LiveLawBiz: Corporate Legal News Daily Round-Up: May 29, 2026

SECURITIES LAW

Supreme Court Sets Aside Fraud Findings, ₹447-Crore Disgorgement Order Against Reliance In RPL Futures Trading Case

SEBI Imposes ₹29.15 Crore Penalty on Suzlon Energy, Directors, Officials Over Misleading Financial Disclosures

SEBI Simplifies Nomination Rules For Demat Accounts, Mutual Fund Folios; New Norms Effective From September 1

SEBI Drops Proceedings Against NDTV After SAT Set Aside Finding That It Was Controlled By VCPL

'Inelegantly Drafted': Supreme Court Lays Down Two-Part Framework For Establishing Fraud Under PFUTP Regulations

Supreme Court Defreezes Accounts Of Trader Involved In CNBC Awaaz 'Pandya Ka Funda' Market Manipulation Case

DEBT RECOVERY LAWS

Supreme Court Issues Notice On Challenge To HC Order Quashing FIR Against HDFC Bank CEO Sashidhar Jagdishan

IPR

Madras High Court Grants ITC Interim Injunction Over Alleged Infringement Of Classmate Trademark

Delhi High Court To Pass Orders In Personality Rights Suit Of Actor Varun Dhawan

Delhi High Court To Pass Orders In Personality Rights Suit Filed By Actor Naga Chaitanya

IBC

NCLT Chandigarh Allows RP Access To Sealed SRS Entertainment Premises Despite Municipal Recovery Proceedings

IBC Not An 'Expropriatory Statute'; NCLAT Directs RP To Verify Allottee's Claim In Raguleela Builders' CIRP

NCLT Chandigarh Admits Himalaya Food's Insolvency Plea Against A.P.J. Laboratories Over ₹14.41 Cr Default

NCLT New Delhi Holds Cancellation Agreement Claim Outside Operational Debt, Rejects Section 9 Plea

NCLT Jaipur Holds Section 95 IBC Maintainable For Pre-2019 Guarantees If Default Occurs Later

TAX

CESTAT Delhi Sets Aside Order Classifying Kitchen And Household Accessories As Furniture Parts

CESTAT Delhi Quashes ₹3 Lakh Penalty On Customs Broker, Finds No Evidence Of Knowledge Of Export Overvaluation

Supreme Court Grants IT Dept. Liberty To File HC Appeal In Google Ireland ₹116 Crore Tax Dispute

ITAT Ahmedabad Deletes ₹20 Crore+ 14A Disallowance Against Axis Bank, Bars Mechanical Use of Rule 8D

ITAT Bangalore Allows 80P Deduction On Interest Income Earned From Co-Operative Bank Deposits

ITAT Delhi Deletes ₹99.50 Crore Addition Against Baker Hughes, Finds No Permanent Establishment In India

ITAT Delhi Remands Cargill India's Intra-Group Services TP Dispute To TPO

COMPANY LAW

NCLT Kochi Restrains Popular Finance Group Companies From Alienating Assets In SFIO-Initiated Winding-Up Pleas

NCLT New Delhi Rejects Plea To Shift Chennai Bench Case, Finds No Ground For Alleged Bias

NCLAT Refuses Stay On EOGM For Removal Of Jagran Prakashan Independent Directors

ARBITRATION

Arbitration In India Has Not Failed, Courts Sometimes Have Failed Arbitration: Supreme Court

After Corporate Veil Was Lifted, Delhi HC Lets Directors Raise Company's Objections To Arbitral Award

Rajasthan HC Slams “Lethargic” Arbitration In ₹528 HCL–DISCOMs Dispute, Orders Fast-Track Completion

RERA

Haryana RERA Rejects Additional Compensation Claim Over Possession Delay After Granting Delay Interest

Karnataka RERA Directs Mantri Developers To Register Flat, Grant Homebuyer Possession Within 60 Days

Haryana RERA Awards ₹26.96 Lakh For Loss Of Appreciation Due To Delay In “The Heartsong” Project

Telangana RERA Holds Sale Agreements Disguised As “Investment Agreements” Cannot Bypass Section 3

PMLA

Supreme Court Refuses To Interfere With Arrest Of Ex-VVCMC Town Planning Officer In Money Laundering Case

CMRL Moves Division Bench Against Kerala HC Order Refusing To Quash ED Summons In Exalogic Case

FEMA

Seizure Under 37A FEMA Cannot Continue After Repatriation Of Foreign Exchange: SAFEMA Tribunal