2020-TIOLCORP-NEWS-129| Thursday June 25, 2020

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TIOL Mail Update
 
 
COMPANIES LAW
 
  2020-TIOLCORP-69-NCLAT

Hussan Kadri Vs Edelweiss Asset Reconstruction Company Ltd

Whether application for CIRP is not barred by limitation as acknowledgment in the form of letters/ OTS/ Settlement terms has been made by ‘Corporate Debtor' before expiry of period of limitation - YES : NCLAT

- Appeal dismissed: NCLAT

 
CAPITAL MARKET LAWS
  2020-TIOLCORP-23-SAT

SBI Life Insurance Company Ltd Vs IRDAI

Whether regulatory authority while exercising powers u/s 34 has power enough to issue an order of disgorgement - YES: SAT

Whether interest earned on premium collected in advance is unlawful gain which is liable to be disgorged - YES: SAT

Whether collecting premium in advance does not convert LPPT policy into a single premium policy especially when the commission is only paid when it fell due - YES: SAT

- Appeal partly allowed: SAT

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

Govt launches another funding scheme to help distressed MSME sector

Railways to generate 8 lac mandays of employment opportunity for migrants

HRD Ministry releases roadmap for NCERT for 2020-21

NITI Aayog, ITF launch decarbonizing transport project in India

Geopolitical Kerfuffle - China, proven regional bully, heading for d, 3 s/dt 3 military status!

TOG

MSDE-IBM partnership unveils free digital learning platform to reach job-seekers

HM hails Cabinet decisions, terms them 'landmark'

Govt explores ways to re-use dredging material

CBDT extends deadline for return filing

 

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FLASH NEWS
Cyient join hands with Microsoft to improve ‘ Internet of Things' solutions for customers

Online credit and payments startup Slice raises Rs 46 crore from Japan's Gunosy Capital & others

Unilever plans to rename Fair & Lovely face cream

 
CORP BRIEF
2% Interest Subvention approved on prompt repayment of Shishu Loans

Republic of Mali awards consultancy contract to NTPC for Solar Park

Minister reviews various aspects of proposed Bulks drugs and medical device park

 
SEBI CIRCULAR
Guidelines for Order-to-trade ratio (OTR) for Algorithmic Trading  
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