LiveLawBiz: Corporate Legal News Daily Round-Up: March 31, 2026

IBC

Fresh IBC Plea Maintainable Despite No Liberty To File Fresh Petition At Withdrawal Of Earlier Plea: NCLT Chennai

NCLAT Dismisses SGN Appeal On Its Claims Over Tower 5 Of Morpheus Bluebell In CIRP Against Its Developer

NCLAT Upholds NCLT Mumbai Order Directing Eviction Of Unauthorised Occupant In Infra Company CIRP

NCLT Kolkata Refuses To Invalidate Shree Padmawati Metaliks CIRP Bidding Process After Applicant Skips Participation

IPR

Delhi High Court Sets Aside Ex-Parte Interim Injunction on K.S. Oils' 'KALASH' Trademark, Notes CIRP Sale Of Company

Bombay High Court Refuses MINCO Injunction Against Sister Concern Over 13-Year Acquiescence

TAX

Tax Exemptions Are 'Defeasible' Concessions, Not Enforceable Rights: Supreme Court

Karnataka High Court Holds Bona Fide Purchaser Entitled To ITC, Reads Down Rules In Favor Of Instakart

Delhi High Court Grants Interest on Delayed Customs Duty Refunds To Mobile Importers, Denies Relief To Lava

Delhi High Court Quashes Reassessment Against Sports Events Company As Time-Barred, Calls It Change of Opinion

Delhi High Court Quashes Reassessment, Special Audit Against Huawei For AY 2013-14; Upholds Reopening For AY 2015-16

Limitation To Pass Transfer Pricing Order Cannot Be Extended By Treating Remand As Fresh Reference: Karnataka High Court

Excise Appeals To High Court On Substantial Questions Of Law Maintainable After NTT Act Struck Down: Patna High Court

COMPANY LAW

NCLT Chandigarh Confirms UKIBC India's 55.39% Capital Reduction Scheme

NCLT Chennai Compounds AGM Delays By Seal Infotech, Imposes ₹17.61 Lakh Penalty On Company, Directors

NCLAT Dismisses MMTC Appeal Against NSEL's Settlement Scheme With Traders

ARBITRATION

Foreign Arbitral Award Unenforceable In India Without Valid Arbitration Agreement: Kerala High Court

Contractual Bar On Damages Does Not Exclude Right To Restoration Of Benefits: Bombay High Court Modifies Arbitral Award

Limitation To Challenge Arbitral Award Begins On Delivery Of Signed Award Copy To Party: Madhya Pradesh HC

RERA

Maharashtra REAT Rejects Plea For Promoter Substitution In Lapsed RERA Project; Fresh Registration Only Remedy

Bihar RERA Drops Suo Motu Case Against Developer; Finds No Advertisement Of Unregistered Project

COMMERCIAL LAWS

Supervisory Jurisdiction Of High Court Can Be Invoked Against Refusal To Reject Plaint In Commercial Suits: MP High Court

BANKING/NBFC

RBI Issues Trade Relief Measures Amid West Asia Crisis, Allows 450-Day Export Credit Tenor

RBI Imposes ₹31.80 Lakh Penalty On Airtel Payments Bank For Non-Compliance With Disclosure Norms

OTHER STORIES

Union Budget 2026-27: Centre Notifies Finance Act, 2026