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LiveLawBiz: Corporate Legal News Daily Round-Up: May 15, 2026

Kirit Singhania

16 May 2026 9:31 AM IST

    • LiveLawBiz: Corporate Legal News Daily Round-Up: May 15, 2026

    SECURITIES LAW

    Adani Green Bribery Case: Gautam Adani and Sagar Adani Agree To Pay $18 Million To Settle US SEC Proceedings

    SEBI Expands Permitted End-Use Of InvIT Borrowings Where Net Borrowings Exceed 49% of Asset Value

    AIFs Without Funds Or Schemes Must File 'NIL' Quarterly Reports; SEBI Cancels Two Registrations

    SAT Mumbai Rules Tax Refund Claim Outside Its Jurisdiction, Partly Allows “Pandya Ka Funda” Review

    TAX

    States Cannot Levy Local VAT On Inter-State Sales Even If Sale Is Deemed To Occur Within The State: Supreme Court

    Mumbai CESTAT Quashes Customs Demands On SOL Mobiles, Says Phone Activation Is “Configuration”, Not “Use”

    ITAT Mumbai Says Section 43CA Does Not Cover Pre-Enactment Bookings, Grants Relief To Lodha Developers

    Income Tax Dept. Releases ITR-1, ITR-4 Utilities 45 Days After Court Indicated April 1 Timeline

    COMPANY LAW

    MP High Court Sends Bharat Commerce Asset Sale Dispute Back To Company Court To Consider Post-Auction Higher Bid

    Time Awaiting MCA Nod Cannot Extend Limitation For Companies Act Prosecution Where Law Mandates No Sanction: MP High Court

    IBC

    NCLT Mumbai Admits Homebuyers' Insolvency Plea Against Developers Of Stalled Avenue 54 Project

    NCLT Mumbai Allows Loyal Auto Globe Liquidator To Seek Release Of MPID-Attached Properties

    NCLT Ahmedabad Approves ₹29 Crore Resolution Plan for Amul Industries, Rejects Workmen's Objections

    Periyar Agro's ₹14.3 Crore Stock Could Not Have 'Vanished Like Water'; NCLT Kochi Orders Directors To Pay ₹38 Crore

    NCLAT Rejects Venugopal Dhoot's Bid To Include Videocon Foreign Oil Assets In VIL CIRP

    NCLT Kochi Rejects Bid To Claw Back Periyar Agro's Alleged 'Gift' Transfers To Suspended Directors

    IPR

    Calcutta High Court Upholds Rejection Of Suit For Skipping Mediation Under Commercial Courts Act

    Delhi High Court Imposes ₹2 Lakh Cost On Dior, Dismisses 'Poison Pot' Trademark Suit

    ARBITRATION

    Earlier Arbitration Clause Binds Developer, Society Members As Redevelopment Agreements Adopted All Terms: Supreme Court

    Bombay High Court Holds Arbitral Tribunal Cannot Rewrite EPC Contract Or Shift Contractual Risk

    High Court Cannot Reopen Arbitration Maintainability In Award Challenge After Final Reference-Stage Ruling: Supreme Court

    Order To Proceed Ex Parte In Arbitration Is Procedural, Not Challengeable Under Section 34: Delhi High Court

    Delhi High Court Refers PhysicsWallah Lease Dispute To Arbitration Despite 'Inelegantly Drafted' Clause

    RERA

    Completion Certificate Does Not Absolve Developer Of Providing Functional Promised Amenities: Bihar RERA

    DEBT RECOVERY LAWS

    Telangana HC Upholds Sale of Mortgaged Property, Says 30-Day SARFAESI Notice Period Runs From First Valid Service

    Section 138 Case Not Maintainable Against Director Once Liquidator Takes Control: Delhi High Court

    PMLA

    Delhi High Court Quashes Summons Against Compact Capital, Kalptaru Fincap In ₹539.37 Crore Sunstar PMLA Case

    Supreme Court Refuses To Interfere In Delhi HC Order Quashing NBWs Against Engineer.ai Founder

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