LiveLawBiz: Corporate Legal News Daily Round-Up: May 26, 2026

Kirit Singhania

27 May 2026 9:23 AM IST

  • LiveLawBiz: Corporate Legal News Daily Round-Up: May 26, 2026

    SECURITIES LAW

    SEBI Fines Catalyst Trusteeship ₹2 Lakh For Wrong CRA Disclosure and Delay In Default Reporting

    TAX

    Reliance Industries' n-Hexane Import Cannot Be Classified As Motor Spirit Merely For Low Flash Point: Supreme Court

    GSTAT Delhi Upholds Anti-Profiteering Order Against Builder, Directs ₹63.93 Lakh Refund

    Gujarat AAR Declines To Answer GIFT SEZ Co-Developer's GST Zero-Rating Query On SEZ Supplies

    Supreme Court Issues Notice In DMRC Plea Against ₹45 Crore Service Tax Demand On Upfront Lease Premium

    Supreme Court Dismisses IT Dept's Appeal Against Pernod Ricard In Advertising Expense Tax Dispute Over Delay

    CESTAT Delhi Sets Aside ₹3.07 Crore Service Tax Demand, Upholds Cenvat Credit On Running Bills

    WhatsApp Service of SCN Not Recognised Under Central Excise Law: CESTAT Delhi

    Supreme Court Refuses To Interfere With Delay Condonation In Income Tax Dept's Appeal Against IFUNA

    Ergotamine Preparation Export Needed No NOC From Narcotics Commissioner: CESTAT Delhi Sets Aside Penalty

    Supreme Court Refuses To Interfere With HC Ruling Allowing JSW Steel's Rs 47.47 Crore Electricity Duty Refund

    COMPETITION LAW

    Supreme Court Dismisses Appeal Against NCLAT Order Clearing NSE In Co-Location Abuse Of Dominance Case

    CCI Approves Tata International Singapore-Mercuria Joint Venture For Global Commodities Trading

    BANKING/NBFC

    RBI Mandates 3-Year Cooling-Off For Co-Operative Bank Directors After 10-Year Continuous Tenure

    COMPANY LAW

    Supreme Court Sets Aside HC Ruling In Birla Corp AGM Vote Dispute; Says Majority Trustees Can Authorise Voting

    IBC

    NCLAT Upholds DGVCL's ₹8.3 Crore Pre-Insolvency Deposit Adjustment Towards Sumeet Industries' Electricity Dues

    Homebuyers' Statutory Rights Cannot Be Negated By Landowner Or Developer: NCLAT In Developer's CIRP

    NCLAT Dismisses 'BABA' Promoter Dharampal Premchand's Plea To Reopen Trimurti Foodtech Insolvency Plan

    NCLAT Sets Aside Order Initiating Insolvency Against Naxnova After NeSL Marks Debt 'Disputed'

    Settled Debt Cannot Be Revived As Operational Debt On Breach Of Settlement: NCLT Kochi In Nest Realtors CIRP

    Centre Notifies Key IBC Amendment Provisions, Operationalises Creditor-Initiated Insolvency Resolution Process

    Winding-Up Petitions Transferred From High Courts Must Meet Prevailing Insolvency Threshold: NCLAT

    Highest Score In Evaluation Matrix Doesn't Guarantee Resolution Plan Approval: NCLT Kochi

    'Wafer-Thin Majority' Alone No Ground To Reject Insolvency Resolution Plan: NCLAT

    IPR

    Delhi High Court Dismisses Ilaiyaraaja's Review Plea In 'En Iniya Pon Nilave' Copyright Dispute

    Delhi High Court Sets Aside Rejection Of Patent For VIB's Oral Protein Delivery Invention

    Urban Company Agrees Before Delhi High Court To Edit One Of Ads Allegedly Disparaging Kent RO Products

    Can Personality Rights Be Protected After Death? Meta Raises Query In Delhi HC Over Sadgurudev Babji's Personality Rights

    Delhi High Court Refuses Interim Relief To Vajiram & Ravi, Slams It For Delaying Main Trademark Suit

    ARBITRATION

    Delhi High Court Refuses Interim Relief To Commercial Space Licensee Against Delhi Metro Rail Corporation

    Delhi High Court Denies Interim Relief To Buyer As Developer's Claims Fail In Arbitration

    Denial Of Compensation Under A Particular Head Under NH Act Can Be Arbitrated: Rajasthan High Court

    Supreme Court To Examine If It Can Invoke Article 142 To Enable Arbitral-Style Dispute Resolution Where Existing Remedies Fail

    RERA

    Market Value Rise, Hypothetical Future Profits Not Enough For RERA Compensation: Karnataka REAT

    DEBT RECOVERY LAWS

    Office-Bearers Can Face NI Act Prosecution If Complaint Shows Their Role In Transaction: Supreme Court

    PMLA

    PMLA Appellate Tribunal Upholds Attachment Of Rashmi Prasad's Properties In ₹564 Crore Ritz Consultancy Case

    Kerala HC Upholds ED Summons In Probe Linked To Payments To Ex-Kerala Chief Minister's Daughter's Company

    Commercial Courts Act

    Delhi High Court Directs SpiceJet To Disclose Assets In Sunbird France Plea To Enforce ₹84 Crore Foreign Decree

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