2020-TIOLCORP-NEWS-151| Monday July 27, 2020

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TIOL Mail Update
 
CAPITAL MARKET LAWS

2020-TIOLCORP-02-SC-CM

SEBI Vs Akshay Aluminium Alloys Llp

Whether request for transfer of various Writ Petitions pending in different High Courts on same matter to Bombay High Court can be allowed considering that Regulatory Authorities are located in Bombay and no objection to consolidation is made - YES : SC

- Petition Allowed: SUPREME COURT OF INDIA

 
MISCELLANEOUS
  2020-TIOLCORP-101-HC-DEL-MISC

Glencore International AG Vs Hindustan Zinc Ltd

Whether appeal against Awards u/s 34 pending before Rajasthan High Court, can come in way of Decree Holder enforcing the Award before Delhi Court - NO : HC

- Case Allowed: Delhi High Court

2020-TIOLCORP-100-HC-DEL-MISC

Dharamvir Khosla Vs Asian Hotels North Ltd

Whether plaintiffs have a prima facie right in their favour and interest in land which is more than that of a lessee or of an irrevocable licensee - YES : HC

Whether rights of plaintiffs can be decided in arbitration and suits in court are not maintainable - YES : HC

- Directions Issued: DELHI HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

IGST Refund - DGGI, DRI jointly book 3 firms for Rs 600 Cr tax evasion

Centre releases Rs 1,65,302 Cr as GST Compensation to States

Eight companies conferred with FICCI CSR Awards

COVID-19: PM to launch new facilities to ramp up testing

VP expresses anguish over stigmatizing COVID-19 patients

President Kovind donates to procure Air Filtering Equipment for Corona Warriors

Implication of amendment in definition of 'turnover of zero-rated supply of goods'

TOG

MoS speaks to Assam CM and offers all possible flood assistance

HM pays rich tributes to Kargil martyrs

Minister to dedicate Guinness World Record on Tiger Day

COVID-19: Fatality rate continues to improve

 

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FLASH NEWS
Reliance Industries takeover ExxonMobil Corp and becomes world's 2 nd largest energy company after Saudi Aramco

ICICI Bank net profit rise up 36% in Q1 2020 -21

Data network solutions provider  Sterlite Technologies receivables from BSNL goes down to less than  Rs 100 crore 

 
CORP BRIEF
EPFO updates KYC for 73.58 lakh subscribers

Euromoney Awards 2020 declares HDFC Bank as India's Best Bank

MyGov movement must go forward: Prasad

Liquidity Scheme for NBFCs and HFCs gets positive response

WTO reform process should be inclusive: Goyal

 
PMLA NOTIFICATION

Extension of time till September 30, for which small accounts shall remain open

 
SEBI CIRCULAR
Relaxations relating to procedural matters - Takeovers and Buy-back  
MCA NOTIFICATION
Companies (Indian Accounting Standards) Amendment Rules, 2020  
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