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

IPR Delhi High Court Questions Merchandiser's Authority To Sell Akkineni Nagarjuna-Branded T-ShirtsDelhi High Court Sets Aside Rejection Of South Korean Pharma's Patent Application, Orders Fresh ReviewDelhi High Court Upholds Rejection Of Patent Application For Counterfeit Product Detection SystemIBC Supreme Court Says Appeal Without Certified Copy Was "Wholly Incompetent," Sets Aside NCLAT Order Condoning DelayNCLT Chandigarh Orders Handover Of Aabha Industries Factory To RP, Says Arbitral...

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

The Supreme Court on Tuesday set aside an NCLAT order condoning delays in filing and refiling an insolvency appeal against the approval of a resolution plan for Samson and Sons Builders and Developers Pvt Ltd, holding that the appeal was a “wholly incompetent appeal” as there was effectively no filing of a valid appeal in the eyes of the law.A bench of Justices Sanjay Kumar and K. Vinod Chandran set aside the NCLAT's November 10, 2025 order condoning delays of 15 days in filing and 150 days in...

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

The Securities and Exchange Board of India (SEBI) on Tuesday imposed a consolidated penalty of ₹50 lakh on Future Retail founder Kishore Biyani, former managing director Rakesh Biyani, and the company's former chief financial officer C.P. Toshniwal for disclosure violations relating to related party transactions involving the company. SEBI's Quasi Judicial Authority Santosh Shukla passed the order. The proceedings concern alleged securities law violations by promoters of Future Retail Limited...

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

The Ahmedabad bench of the National Company Law Tribunal (NCLT) has allowed former Adani Power Whole Time Director Vneet S. Jain to compound allegations that included failure to disclose related-party transactions and other accounting irregularities in Adani Power's financial statements. “The material on record does not indicate any direct prejudice to the interests of the shareholders, creditors or the public,” the tribunal observed. Judicial Member Shammi Khan and Technical Member Sanjeev...

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

The Supreme Court on April 30 appointed former Punjab and Haryana High Court judge Justice K. Kannan as sole arbitrator to resolve a dispute between Chennai-based Ucon PT Structural System Pvt. Ltd. and Singapore-based Utracon entities over an alleged breach of a 2012 share sale agreement. A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi said objections relating to limitation, arbitrability, and the scope of the arbitration clause would be decided by the arbitral...

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

The Supreme Court recently restored Khelo MCX Research Services' appeal against SEBI's order directing it to refund money collected while acting as an unregistered investment adviser, condoning a 1059-day delay in approaching the Securities Appellate Tribunal while observing that a first appeal is a “precious right.” "In view of the above, we are inclined to condone the delay in filing the appeal. This will, however, be subject to the appellant paying cost quantified at Rs. 5,00,000/- (Rupees...

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

The Delhi High Court on Tuesday questioned a merchandise seller's claim that it was lawfully selling Akkineni Nagarjuna-branded T-shirts, after the defendant admitted it had no direct agreement with either the actor or the production house and could not immediately produce documents establishing its claimed authority. The exchange took place before Justice Tushar Rao Gedela in veteran Telugu actor Akkineni Nagarjuna's personality rights suit against entities allegedly using his name, image, and...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 11, 2026

IPRDelhi High Court Protects boAt Co-Founder Aman Gupta's Personality Rights From Online MisuseT-Series Tells Delhi HC That Trimurti's 1988 Assignment Lets It Use Tridev's 'Oye Oye' In Dhurandhar 2Delhi High Court Protects Select CityWalk, Bars Use of Deceptively Similar “Global CityWalk” MarkDelhi High Court Restrains Electronics Retailer From Screening Films On TVs Without Copyright Society's LicenceBombay High Court Restrains Circulation Of Berger Paint Ad Suggesting Asian Paints Product Was...

LiveLawBiz Indirect Tax Weekly Round-Up: May 04 - May 10, 2026

SUPREME COURTSupreme Court Seeks Revenue Explanation On Digitisation Of Missing GST Files In Bengal Cold Rollers CaseCase Title : Bengal Cold Rollers Private Limited v. The Assistant Commissioner (ST) & Ors. Case Number : SLP (C) No. 12390/2026 CITATION : 2026 LLBiz SC 182The Supreme Court has sought an explanation from the Revenue regarding the digitisation of 14 files seized in a GST investigation that are now stated to be missing in the case of Bengal Cold Rollers Pvt. Ltd. The taxpayer...

LiveLawBiz Direct Tax Weekly Round-Up: May 04 - May 10, 2026

HIGH COURTSBombay HCBombay High Court Condones 430-Day Delay By Charitable Trust In Filing Declaration For Tax ExemptionCase Title : Bombay Prathana Samaj Vs The Union of India and Ors. Case Number : WRIT PETITION NO. 2039 OF 2025 CITATION : 2026 LLBiz HC(BOM) 267The Bombay High Court has condoned a 430-day delay by Bombay Prathana Samaj, a charitable trust, in submitting a mandatory declaration required for claiming a tax exemption benefit, after finding that the trust had shown reasonable...

LiveLawBiz IPR Weekly Digest: May 3 - May 10, 2026

SUPREME COURTSupreme Court of India Upholds HC Order Allowing Grasim Additional Evidence In BIRLA Trademark RowCase Title: Saboo Tor Pvt Ltd v. Grasim Industries Ltd & Ors Case Number: Petition(s) for Special Leave to Appeal (C) No(s). 14099/2026 Citation: 2026 LLBiz SC 175The Supreme Court on Monday refused to interfere with the Bombay High Court's order permitting Grasim Industries to place additional documents on record in its trademark dispute with Saboo Tor Pvt Ltd over the use of the...

Bombay High Court Restrains Circulation Of Berger Paint Ad Suggesting Asian Paints Product Was A 'Fraud'

The Bombay High Court has restrained the circulation of a Berger Paints advertisement comparing its Easy Clean product with an Asian Paints paint, after finding a prima facie case of product disparagement and flagging a meme in the clip that exclaimed “Fraud!”.Justice Arif S. Doctor held that a “clear case of disparagement” was made out. The ad-interim order was passed on May 8 in a commercial intellectual property suit filed by Asian Paints Limited against Namgial Enterprise and others,...