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LiveLawBiz: Corporate Legal News Daily Round-Up: March 09, 2026

By - Kirit Singhania
Update: 2026-03-10 03:58 GMT

IBC

NCLT Ahmedabad Upholds Liquidator's Rejection of ₹211.87 Crore VAT and CST Claim Against Gujarat Foils

NCLT Delhi Holds IBC Not A Recovery Mechanism, Dismisses Aidem Ventures' CIRP Petition Against NEWS24

Revival Of Insolvency After Settlement Breach Not A Recovery Action: NCLT Ahmedabad

IPR

Delhi High Court Upholds Order Refusing Interim Relief To Novo Nordisk In Semaglutide Patent Dispute With Dr Reddy's

Graphical User Interfaces Not Automatically Excluded From Registration Under Designs Act: Calcutta High Court

TAX

Supreme Court Refuses To Entertain Plea Challenging Search Powers Over Digital Devices Under Income Tax Act, 1961, And 2025 Act

Gujarat High Court Sets Aside ₹30,000 Customs Penalty On Zaveri & Co. For Wrong Regulatory Action

Fox Mandal & Company Takes ₹3.9 Crore Service Tax Dispute To Supreme Court

ITAT Mumbai Deletes Additions On Individual Taxpayer, Rules Cash Redeposits Not “Unexplained”

Builder Incentives For Timely Payment Cannot Be Taxed As 'Income from Other Sources': ITAT Delhi

Gujarat High Court Grants Interim Relief To R.R. Exports Against HSNSC Cess Registration

RERA

RERA And Karnataka Apartment Ownership Act Operate At Different Stages, Not Repugnant: Karnataka High Court

MahaRERA Directs Piramal Estate To Waive 50% Interest & GST On Homebuyer For Delayed Instalment

MahaRERA Orders Sahara Prime City To Refund ₹33.84 Lakh And ₹20.87 Lakh For Decade Delay In Handing Over Flats.

Haryana RERA Directs Parsvnath Developers To Pay ₹77.63 Lakh Compensation For Delay in Possession

Punjab RERA Directs Omaxe Chandigarh Developers To Pay 10.80% Interest For Delayed Possession

Tamil Nadu RERA Dismisses Homebuyers' Complaint Against Godrej Azure Developer Over Alleged Construction Defects

COMPANY LAW

Supreme Court Refuses To Interfere With ₹1,950 Crore NSEL Settlement For Traders Hit By 2013 Default

NCLAT Stays NCLT Order Appointing Administrator For Maruti Suzuki Dealer Indus Motors

ARBITRATION

Failure To Commence Arbitration Within 90 Days Does Not Vitiate Interim Proceedings: Kerala High Court

Madras High Court Allows Enforcement Of Foreign Arbitral Award Against Non-Signatory That Issued Cheque As Security For Claim

Interim Relief Under Arbitration Act Cannot Supplant Execution Proceedings: Madras High Court

Writ Not Maintainable Against MSME Council Award When Remedy Exists Under Arbitration Act: Madras High Court

Courts Cannot Re-Examine Merits Of Foreign Arbitral Awards At Enforcement Stage: Bombay High Court Reiterates

BANKING/NBFC

ACJM Not Subordinate To CJM In Judicial Functions In SARFAESI Possession Proceedings: Bombay High Court

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