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LiveLawBiz: Corporate Legal News Daily Round-Up: March 23, 2026

Kirit Singhania

24 March 2026 9:08 AM IST

    • LiveLawBiz: Corporate Legal News Daily Round-Up: March 23, 2026

    IBC

    Supreme Court Rejects Recall Plea In Disposed SLP, Says Court Cannot Compare Rival Offers Before CoC Under IBC

    NCLAT Sets Aside NCLT Order, Holds Insolvency Plea By Sole Proprietorship Maintainable Against Birla Jewels

    NCLT Indore Rejects Suspended Management Plea To Join GEI Power Resolution Plan Approval Proceedings

    Liquidation Can Be Recalled Using Inherent Powers Where Debt Is Settled: NCLT Hyderabad

    Moratorium Doesn't Extinguish The Criminal Liability In Terms Of 32A When The Plan Is Not Approved.

    Mere Pendency Of Arbitration Does Not Constitute Realizable Asset Or Extinguish Liability: NCLT Chandigarh

    NCLAT Upholds Rejection Of Belated Higher Bid In Hema Automotive Liquidation, Says Fairness Not One-Way Street

    IPR

    Delhi High Court Restores Temporary Injunction Protecting STELLADEXIN Trademark Used For Induction Cookers

    Gautam Gambhir Withdraws His Plea For Interim Relief In Personality Rights Suit Before Delhi High Court

    Delhi High Court Temporarily Restrains US-Based Company Spa De Soleil From Using 'Dermatouch' Trademark

    Delhi High Court Asks Patanjali's Acharya Balkrishna To Narrow Down Grievances In His Personality Rights Suit

    TAX

    Crossing Green Channel With Gold Hidden In Paste Form Shows Intent To Smuggle: CESTAT Hyderabad

    Paddy Reaper Without Binder Not Eligible For Customs Duty Exemption: CESTAT Chennai

    Lower Cost Of Acquisition Without Justification Not Warranted: ITAT Ahmedabad

    Balance Depreciation Allowed In Subsequent Year For Assets Used Less Than 180 Days: Madras High Court

    ITAT Ahmedabad Deletes Tax Addition Based On Loose Sheets Found During Search, Cites Lack Of Evidence

    ITAT Ahmedabad Sets Aside Ad-Hoc Expense Disallowance As AO Failed To Point Out Defects

    DEBT RECOVERY LAWS

    DRT Has No Inherent Power To Refund Court Fee In Section 17 SARFAESI Proceedings: Karnataka High Court

    ARBITRATION

    Supreme Court Calls Govt. Contractual Clause Foreclosing Redressal Before Courts "Shocking"; Restores Award For ABS Marine

    After Disputed Arbitrator Steps Down, Supreme Court Restores MSA Global–EPIL Arbitration Dispute To Delhi HC

    Supreme Court Refuses To Interfere With Arbitrator Appointment In Gini & Jony–Benetton Dispute

    Supreme Court Issues Notice On Jiostar Plea For Arbitrator In Dispute Over IPL Media Rights For Bangladesh

    Delhi High Court Rejects SpiceJet Plea To Substitute ₹144.51 Crore Deposit With Property In Dispute With Kalanithi Maran

    SECURITIES LAW

    SEBI Relaxes Reporting Norms For Stock Brokers, Removes Requirement To Report Demat Accounts

    Supreme Court Dismisses Riddhi Siddhi Appeal Against SAT Order In SEBI Delisting, MPS Norm Violations Case

    SEBI Amends ICDR Regulations, Revises Disclosure Requirements For Abridged Prospectus

    PMLA

    PMLA Appellate Tribunal Upholds ED Attachment Of Bhushan Airways' ₹30.90 Cr Cessna Aircraft

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