2020-TIOLCORP-NEWS-108| Thursday May 28, 2020

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COMPETITION LAWS
2020-TIOLCORP-14-CCI

RH Agro Pvt Ltd And State Bank Of India

Whether a bank availing remedy available to it under SARFAESI Act for recovery, can be termed as a dominant entity, if it acts in accordance with provision thereof for recovery of its funds so as to mitigate losses - NO: CCI

- Order passed u/s 26(2): CCI

 
MISCELLANEOUS
2020-TIOLCORP-73-HC-DEL-MISC

Spentex Industries Ltd Vs Quinn Emanuel Urquhart And Sullivan Llp

Whether as the agreement is governed by laws prevailing in the USA, where contingency fee is not barred, it cannot be held that Engagement Letter and Arbitration Agreement is null and void or inoperative or incapable of being performed - YES : HC

Whether if the proceedings are substantially for recovery of fee/money, same would tantamount to a commercial relationship as per section 45 of the Arbitration Act - YES : HC

Whether if there is a component of fixed fee also, entire contract is not based only on contingency fees - YES : HC

- Order passed in favour of Respondent: DELHI HIGH COURT
 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

PM for expediting plan for carbon-neutral Ladkh & transparent DISCOMs

Worst is over for economy, Commerce Minister tells Industries

COVID-19: Recovery rate improves to 42.4%; Fatality rate further dips to 2.86%

COVID-19 - Ahh, Oof & Ouch!

TOG

PM moots incentive for States to improve power distribution

CIPET to take up R&D initiatives in the areas of Health Care

NHAI gears up to keep NHs in good condition before monsoon 

 

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NEWS FLASH
Govt slaps $520 mn demand notice on Cairn Oil after audit discrepancy  
CORP BRIEF
FM attends Special Board of Governors meeting of New Development Bank

COVID-19 - PFC to provide lunch to Doctors and other Medical Staff

 
MCA NOTIFICATION
Govt notifies nomination of 5 members in ICAI quality review board

Govt extends tenure of Chairperson, members of ICAI quality review board by 3 yrs

 
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