2020-TIOLCORP-NEWS-08 | Friday, January 10, 2020

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COMPANIES LAW
  2020-TIOLCORP-09-NCLAT

JM Financial Asset Reconstruction Company Ltd Vs Finquest Financial Solutions Pvt Ltd

Whether when suit is pending for declaration as to which Secured Creditors has first charge, NCLT cannot allow application filed to realize security interest u/s 52 of IBC - YES : NCLAT

Whether if there is no resistance in recovering secured assets, application filed u/s 52 should not be entertained by NCLT - YES : NCLAT

- Appeal allowed: NCLAT

2020-TIOLCORP-08-NCLAT

C Shivakumar Reddy Vs Dena Bank

Whether application moved by Corporate Debtor to restructure debt or payment of interest does not amount to acknowledgement of debt - YES: NCLAT

- Appeal allowed: NCLAT

MISCELLANEOUS
  2020-TIOLCORP-04-HC-DEL-MISC

Prime Market Reach Pvt Ltd Vs Supreme Advertising Pvt Ltd

Whether in the absence of any special reference to an arbitration clause of earlier contract, a general reference of other terms of the contract is not enough to bind the parties to the mechanism of arbitration - YES: HC

- Petition dismissed: DELHI HIGH COURT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

Goyal helms meet to review SEZ policy

ITR - Joint Ownership - Status quo ante restored

1023 Fast Track Courts to be set up for rape cases

WTO-compliant export incentives under RoDTEP Scheme

TOG

Govt releases State Energy Efficiency Index 2019

USD 100 bn invested in oil & gas infrastructure: Pradhan

SEZ policy - Goyal reviews implementation of Baba Kalyani Report findings

 

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FLASH NEWS
 
Videocon case: ED attaches assets of ex ICICI Bank CEO Chanda Kochhar

Infosys Whistleblower case: Audit committee gives clean chit; says no financial misconduct by CEO Salil Parekh

TATA-Mistry feud: SC stays NCLAT December 18 order restoring Cyrus Mistry as Chairman

CORP BRIEF
 
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