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

IBC

Winding Up Petitions Transferred From High Court To NCLT Cannot Be Admitted Mechanically: NCLAT

NCLAT Holds Section 198 Cannot Be Used To Extend IBC Appeal Deadline, Rejects IBBI's 103-Day Delay

IBBI Suspends Byju's Former Resolution Professional Pankaj Srivastava For Three Years

IBC Proceedings Cannot Become Evidentiary Trial: NCLT Kochi Refuses To Summon Corporate Debtor's Lessor

IPR

Delhi High Court Grants Interim Injunction To GSK Against Zee Laboratories In 'PHEXIN'-'FEXIT' Trademark Dispute

Delhi High Court Dismisses Perjury Plea Against Britannia In GOOD DAY Trademark Dispute With Desibites Snacks

Delhi High Court Finds 'Huge Counterfeiting Operation', Awards ₹2.5 Lakh Damages To HUL, P&G

Delhi High Court Grants Temporary Injunction Protecting Personality Rights Of Spiritual Leader Aniruddha Bapu

Delhi High Court Sets Aside Order Reviving Opposition To IBM's “TIVOLI” Trademark Application

TAX

Naming Judges In Affidavits Is “Totally Uncalled For”: Allahabad High Court

Check-Posts Cannot Value or Confiscate Goods in Transit: Andhra Pradesh High Court

Denial Of Cross-Examination Justified Under Excise Act When Statements Are Corroborated: Delhi High Court

Mere Presence Of Finance Minstry, CBIC In Delhi Doesn't Confer It Jurisdiction To Entertain Petition: Delhi High Court

Delhi High Court Quashes Draft IT Assessment Order Passed Before Upload Of Transfer Pricing Relief Order

Delhi ITAT Deletes Rs 11.32 Lakh Addition On Payments Towards Credit Card Dues After Source Explained

Demonetisation Cash Sales Supported by Books and VAT Returns Cannot Be Treated as Unexplained Income: ITAT Delhi

Delhi ITAT Restricts Verizon Transfer Pricing Adjustment, Says Revenue Cannot Reject Consistent Model

Delhi High Court Calls ITAT's Indefinite Adjournment After Reserving Judgment 'Sheer Wastage Of Time'

Allahabad High Court Stays Income Tax Revision, Cites No Definite Error In Reassessment Order

COMPANY LAW

NCLAT Modifies NCLT Order Dismissing Company Petition for Non-Joinder of Necessary Party, Allows Impleadment

ARBITRATION

Delhi High Court Declines Interference With Arbitral Award In TDI-DMRC Advertising Rights Dispute

Delhi High Court Dismisses UOI Challenge To ₹32.76 Crore Arbitral Award For Varindera As Time-Barred

Delhi High Court Stays Encashment of Conditional Bank Guarantees, Says Invocation Prima Facie Extra-Contractual

Supreme Court Dismisses SpiceJet Challenge To ₹144.51 Crore Deposit Order In Dispute With Kalanithi Maran

Delhi High Court Partly Sets Aside Arbitral Award Against Airports Authority Of India Over Limitation

RERA

Rajasthan REAT Dismisses 20 Homebuyers' Refund Appeals After Project Completion Certificate

Repeal Of 1993 West Bengal Building Act Does Not Extinguish Pending Proceedings: Calcutta High Court

BANKING/NBFC

Bombay High Court Quashes CBI FIR Against GTL Infrastructure Over ₹11,263 Crore Loan Restructuring

SECURITIES LAW

SEBI Imposes ₹29 Lakh Penalty on Café Coffee Day Parent, Directors and Senior Officials Over Disclosure Failures

Supreme Court Directs SEBI Recovery Officers To Decide 106 PACL Property Attachment Objections