LiveLawBiz: Corporate Legal News Daily Round-Up: May 28, 2026

DEBT RECOVERY LAWS

Supreme Court Refers To Larger Bench Whether IBC Moratorium Applies To Entire Cheque Bounce Proceedings Or Only Compensatory Aspect

IBC

Supreme Court Issues Notice On Plea Alleging Jaypee Used “Facade” Deals To Divert ₹13,833 Crore Homebuyer Funds

NCLAT New Delhi Restores Resolution Plan Approval Process For Aldiam Motors, Quashes NCLT Order

NCLAT Sets Aside CIRP Against Ligare Aviation, Says Religare Transactions Were “Round Tripping Of Money”

Agreement To Sell Does Not Confer Ownership Rights Over Corporate Debtor's Property: NCLT Bengaluru

NCLAT Says Dispute Over Title To Cotton Bales In Galaxy Cotton Liquidation Lies Before DRAT

Successful Resolution Applicant Cannot Renegotiate After CoC Approves Resolution Plan: Supreme Court

TAX

Supreme Court Seeks Attorney General's Intervention Over Long-Vacant Administrative Posts In ITAT

Gujarat AAR Allows ITC On Inputs, Services Used To Set Up CCV Tower For Insulated Cable Manufacturing

Trust Eligible For 80G Approval For Religious Activities If Expenditure Stays Within 5% Cap: ITAT Delhi

Tax Department Cannot Force Net Asset Value Method When Taxpayer Uses Discounted Cash Flow: ITAT Delhi

ITAT Mumbai Quashes Bang Overseas Reassessment, Holds PCIT Sanction Invalid Under Section 151(ii)

ITAT Delhi Grants Relief To Welkin Industries, Holds Form 10-IC Delay Cannot Deny 115BAA Benefit

Digital Evidence Alone Insufficient For Section 69A Addition, Tangible Assets Must Be Found: ITAT Delhi

IPR

Delhi HC Temporarily Restrains Use Of 'Schezwan Dipping Chutney' Mark In Ching's Secret Trademark Suit

ARBITRATION

Himachal Pradesh HC Directs Mahindra To Restore DMS Access Of Ex- Authorised Service Centre Pending Arbitration

Remedy Against Refusal To Recall Arbitral Termination Lies Under Section 14(2), Not Section 34: Delhi HC

Section 9 Of Arbitration Act Limited To Interim Protection, Not Merits: Kerala High Court

“Every Day's Delay” Rule Not Pedantic, Bureaucratic Delay May Be Condoned: Himachal Pradesh High Court

Delhi High Court Refers 'Intertwined' Builder JV, Settlement And Mortgage Deed Disputes To Arbitration Without Fresh Notice

Courts Must Call For Arbitral Records Before Deciding Challenge To Arbitral Award: Sikkim High Court

SECURITIES LAW

SEBI Censures 'stockbenifits.com' Operator Over Assured 18-20% Return Claims

SEBI Drops ₹6 Lakh Penalty On Rajendra Pathak In KLIL Case, Finds No Proof Of CFO Role

RERA

Homebuyer Could Not Avoid Flat Payment Obligations Over Vastu Objection To Toilet Layout: Maharashtra RERA

PMLA

Supreme Court Sets Aside HC Order Allowing Winzo Affiliate To Use Frozen Funds For Salaries