2020-TIOLCORP-NEWS-103| Friday May 22, 2020

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COMPANIES LAW
2020-TIOLCORP-55-NCLAT

G Eswara Rao Vs Stressed Assets Stabilisation Fund

Whether since the Corporate Insolvency Resolution Process is not a recovery proceeding, the same can't be used for any purpose other than for the resolution of insolvency, or liquidation - YES: NCLAT

- Appeal Allowed: NCLAT

 
CAPITAL LAWS
2020-TIOLCORP-01-SEBI

Aditya Birla Sun Life Amc Ltd

Whether if UPSI ceases to exist from date of its publication and shares are sold by noticee one day after BSE has been informed about UPSI, there is no violation of SEBI act and regulations - YES : SEBI

- Case Dismissed: SEBI

 
COMPETITION LAWS
2020-TIOLCORP-12-CCI

Multix Owners And Users Welfare Society And Eicher Polaris Pvt Ltd

Whether charges of abuse of dominant position are sustainable where no evidence is put forth to substantiate such allegations - NO: CCI

- Order passed u/s 26(1): CCI

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

Railways asks Zones to open up reservation booking counters

Textiles Committee comes up with fully indigenous design for PPE Testing Equipment

Anti-Dumping & CVC Probe - Forged Fluid End Blocks from India - US authorities exclude Ultra Engineers

Vehicle Scrappage policy - Recycling clusters need to come up near ports: Gadkari

TOG

Railways nabs 14 touts & 8 IRCTC agents & recovers tickets worth Rs 6.36 lakhs

Lockdown - MHA order - States asked to strictly enforce night curfew

 

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NEWS FLASH
RBI extends moratorium on term loans till August 31

RBI Governor: GDP growth is expected to remain negative this year

Class action suit against Infosys in US dismissed

 
CORP BRIEF
NTPC, ONGC join hands for renewable energy business

Nuvoco Vistas Corp gets CCI nod to acquire Emami Cement

States on board with Centre for early notification of Ecologically Sensitive Area of Western Ghats

COVID-19 - Magnetic nanoparticle-based RNA extraction kit for testing launched

Ayushman Bharat - Hospital Ranking Dashboard launched

 
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