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LiveLawBiz: Corporate Legal News Daily Round-Up: May 28, 2026

Kirit Singhania

29 May 2026 9:22 AM IST

    • LiveLawBiz: Corporate Legal News Daily Round-Up: May 28, 2026

    DEBT RECOVERY LAWS

    Supreme Court Refers To Larger Bench Whether IBC Moratorium Applies To Entire Cheque Bounce Proceedings Or Only Compensatory Aspect

    IBC

    Supreme Court Issues Notice On Plea Alleging Jaypee Used “Facade” Deals To Divert ₹13,833 Crore Homebuyer Funds

    NCLAT New Delhi Restores Resolution Plan Approval Process For Aldiam Motors, Quashes NCLT Order

    NCLAT Sets Aside CIRP Against Ligare Aviation, Says Religare Transactions Were “Round Tripping Of Money”

    Agreement To Sell Does Not Confer Ownership Rights Over Corporate Debtor's Property: NCLT Bengaluru

    NCLAT Says Dispute Over Title To Cotton Bales In Galaxy Cotton Liquidation Lies Before DRAT

    Successful Resolution Applicant Cannot Renegotiate After CoC Approves Resolution Plan: Supreme Court

    TAX

    Supreme Court Seeks Attorney General's Intervention Over Long-Vacant Administrative Posts In ITAT

    Gujarat AAR Allows ITC On Inputs, Services Used To Set Up CCV Tower For Insulated Cable Manufacturing

    Trust Eligible For 80G Approval For Religious Activities If Expenditure Stays Within 5% Cap: ITAT Delhi

    Tax Department Cannot Force Net Asset Value Method When Taxpayer Uses Discounted Cash Flow: ITAT Delhi

    ITAT Mumbai Quashes Bang Overseas Reassessment, Holds PCIT Sanction Invalid Under Section 151(ii)

    ITAT Delhi Grants Relief To Welkin Industries, Holds Form 10-IC Delay Cannot Deny 115BAA Benefit

    Digital Evidence Alone Insufficient For Section 69A Addition, Tangible Assets Must Be Found: ITAT Delhi

    IPR

    Delhi HC Temporarily Restrains Use Of 'Schezwan Dipping Chutney' Mark In Ching's Secret Trademark Suit

    ARBITRATION

    Himachal Pradesh HC Directs Mahindra To Restore DMS Access Of Ex- Authorised Service Centre Pending Arbitration

    Remedy Against Refusal To Recall Arbitral Termination Lies Under Section 14(2), Not Section 34: Delhi HC

    Section 9 Of Arbitration Act Limited To Interim Protection, Not Merits: Kerala High Court

    “Every Day's Delay” Rule Not Pedantic, Bureaucratic Delay May Be Condoned: Himachal Pradesh High Court

    Delhi High Court Refers 'Intertwined' Builder JV, Settlement And Mortgage Deed Disputes To Arbitration Without Fresh Notice

    Courts Must Call For Arbitral Records Before Deciding Challenge To Arbitral Award: Sikkim High Court

    SECURITIES LAW

    SEBI Censures 'stockbenifits.com' Operator Over Assured 18-20% Return Claims

    SEBI Drops ₹6 Lakh Penalty On Rajendra Pathak In KLIL Case, Finds No Proof Of CFO Role

    RERA

    Homebuyer Could Not Avoid Flat Payment Obligations Over Vastu Objection To Toilet Layout: Maharashtra RERA

    PMLA

    Supreme Court Sets Aside HC Order Allowing Winzo Affiliate To Use Frozen Funds For Salaries

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