LiveLawBiz: Corporate Legal News Daily Round-Up: March 27, 2026

IBC

No Asset Or Repayment Assessment Needed At Admission Stage For Personal Guarantor IRP: NCLT Chennai

NCLT Ahmedabad Relies On DRT Judgment To Prove Execution Of Personal Guarantees Despite No Originals

CIRP Cannot Be Revived After Resolution Plan Approval And Liquidation: NCLAT Chennai

Non‑Compliance Of Form FA Cannot Defeat Insolvency Settlement Backed By CoC Approval: NCLT Chennai

Penal Provisions Under IBC Require Proof Of Wilful Conduct: NCLT Indore

Parties Cannot Reopen Claims Invoking Tribunal's Review Powers After Plan Is Approved: NCLT Indore

Acknowledgment Of Debt By Corporate Debtor Is Acknowledgment By Guarantor, Extends Limitation: NCLAT

IPR

Karnataka High Court Upholds Injunction Against 'TULSI' Agarbatti Mark, Finds Prima Facie Infringement Of 'TULASI'

Madras High Court Finds Geetham Restaurants Passed Off As Sangeetha For 17 Months, No Trademark Infringement

'Kaithi' Makers Move Bombay High Court Over 'Bholaa' Remake Rights Dispute

Delhi High Court To Pass Interim Orders To Protect Actor Mohanlal's Personality Rights

'Completely Identical': Delhi High Court Temporarily Injuncts Firm From Using Mark Identical To Marriott's THE EDITION

TAX

Anti-Profiteering Interest Liability Arises At Time of Supply, Not Completion Certificate: GSTAT Delhi

ITAT Mumbai Deletes ₹48.97 Lakh Tax Addition Against Zee Entertainment For Failing To Record Reasons

Finance Bill 2026: 12% Surcharge on Buybacks Applies Only to Additional Tax on Promoters'; Income Tax Dept. Clarifies

Cash Deposits During Demonetisation Cannot Be Treated As Unexplained If Recorded In Books: ITAT Chennai

Gujarat High Court Condones Delay In Filing Income Tax Return, Finds Accountant's Error Caused Genuine Hardship

COMPANY LAW

Statutory Auditors Cannot Claim Blanket Immunity Under Section 339 Of Companies Act: NCLT Mumbai

No 'Deemed Liability' For Company Directors Under Negotiable Instruments Act: Calcutta High Court

ARBITRATION

Acceptance Of Insurance Claim Under Protest Not 'Accord And Satisfaction': Bombay High Court

Chhattisgarh High Court Allows Gilcon Project's Claims, Rejects State's Appeal In Arbitration Dispute

DEBT RECOVERY LAWS

DRT Cannot Condone Delay Beyond 45 Days In Pleas Challenging SARFAESI Recovery Measures: Karnataka High Court

RERA

Haryana RERA Orders Imperia Structures To Pay ₹55 Lakh For Loss Of Property Appreciation

BANKING/NBFC

Litigant Cannot Claim Right To Privacy To Override Court Orders On Disclosure: Kerala High Court

OTHER STORIES

'PILs Filed At Behest Of Rivals Harm Corporate Reputation': Bombay High Court Rejects FIR Plea Against Reliance Industries

Bombay High Court Dismisses Plea Seeking CBI Probe Into Reliance's Alleged $1.55 Billion Gas Theft From ONGC