2017-TIOLCORP-NEWS-253 | Tuesday, December 26, 2017

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COMPANIES LAW
  2017-TIOLCORP-56-HC-DEL-IBC

ATV Projects India Ltd Vs UoI

Whether since Repeal Act and IBC specifically provides for abatement of proceedings under SICA by virtue of amendment to Section 4(b) and provides for remedy of approaching the NCLT within a period of 180 days, such proceedings cannot be continued to be governed by the old enactment - YES: HC

Whether when right of the Petitioner to approach the appropriate forum had not been taken away, there cannot be any legitimate expectation and therefore, constitutional validity of Section 4(b) cannot be questioned - YES: HC

- Writ petition dismissed: DELHI HIGH COURT

 
MISCELLANOUS
  2017-TIOLCORP-73-HC-DEL-MISC

Nakshathra Construction Vs Intergen Energy Ltd

Whether no question for appointment of Arbitrator arises if there is no Arbitration Agreement between petitioner and the respondent - YES : HC

Whether if Arbitration Agreement is between the respondent and Bollareddy and Bollareddy is not a party in this petition therefore, the petition is not maintainable - YES : HC

- Order passed in favour of Respondent: DELHI HIGH COURT

 
HIGHLIGHTS (SISTER PORTALS)
   

 

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FLASH NEWS
  Dr Reddy's Lab launches Melphalan Hydrochloride for Injection in U.S. Market

L&T Construction bags orders worth Rs 3355 Cr

Suzlon & Associates commission first Operational Offshore Met Station in Arabian Sea

 
CORP BRIEF
  National capital charms foreign company but only after maharashtra

Assets of sham Cos cannot be trasnferred; Centre informs States

Appointment of Women Directors - It's not fine with Govt- 142 companies fined

 
RBI NOTIFICATION
  Prompt implementation of Governments instructions by agency banks  
SEBI CIRCULAR
  SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2017

SEBI (Issue And Listing Of Debt Securities) (Second Amendment) Regulations, 2017

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2017

 
CORP EINSICHT
  NCLT: Dawn of the new corporate solvency court  
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