LiveLawBiz: Corporate Legal News Daily Round-Up: March 21, 2026

COMPANY LAW

NCLT Mumbai Allows BASF India's First Motion In Demerger Scheme, Dispenses With Meetings Of Shareholders, Creditors

Share Capital Increase Without Notice To Family Shareholders Amounted To Oppression In Daruka Papers Case: NCLAT

SECURITIES LAW

SEBI Allows Processing Of Vishvaraj Environment IPO Documents After RBI Regularises Violations

IBC

NCLT Mumbai Admits Personal Insolvency Plea Against Frost International's Guarantor Over Rs 285 Crore Default

NCLT Jaipur Says Only CoC Can Approve CIRP Costs, Dismisses Plea By RP Of Aesthetic Stone Arts As Not Maintainable

Mere Non-Reflection Of Funds In Books Not Proof Of Fraud Under IBC: NCLT Kochi

SRA Need Not List All Assets In Resolution Plan; Undisclosed FDRs Belong To Corporate Debtor SPS Steels: NCLAT

IPR

Madras High Court Refuses To Remove 'Ayyappan Brand' Trademark, Says Minor Variations In Mark Do Not Affect Identity

Delhi High Court Records Interim Arrangement In Novo Nordisk–Torrent Pharma Patent Dispute Over Semaglutide

Madras High Court Temporarily Injuncts 'Freedum' Oil Mark In Dispute With Gemini Edibles' 'Freedom' Brand

ARBITRATION

Contractual Disputes Involving Tax Compliance Arbitrable, Not Sovereign Tax Levy Issues: Allahabad High Court

TAX

Services With Direct Or Indirect Relation To Output Service Qualify As Input Services: CESTAT New Delhi

Once Goods Found Of Indian Origin, Customs Seizure Arbitrary And Malafide: Allahabad High Court

RERA

Meerut Development Authority's Re-Auction Of Plot After Price Rise Arbitrary; Allahabad High Court Orders Reconsideration

BANKING/NBFC

Bombay High Court Upholds PMC Bank–Unity SFB Amalgamation, Dismisses Challenges To RBI Scheme

COMPLIANCE & REGULATORY

Finance Minister Nirmala Sitharaman Launches PRARAMBH 2026, Unveils Income Tax Website 2.0