2020-TIOLCORP-NEWS-121| Monday June 15, 2020

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TIOL Mail Update
 
 
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COMPANIES LAW
  2020-TIOLCORP-67-NCLAT

Harrish Khurana Vs Engineers India Ltd

Whether Section 59 of I&B Code can be made applicable under Voluntary Liquidation initiated pursuant to the Companies Act - YES : NCLAT

Whether appeal u/s 42 of ‘I&B Code' is maintainable before Appellate Tribunal - YES : NCLAT

- Appeal dismissed: NCLAT

 
MISCELLANEOUS
  2020-TIOLCORP-79-HC-KAR-MISC

Srit India Pvt Ltd And Whale Cloud Technology India Pvt Ltd

Whether if teaming agreement itself has been terminated by the respondent, petition filed u/s 9(2) of Act, interlocutory application as well as prayer sought for in appeal becomes infructuous and does not survive - YES : HC

- Appeal dismissed: KARNATAKA HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

Trade deficit down to USD 3.15 bn in May month

Pradhan launches Indian Gas Exchange

India joins Global Partnership for human-centric use of AI

Locust Control Program - India supplies 25 MT Insecticides to Iran

TOG

COVID-19 - Testing capacity ramped up, reaches 3 lakh per day

COVID-19 - Centre asks States to talk rates with pvt service providers

HM asks Delhi Chief Secretary to install CCTV in all COVID-19 hospitals

 

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FLASH NEWS
Ipca laboratories net profit up by 43% for FY20

LT Foods new product cuppa rice gets order from Indian Railways

JK Tyre reports Rs. 53 crore loss in Q4 FY20

 
CORP BRIEF
COVID-19 - Recovery rate improves to 52.47%

CCI nod for acquisition of 91Streets by MacRitchie Investments

Union Minister praises Karnataka CM for efficient handling of COVID-19

COVID-19 - Recovery rate soars to over 51%

EPFO launches multi-location claim settlement facility

 
MCA CIRCULAR
Clarification on passing of ordinary and special resolutions by companies under the Companies Act, 2013 read with rules made thereunder on account of Covid-19 - Extension of time  
REPORT
Report on the measures for strengthening the Enforcement of the Board and Incidental issues  
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