2020-TIOLCORP-NEWS-114| Thursday June 04, 2020

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Tiolcorplaws

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COMPANIES LAW
 

2020-TIOLCORP-59-NCLAT

Gradient Nirman Pvt Ltd Vs IFCI Ltd

Whether since suit for recovery is a separate and independent proceeding distinct from remedy of winding-up, period spent while pursuing SARFAESI Proceedings can not extend period of limitation - YES : NCLAT

Whether right to sue accrues when a default occurs and if default has occurred over 3 years prior to the date of filing of the Application, the Application is barred under Limitation Act - YES : NCLAT

- Appeal allowed : NCLAT

 
COMPETITION LAWS

2020-TIOLCORP-14-CCI

Ved Prakash Tripathi And Director General Armed Forces Medical Services

Whether mere commonality of directors or ownership of participating firms in bid, in itself, is not sufficient to establish bid-rigging in the absence of any material indicating collusion amongst such bidders - YES: CCI

Whether commission can close application if Informant has option to raise issues before appropriate forum - YES: CCI

- Order passed under section 26(2) of Act : CCI

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

Mineral Laws - Amendments aim to open up coal sector & reduce imports

CBIC officers in Karnataka chip in to provide succour to COVID-hit citizens

NCVTC to develop of host-directed antivirals for COVID 19

TOG

MoS discusses COVID prevention measures with J&K Municipal officials

High-Voltage Committee to hand-hold foreign investments into India

 

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CORP BRIEF

FCI refutes news about 65 lakh tonnes of foodgrain rot

Amendment in Essential Commodities Act - A step to help farmers

 
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