LiveLawBiz: Corporate Legal News Daily Round-Up: May 16, 2026

Kirit Singhania

17 May 2026 9:00 AM IST

  • LiveLawBiz: Corporate Legal News Daily Round-Up: May 16, 2026

    IPR

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

    Delhi High Court Restrains Use Of Protex, Protrilex Marks In Danone's Protinex Trademark Suit

    Supreme Court Refuses Flipkart Relief In MARQ Trademark Dispute, Gives 8 Weeks To Clear Stock

    Delhi High Court Upholds Interim Injunction Against Geeta Publishing House Over Subhash Dey Books

    PMLA

    PMLA Appellate Tribunal Sets Aside ED Order Retaining Frozen Assets Of Kwality Ex-Director Sidhant Gupta

    Supreme Court Refuses Banmeet Singh Bail In Money Laundering Case Linked To Alleged Dark Web Drug Trafficking

    SECURITIES LAW

    SEBI Slaps ₹3.1 Crore Penalty Over Alleged Telegram-Based 'Pump And Dump' Scheme In Darshan Orna Shares

    SEBI Clarifies FPI PAN Allotment Norms After New Income-Tax Rules Create Compliance Hurdles

    IBC

    IBC Court Can't Assume Criminal Court Role For Offences Arising Out Of Insolvency: NCLT Guwahati

    NCLT Ahmedabad Admits Astron Paper To Insolvency Over Rs 1.77 Crore Dues

    NCLT Mumbai Orders First Flight Couriers' Liquidation After Creditors Fail To Approve Resolution Plan

    Separate Loan Agreements, Different Default Dates Do Not Require Separate Insolvency Proceedings: NCLT Mumbai

    NCLT Kochi Allows Legal Heirs' Impleadment In Oppression Case As Applicant Was Unaware Of Death At Filing

    NCLT Mumbai Refuses To Treat Securities Transactions By A Securities Trading Company As Fraudulent Under IBC

    TAX

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

    GSTAT Extends Relaxed GST Appeal Filing Guidelines On Portal Till December 31, 2026

    ITAT Mumbai Deletes ₹36.54 Crore Share Premium Tax Addition, Says AO Could Not Replace Projections With Actuals

    COMPANY LAW

    NCLAT Dismisses Former Stone Age Director's Appeal Over Removal, Refuses New Arguments At Appellate Stage

    NCLT Ahmedabad Approves Kunal Plastics-Ecoplast Amalgamation

    NCLT Mumbai Orders ICAI Action Against Networth Agrotech Auditor Over Backdated Attestation of Financial Statements

    NCLT Ahmedabad Sanctions Cello World, Wim Plast, Cello Consumer Products Merger-Demerger Scheme

    ARBITRATION

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

    Party Cannot Invoke HC's Supervisory Jurisdiction After Withdrawing Arbitral Award Challenge: Punjab & Haryana HC

    Party Cannot Indirectly Secure Unilateral Arbitrator Appointment By Choosing Arbitration Institution: Calcutta HC

    Bombay High Court Flags 'Industrial Scale' Bank Recovery Proceedings Through Self-Chosen ODR Platforms

    Telangana High Court Dismisses MSME's Plea Against Arbitration Reference After Consent To Tribunal

    BANKING/NBFC

    RBI Imposes Penalties On Appnit Technologies, IIFL Finance For Regulatory Compliance Lapses

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