LiveLawBiz: Corporate Legal News Daily Round-Up: April 02, 2026

COMPANY LAW

NCLT Ahmedabad Sanctions Fast-Track Amalgamation Of Adani Harbour Services With Adani Ports

NCLT Chennai Sanctions Cultfit Group Restructuring Scheme

Supreme Court Grants Pre-Arrest Bail To SRS Finance Director Ankit Sachdeva In Fraud Case, Issues Notice To SFIO

Impleadment Not Allowed Without Pleadings Or Relief Against Proposed Parties: NCLT Kochi

NCLT Ahmedabad Dispenses With Shareholder, Creditor Meetings In Alkem Medtech Ortho–Alkem Medtech Amalgamation

Restoring Struck-Off Company For Pending Tax Proceedings Won't Remove Directors' Disqualification: NCLT Ahmedabad

IBC

Purchaser Cannot Avoid Liabilities Voluntarily Accepted At Auction: NCLT Hyderabad

Abstention Not Consent: NCLT Ahmedabad Rejects Archon Engicon Guarantors' Resolution Plan For Failing 75% Vote

Going Concern Sale Not Same As Resolution Plan, No Automatic Waiver Of Dues: NCLT Ahmedabad

Consortium Member Can Independently File CIRP Plea Without Other Lenders' Consent Under IBC: NCLT Kolkata

IPR

Delhi High Court Restrains Intas 'Bevatas', Holds It Deceptively Similar To Sun Pharma's Cancer Drug 'Bevetex'

Delhi High Court Injuncts 'Gainda' Cleaning Products For Copying Harpic, Colin, Lizol Trade Dress

Delhi High Court Upholds Canadian Company's Antenna Patent, Finds Rosenberger In Infringement

Delhi High Court Sets Aside Order Refusing Patent For Harvard's Insulin-Producing Pancreatic Cells

Delhi High Court Protects Personality Rights Of 'Pookie Baba' Aniruddhacharya Ji Maharaj

TAX

Deeming Fiction vs. Evidentiary Reality: CESTAT Mumbai Limits Rule 17(2) Of Pan Masala Packing Machines Rules

ITAT Ahmedabad Upholds Reopening of IT Assessment On Cash Deposits, Orders Peak Credit Taxation

Supreme Court Refuses To Interfere With Bombay HC Order Quashing IT Assessments Against Merged Reliance Entities

ARBITRATION

Apostilled Arbitral Awards From Hague Convention Signatory Countries Enforceable If Authenticity Undisputed: Madhya Pradesh HC

Education Not Commercial Activity: Telangana High Court In Arbitration Dispute Over SVIT, Bolton School

Bombay High Court Upholds Foreign Award In TASL–Ion Exchange Dispute, Rejects Public Policy Challenge

Disputes During Subsisting Works Contract Can Be Referred To Arbitration Within 3 Years: Madhya Pradesh HC

'No Second Bite At The Cherry': Bombay High Court Refuses Plea For Fresh Arbitrator By Negligent Party

Bombay High Court Refuses to Interfere With Enhanced Compensation In NH-6 Land Acquisition Arbitration Case

SECURITIES LAW

SEBI Proposes Reintroducing Open Market Share Buybacks Via Stock Exchanges

DEBT RECOVERY LAWS

Auction Purchaser Rights Not Absolute Under SARFAESI; Must Yield Where Sale Is Illegal: Supreme Court

Proper Valuation Needed Before Fixing SARFAESI Auction Reserve Price: DRAT Kolkata

Centre Appoints Justice Sudhir Kumar Jain as DRAT Delhi Chairperson

PMLA

Delhi Excise Policy Case: PMLA Appellate Tribunal Upholds ₹24.25 Cr Attachment Of Properties Of Gautam Malhotra, Companies