LiveLawBiz: Corporate Legal News Daily Round-Up: March 28, 2026

IBC

DMRC Cannot Be Forced To Revive Concession Agreement Granted To Prime Infrapark, Terminated Before CIRP: NCLAT

OTS Proposals By Corporate Debtor Extend Limitation Against Personal Guarantors: NCLT Ahmedabad

IBBI Circular Requiring RPs To Approach PMLA Court For ED-Attached Assets Not Retrospective: NCLT Kolkata

Insolvency Plea Against Personal Guarantor Filed During Interim Moratorium Is Void Even if Earlier Case Is Withdrawn: NCLAT

IPR

Madras High Court Orders Removal of 'Sugar Pop' Device Mark On Plea By Sugar Cosmetics Brand

TAX

Illegality Of Search Does Not Make Evidence Gathered Inadmissible In GST Fraud Cases: Karnataka High Court

Gujarat High Court Quashes Reassessment Based On GST Proceedings Set Aside, Finds No Independent Material

Circular Issued In Delhi Does Not Confer Jurisdiction: Delhi High Court Dismisses Plea On Goods Seized By Customs In Kolkata

Gujarat High Court Quashes Reassessment Based On GST Proceedings Set Aside, Finds No Independent Material

SBI Not In Default For Not Deducting TDS On Employees' LFC In View Of Madras HC Order: ITAT Ahmedabad

60% Tax On Unexplained Income Prospective From April 2017, Not Applicable To AY 2017–18: ITAT Ahmedabad

COMPANY LAW

NCLT Indore Directs Meetings In HEG Demerger, Bhilwara Energy Merger; Some Meetings Dispensed

NCLT Mumbai Compounds Companies Act Violations By Wadhwagroup Directors On Payment Of ₹36.10 Lakh

ARBITRATION

Encashing ₹18.64 Lakh Settlement Without Prior Objection Equals Acceptance: Bombay High Court In Reliance ARC's Plea

SECURITIES LAW

SEBI Bars Yash Trading Academy Proprietor For 2 Years For Unregistered Investment Advisory, PMS

SBICAP Trustee Settles SEBI Case Over Lapses in JM Financial ARC NCD Issuances, Pays ₹23.45 Lakh

RERA

Unregistered FAR Not By Itself A RERA Violation Without Sale Or Marketing: Haryana REAT

Marketing Entity Not A 'Promoter': Tamil Nadu RERA Refuses to Hold It Liable In Chennai Housing Project Delay

BANKING/NBFC

RBI Imposes ₹2.17 Crore Penalty On Three Public Sector Banks For Regulatory Lapses