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LiveLawBiz: Corporate Legal News Daily Round-Up: May 07, 2026

Kirit Singhania

8 May 2026 9:10 AM IST

    • LiveLawBiz: Corporate Legal News Daily Round-Up: May 07, 2026

    ARBITRATION

    Calcutta High Court Temporarily Stays Arbitral Award In Tata Nano Singur Land Acquisition Dispute

    Limitation In Arbitration Begins From Denial Of Claim, Not Section 21 Notice: Madhya Pradesh High Court

    Financial Institution Need Not Be Secured Creditor To Invoke SARFAESI Arbitration: Bombay High Court

    Arbitrator Cannot “Conjure” Mesne Profit Figure Solely On “Guesswork”: Delhi High Court

    Arbitrators Cannot Import Notions Of Fairness And Equity Into Commercial Contracts: Bombay High Court

    Delhi High Court Partly Sets Aside Award Denying FDR Interest Despite Invalid PBG Invocation

    Courts Hearing Challenges To NH Act Arbitral Awards Cannot Enhance Compensation: Karnataka High Court

    FEMA

    SAFEMA Appellate Tribunal Upholds ₹3 Crore FEMA Penalty Against Thomas Cook India

    SAFEMA Appellate Tribunal Upholds ₹83 Lakh FEMA Penalty On Tata Capital Forex In ₹8.36 Crore Forex Card Case

    IPR

    Supreme Court Stays Patna HC Order Restraining Local Company From Using “JOHNSON” Trademark, Issues Notice

    IBC

    MSME Protections Cannot Override IBC Once Debt And Default Are Established: NCLT Mumbai

    Supreme Court Dismisses Dhanlaxmi Bank Plea Against NCLAT Order Setting Aside CIRP Against Emerald Mineral Exim

    SARFAESI, DRT Proceedings Do Not Bar IBC Action Against Personal Guarantor: NCLT Mumbai

    Former Director Liable To Refund Diverted Rental Income Received During CIRP: NCLT Mumbai

    NCLT Guwahati Holds No Straightjacket Definition For Fraudulent Trading Under Section 66 IBC

    NCLT Ahmedabad Admits Aphelion Finance's ₹6.72 Crore Section 7 Petition Against Osia Hyper Retail

    NCLT Ahmedabad Admits Cotton Corporation Claim At Notional Value ₹1, Holds Contingent Claim Not Crystallised

    Unusable Commercial Premises & Disruption Of Essential Services Constitute Pre-Existing Dispute: NCLAT Delhi

    NCLT Kochi Admits Insolvency Plea Against Inditrade Capital Filed By MediBuddy Parent Company

    NCLAT Says Om Logistics Cannot Cite Absence Of One Authorised Signatory To Explain 198-Day Refiling Delay

    AP High Court Dismisses Plea Against NPA Classification; Says It Seeks To “Bypass” SARFAESI, IBC Proceedings

    Supreme Court Dismisses SEBI Appeal Against NCLAT Order Rejecting Recall Plea In Pancard Clubs Insolvency

    TAX

    Supreme Court Refuses Tata Play Plea Against UP Entertainment Tax Demand On DTH Revenue

    Rajasthan High Court Upholds GST Penalty Order Despite Absence Of DIN, Says RFN Is Sufficient

    Bombay High Court Condones 430-Day Delay By Charitable Trust In Filing Declaration For Tax Exemption

    State Cannot “Unjustly Enrich Itself” By Denying Refund Of Wrongly Paid Stamp Duty Over Delay: Bombay HC

    SECURITIES LAW

    “Structurally Redundant”: SEBI Discontinues IRRA Trading Access Platform Nearly Two Years After Introduction

    Four Entities Settle Indiabulls Real Estate Fund Diversion Case With SEBI For ₹10.49 Crore

    Cognizance Of SCRA Offences Requires Complaint By Government, SEBI Or Stock Exchange: Gujarat High Court

    RERA

    Developers Need Not Refund GST, TDS, Stamp Duty While Refunding Flat Consideration: Maharashtra REAT

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