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LiveLawBiz: Corporate Legal News Daily Round-Up: March 04, 2026

By - Kirit Singhania
Update: 2026-03-05 03:52 GMT

TAX

Actor Rajinikanth Gets Relief As CESTAT Chennai Sets Aside ₹56.84 Lakh Service Tax Demand On Hotel Lease

Assessment Order Against Deceased Person Without Hearing Legal Heirs Invalid: Rajasthan High Court

Tax Evasion Prosecution Not Liable To Be Terminated If IT Penalty Set Aside On Technical Grounds: Kerala High Court

Taxpayer Cannot Escape Prosecution By Filing Revised Returns Post-Search: Kerala High Court

Notice Issued By Officer Without Jurisdiction Cannot Sustain Assessment: ITAT Quashes Assessment

IBC

NCLAT Dismisses Rolta Employees' Appeal Challenging Resolution Plan Payout

Remuneration Paid To Directors For Managerial Services Not Fraudulent Without Proof Of Intent To Defraud: NCLAT

IBBI Suspends Insolvency Professional For 2 Years For Operating CIRP Account After Liquidation Commenced

NCLT Bengaluru Issues Notice To HAL In ₹8.41 Crore Insolvency Plea By Ujaas Energy Over Arbitral Award

Fixed Deposit Of Corporate Debtor Cannot Be Withheld After Resolution Plan Approval If No Claim Filed: NCLAT

NCLAT Dismisses Sri Bajrang Wind Park Insolvency Plea Against Inox Wind Over Pre-Existing Dispute

RERA

Karnataka RERA Orders Ozone Developers Group To Refund ₹1.10 Crore To Homebuyer Over Possession Delay

Deemed Conveyance Orders Passed Before 2025 Amendment Of MOFA Remain Valid: Bombay High Court

Bathinda Development Authority To Refund ₹13.25 L To Allottee, Arbitration Clause No Bar: Punjab RERA

Tamil Nadu RERA Orders Registration Of Prestige Silver Springs As An 'Ongoing' Project

Builders Cannot Charge Labour Cess Or Work Contract Tax from Homebuyers: Haryana RERA

ARBITRATION

Absence Of Physical Signature Does Not Invalidate Arbitration Agreement If Correspondence Shows Reliance On It: Bombay High Court

General Contempt Jurisdiction Cannot Be Invoked Directly For Breach Of Arbitral Interim Orders: Delhi High Court

DEBT RECOVERY LAWS

Bank Cannot Cancel Confirmed Auction Sale Due To Pending DRT Proceedings: Kerala High Court

MSME

Conciliation Under MSMED Act Is Mandatory, Cannot Be Waived By Parties: Kerala High Court

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