's CIRP

NCLAT Dismisses 'BABA' Promoter Dharampal Premchand's Plea To Reopen Trimurti Foodtech Insolvency Plan

NCLAT Sets Aside Order Initiating Insolvency Against Naxnova After NeSL Marks Debt 'Disputed'

Settled Debt Cannot Be Revived As Operational Debt On Breach Of Settlement: NCLT Kochi In Nest Realtors CIRP

Centre Notifies Key IBC Amendment Provisions, Operationalises Creditor-Initiated Insolvency Resolution Process

Winding-Up Petitions Transferred From High Courts Must Meet Prevailing Insolvency Threshold: NCLAT

Highest Score In Evaluation Matrix Doesn't Guarantee Resolution Plan Approval: NCLT Kochi

'Wafer-Thin Majority' Alone No Ground To Reject Insolvency Resolution Plan: NCLAT

IPR

Delhi High Court Dismisses Ilaiyaraaja's Review Plea In 'En Iniya Pon Nilave' Copyright Dispute

Delhi High Court Sets Aside Rejection Of Patent For VIB's Oral Protein Delivery Invention

Urban Company Agrees Before Delhi High Court To Edit One Of Ads Allegedly Disparaging Kent RO Products

Can Personality Rights Be Protected After Death? Meta Raises Query In Delhi HC Over Sadgurudev Babji's Personality Rights

Delhi High Court Refuses Interim Relief To Vajiram & Ravi, Slams It For Delaying Main Trademark Suit

ARBITRATION

Delhi High Court Refuses Interim Relief To Commercial Space Licensee Against Delhi Metro Rail Corporation

Delhi High Court Denies Interim Relief To Buyer As Developer's Claims Fail In Arbitration

Denial Of Compensation Under A Particular Head Under NH Act Can Be Arbitrated: Rajasthan High Court

Supreme Court To Examine If It Can Invoke Article 142 To Enable Arbitral-Style Dispute Resolution Where Existing Remedies Fail

RERA

Market Value Rise, Hypothetical Future Profits Not Enough For RERA Compensation: Karnataka REAT

DEBT RECOVERY LAWS

Office-Bearers Can Face NI Act Prosecution If Complaint Shows Their Role In Transaction: Supreme Court

PMLA

PMLA Appellate Tribunal Upholds Attachment Of Rashmi Prasad's Properties In ₹564 Crore Ritz Consultancy Case

Kerala HC Upholds ED Summons In Probe Linked To Payments To Ex-Kerala Chief Minister's Daughter's Company

Commercial Courts Act

Delhi High Court Directs SpiceJet To Disclose Assets In Sunbird France Plea To Enforce ₹84 Crore Foreign Decree