2020-TIOLCORP-NEWS-128| Wednesday June 24, 2020

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COMPANIES LAW
 
  2020-TIOLCORP-04-SC-CA

Shakti Nath Vs Alpha Tiger Cyprus Investment No 3 Ltd

Whether GLI is entitled to execution of SPA as its execution would not prejudice the rights and interest of the Respondents in any manner - YES: SC

Whether emails exchanged between parties reflect that earlier Respondents agreed to execute SPA but subsequently changed mind - YES: SC

- Order passed in favour of Appellant : SUPREME COURT OF INDIA

2020-TIOLCORP-07-NCLT

DCIT Vs Diamond Power Infrastructure Ltd

Whether Income Tax Department cannot file case against Corporate Debtor without prior permission from NCLT - YES : NCLT

Whether Income Tax Department can file their claim as an Operational Creditor with Resolution Professional of Corporate Debtor - YES : NCLT

- Application allowed: NCLT

 
MISCELLANEOUS
  2020-TIOLCORP-88-HC-KAR-MISC

Lakshmi Vilas Bank Vs UoI

Whether no writ of mandamus would lie to compel other party to reply to legal notice and if legal notice is not replied, then remedy in accordance with law can be availed - YES : HC

Petition disposed of: KARNATAKA HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

PFC, REC & IREDA to offer lower interest rates if developers use Indian equipments

Goyal urges Services Sector to reduce import dependence

Govt allows retention of allotted house till July 15

COVID-19 - Patanjali's claim on new drugs - Govt seeks detaisl of research & sample size

GST - No Offence - No Arrest?

TOG

Railways to give full refund for all tickets booked prior to 14th April

2 Crore construction workers given cash assistance of Rs 4957 Cr during lockdown

Cabinet extends tenure of panel on backward classes

 

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FLASH NEWS
Diageo India to give hygiene kits to bars and pubs

Mukesh Ambani's salary capped at Rs 15 crore since 2008-09, no salary hike from last 12 years

India's three state-owned refiners changes refining configurations, replacing aviation turbine fuel with diesel

 
CORP BRIEF
Cabinet okays additional investment by ONGC Videsh in Myanmar

Bio-gas financing to be brought under Priority Sector Lending: Pradhan

Minister reviews progress of Talcher Fertilizers Ltd

Locust Control - Nod likely for vehicle-mounted ULV sprayer

HRD Minister virtually launches 'YUKTI 2.0' platform for higher education institutes

 
SEBI CIRCULAR
Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19  
MCA NOTIFICATION
Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020

Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020

 
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