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

The Patna High Court has quashed an FIR against political strategist Prashant Kishor in a case over allegations that he used campaign materials claimed as intellectual property by Shashwat Gautam, a data analytics professional associated with the Indian National Congress.The court held that criminal law cannot be invoked merely by invoking the phrase “intellectual property” where the allegations do not disclose any offense. The bench further found that the material claimed by Gautam was...

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

The Supreme Court on Friday stayed further proceedings arising out of a nearly ₹400 crore GST demand raised by the Directorate General of GST Intelligence (DGGI) against Kubera Fantasy Pvt Ltd over allegations that its online fantasy sports platform amounted to betting/actionable claims liable to 28% GST. A Bench of Chief Justice Surya Kant and Justice Joymalya Bagchi adjourned the matter to await the Supreme Court's decision in DGGI (HQS) v. Gameskraft Technologies Pvt. Ltd where the court is...

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

SpiceJet Limited and its chairman, Ajay Singh, have moved the Supreme Court against a Delhi High Court order refusing to allow them to secure ₹144.51 crore due to Kalanithi Maran and Kal Airways by depositing title deeds of SpiceJet's Gurugram property instead of making a cash deposit in their long-running arbitration dispute.A Bench of Justices Pamidighantam Sri Narasimha and Alok Aradhe will likely hear Spicejet's plea on May 19. On review petitions filed by SpiceJet and Ajay Singh, the High...

LiveLawBiz: Corporate Legal News Daily Round-Up: May 15, 2026

SECURITIES LAW Adani Green Bribery Case: Gautam Adani and Sagar Adani Agree To Pay $18 Million To Settle US SEC ProceedingsSEBI Expands Permitted End-Use Of InvIT Borrowings Where Net Borrowings Exceed 49% of Asset ValueAIFs Without Funds Or Schemes Must File 'NIL' Quarterly Reports; SEBI Cancels Two RegistrationsSAT Mumbai Rules Tax Refund Claim Outside Its Jurisdiction, Partly Allows “Pandya Ka Funda” ReviewTAX States Cannot Levy Local VAT On Inter-State Sales Even If Sale Is Deemed To Occur...

States Cannot Levy Local VAT On Inter-State Sales Even If Sale Is Deemed To Occur Within The State: Supreme Court

The Supreme Court on Friday held that a state cannot impose its own Value-Added Tax (VAT) on a transaction that qualifies as an inter-state sale merely because the Central Sales Tax Act deems the sale to have taken place within that state for the limited purpose of identifying which state may collect tax. A bench of Justice J.K. Maheshwari and Justice Atul S Chandurkar held that where the statutory provision defining an inter-state sale conflicts with the provision determining the deemed...

Earlier Arbitration Clause Binds Developer, Society Members As Redevelopment Agreements Adopted All Terms: Supreme Court

The Supreme Court has recently referred a redevelopment dispute between a developer and five members of a co-operative housing society to arbitration, holding that an arbitration clause in an earlier development agreement became binding through later accommodation agreements that adopted all its terms. "This was, thus, not a case of mere reference to an earlier agreement but a case where the parties to the later contract clearly intended to import the Development Agreement, body and soul, into...

Delhi High Court Imposes ₹2 Lakh Cost On Dior, Dismisses 'Poison Pot' Trademark Suit

A Delhi district court has dismissed a trademark infringement suit filed by luxury French perfume house Parfums Christian Dior against Indian cosmetics maker Maja Health Care Division and two others over the 'Poison Pot' mark. The court held that Dior failed to establish its legal identity and proper authorisation to sue. It also failed to prove infringement and passing off on their merits. District Judge Anubhav Jain of Patiala House Courts delivered the judgment on May 12, nearly 14 years...

High Court Cannot Reopen Arbitration Maintainability In Award Challenge After Final Reference-Stage Ruling: Supreme Court

The Supreme Court has recently held that where a court has already conclusively ruled in proceedings under Section 11 of the Arbitration and Conciliation Act, 1996 that arbitration is maintainable and that finding has attained finality, the issue cannot be reopened later in a Section 37 challenge to the arbitral award. “When the Courts have ruled on the fact that application under Section 11 of the Act was maintainable and when such a decision has attained finality, revisiting the issue of...

Supreme Court Refuses To Interfere In Delhi HC Order Quashing NBWs Against Engineer.ai Founder

The Supreme Court on Friday refused to interfere with a Delhi High Court ruling quashing non-bailable warrants issued by the Enforcement Directorate against Engineer.ai founder Sachin Dev Duggal in a Videocon-linked money-laundering probe.A Bench of Justices Dipankar Datta and Satish Chandra Sharma, after briefly hearing the parties, declined to interfere with the Delhi High Court's order.The Delhi High Court on December 19, 2025 had quashed the warrants, holding that non-bailable warrants...

Adani Green Bribery Case: Gautam Adani and Sagar Adani Agree To Pay $18 Million To Settle US SEC Proceedings

Industrialists Gautam Adani and Sagar Adani have agreed to pay a total of $18 million in civil penalties to settle a securities fraud case brought by the United States Securities and Exchange Commission (SEC), arising from allegations of bribery and misleading disclosures linked to Adani Green Energy Ltd. and related securities offerings. Gautam Adani agreed to pay $6 million while Sagar Adani agreed to pay $12 million under consent filings submitted before the US District Court for the Eastern...

NCLAT Rejects Venugopal Dhoot's Bid To Include Videocon Foreign Oil Assets In VIL CIRP

The National Company Law Appellate Tribunal (NCLAT) at Delhi on Friday held that the foreign oil and gas assets of Videocon Oil Ventures Ltd (VOVL) and its subsidiaries in Brazil and Indonesia cannot be included in the Corporate Insolvency Resolution Process (CIRP) of Videocon Industries Ltd (VIL). The bench of Judicial Member Yogesh Khanna and Technical Member Ajai Das Mehrotra set aside the Mumbai NCLT's February 12, 2020 order directing inclusion of these assets in VIL's information...

Income Tax Dept. Releases ITR-1, ITR-4 Utilities 45 Days After Court Indicated April 1 Timeline

Despite a judicial direction that income tax return filing utilities be made available from April 1 every year, the Income Tax Department on Friday (May 15) released the ITR-1 and ITR-4 utilities for Assessment Year 2026-27, formally opening the return filing season for salaried taxpayers and small businesses. The utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) were made available on the Income Tax Department's e-filing portal, allowing eligible taxpayers to begin preparing and filing returns for...