2020-TIOLCORP-NEWS-159| Thursday August 06, 2020

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Tiolcorplaws

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TIOL Mail Update
 
FEMA & PMLA
2020-TIOLCORP-09-TRIBUNAL-PMLA

Dilip Kumar Lalwani Vs Directorate Of Enforcement

Whether amount alleged to be proceeds of crime, cannot be allowed to be used for business purpose till time decision is not taken on merits - YES : TRIBUNAL

- Appeal dismissed: PMLA

 
MISCELLANEOUS
2020-TIOLCORP-24-SC-MISC-LB

Chairman Board Of Trustees Cochin Port Trust Vs Arebee Star Maritime Agencies Pvt Ltd

Whether point of time at which title to the goods passes to the consignee is not relevant to determine the liability of the consignee or steamer agent in respect of charges to be paid to the Port Trust - YES : SC

Whether at point Port Trust takes charge of the goods, and gives receipt, the steamer agent may be held liable for Port Trust dues in connection with services rendered but thereafter, the importer, owner, consignee or their agent is liable to pay demurrage charges for storage of goods - YES : SC

Whether it is duty of the Port Trust to destuff every container that is entrusted to it, and return destuffed containers within short period - YES : SC

- Case disposed of: SUPREME COURT OF INDIA

2020-TIOLCORP-110-HC-MAD-MISC

N Madhavan Vs UoI

Whether if Section 5 application is rejected, it is tantamount to a rejection by the DRT of the Section 17 application and a refusal to interfere with the measures taken by the secured creditor under Section 13(4) also - YES : HC

- Case dismissed: MADRAS HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

GKRA - Rs 13240 Cr paid to migrant labourers: Govt

Goa joins MyGov Citizen Engagement Platform; 12 States are already on board

NITI Aayog's Atal Innovation Mission unveils National Winners of Tinkering Marathon 2019

GST - Compensation Cess turning into poisoned chalice for States!

 

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FLASH NEWS
Indoco Remedies receives nod from US health regulator for Olanzapine tablets for treatment of schizophrenia and bipolar disorder

Google deletes more than 2,500 YouTube channels tied to China as part of its effort to weed out disinformation

Spicejet allowing passenger to book two seats or full row to make air travel safer and  comfortable

 
CORP BRIEF

NIDM Webinar Series on 'Hydro-Meteorological Hazard Risk Reduction' concludes

 
IBBI NOTIFICATION

IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020

IBBI (Liquidation Process) (Third Amendment) Regulations, 2020

 
SEBI CIRCULAR
Administration and Supervision of Investment Advisers  
SEBI NOTIFICATION
SEBI (Listing Obligations And Disclosure Requirements) (Second Amendment) Regulations, 2020  
RBI NOTIFICATION
Resolution Framework for COVID-19-related Stress

Micro, Small and Medium Enterprises (MSME) sector - Restructuring of Advances

 
ADMINISTRATIVE ORDER
ACC extends SEBI Chairman's tenure by 18 months  
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