2020-TIOLCORP-NEWS-148| Wednesday July 22, 2020

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COMPANIES LAW
 

2020-TIOLCORP-77-NCLAT

V Nagarajan Resolution Professional Vs SKS Ispat And Power Ltd

Whether moratorium order passed u/s 14 does not apply to surety in a contract of guarantee to a Corporate Debtor - YES: NCLAT

Whether appeal filed by Corporate Debtor is barred by time as Appellant filed Appeal on 08th June 2019 against the order dated 31st December 2019 - YES : NCLAT

- Appeal dismissed: NCLAT

 
MISCELLANEOUS
  2020-TIOLCORP-99-HC-MUM-MISC

Premier Employees Union Vs State of Maharashtra

Whether government order pertaining to employees wages during lockdown because of pandemic COVID - 19, can be invoked in a situation where the management and workmen are involved in industrial adjudication relating to non-payment of wages and suspension of work, much prior to closure of establishments due to the lockdown- NO: HC

Whether trade union is entitled to the benefit of the central government order dated 29.03.2020 and the Maharashtra government resolution dated 31.03.2020 - NO : HC

- Directions Imposed: BOMBAY HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

GST - An agenda for reforms - Part - 85 - GST Appellate Tribunal - Extended time-limit for establishment

Private Trains: 16 applicants participate in pre-application meet

COVID-19: India currently has 8.07% positivity rate

TOG

CBIC, CBDT ink pact for smoother data exchange

Private trains - Railways host pre-application conference

India, US Energy Partnership - Action Plan of sustainable growth discussed

 

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FLASH NEWS

Regional airline Trujet to reduce salaries of employees by minimum 50 percent amid oronavirus pandemic

Sanjiv Bajaj to be new chairman of Bajaj Finance on 31 July, 2020 post retirement of Rahul Bajaj after serving for 33 years

TikTok to add around 10,000 new jobs in US over next three years

 
CORP BRIEF
Corruption impacting development of country: Naidu  
SEBI CIRCULAR
Review of Stress Testing Methodology for Positions with Early Pay-in  
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