LiveLawBiz: Corporate Legal News Daily Round-Up: May 29, 2026

Kirit Singhania

30 May 2026 8:56 AM IST

  • LiveLawBiz: Corporate Legal News Daily Round-Up: May 29, 2026

    SECURITIES LAW

    Supreme Court Sets Aside Fraud Findings, ₹447-Crore Disgorgement Order Against Reliance In RPL Futures Trading Case

    SEBI Imposes ₹29.15 Crore Penalty on Suzlon Energy, Directors, Officials Over Misleading Financial Disclosures

    SEBI Simplifies Nomination Rules For Demat Accounts, Mutual Fund Folios; New Norms Effective From September 1

    SEBI Drops Proceedings Against NDTV After SAT Set Aside Finding That It Was Controlled By VCPL

    'Inelegantly Drafted': Supreme Court Lays Down Two-Part Framework For Establishing Fraud Under PFUTP Regulations

    Supreme Court Defreezes Accounts Of Trader Involved In CNBC Awaaz 'Pandya Ka Funda' Market Manipulation Case

    DEBT RECOVERY LAWS

    Supreme Court Issues Notice On Challenge To HC Order Quashing FIR Against HDFC Bank CEO Sashidhar Jagdishan

    IPR

    Madras High Court Grants ITC Interim Injunction Over Alleged Infringement Of Classmate Trademark

    Delhi High Court To Pass Orders In Personality Rights Suit Of Actor Varun Dhawan

    Delhi High Court To Pass Orders In Personality Rights Suit Filed By Actor Naga Chaitanya

    IBC

    NCLT Chandigarh Allows RP Access To Sealed SRS Entertainment Premises Despite Municipal Recovery Proceedings

    IBC Not An 'Expropriatory Statute'; NCLAT Directs RP To Verify Allottee's Claim In Raguleela Builders' CIRP

    NCLT Chandigarh Admits Himalaya Food's Insolvency Plea Against A.P.J. Laboratories Over ₹14.41 Cr Default

    NCLT New Delhi Holds Cancellation Agreement Claim Outside Operational Debt, Rejects Section 9 Plea

    NCLT Jaipur Holds Section 95 IBC Maintainable For Pre-2019 Guarantees If Default Occurs Later

    TAX

    CESTAT Delhi Sets Aside Order Classifying Kitchen And Household Accessories As Furniture Parts

    CESTAT Delhi Quashes ₹3 Lakh Penalty On Customs Broker, Finds No Evidence Of Knowledge Of Export Overvaluation

    Supreme Court Grants IT Dept. Liberty To File HC Appeal In Google Ireland ₹116 Crore Tax Dispute

    ITAT Ahmedabad Deletes ₹20 Crore+ 14A Disallowance Against Axis Bank, Bars Mechanical Use of Rule 8D

    ITAT Bangalore Allows 80P Deduction On Interest Income Earned From Co-Operative Bank Deposits

    ITAT Delhi Deletes ₹99.50 Crore Addition Against Baker Hughes, Finds No Permanent Establishment In India

    ITAT Delhi Remands Cargill India's Intra-Group Services TP Dispute To TPO

    COMPANY LAW

    NCLT Kochi Restrains Popular Finance Group Companies From Alienating Assets In SFIO-Initiated Winding-Up Pleas

    NCLT New Delhi Rejects Plea To Shift Chennai Bench Case, Finds No Ground For Alleged Bias

    NCLAT Refuses Stay On EOGM For Removal Of Jagran Prakashan Independent Directors

    ARBITRATION

    Arbitration In India Has Not Failed, Courts Sometimes Have Failed Arbitration: Supreme Court

    After Corporate Veil Was Lifted, Delhi HC Lets Directors Raise Company's Objections To Arbitral Award

    Rajasthan HC Slams “Lethargic” Arbitration In ₹528 HCL–DISCOMs Dispute, Orders Fast-Track Completion

    RERA

    Haryana RERA Rejects Additional Compensation Claim Over Possession Delay After Granting Delay Interest

    Karnataka RERA Directs Mantri Developers To Register Flat, Grant Homebuyer Possession Within 60 Days

    Haryana RERA Awards ₹26.96 Lakh For Loss Of Appreciation Due To Delay In “The Heartsong” Project

    Telangana RERA Holds Sale Agreements Disguised As “Investment Agreements” Cannot Bypass Section 3

    PMLA

    Supreme Court Refuses To Interfere With Arrest Of Ex-VVCMC Town Planning Officer In Money Laundering Case

    CMRL Moves Division Bench Against Kerala HC Order Refusing To Quash ED Summons In Exalogic Case

    FEMA

    Seizure Under 37A FEMA Cannot Continue After Repatriation Of Foreign Exchange: SAFEMA Tribunal

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