2020-TIOLCORP-NEWS-171| Tuesday August 25, 2020

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COMPANIES LAW

2020-TIOLCORP-10-NCLT

Nailesh Dresswala Vs Mtc Ecom Pvt Ltd

Whether application for CIRP can be admitted as Corporate Debtor is in default of a debt due and payable, and the default is in excess of Rupees one lakh - YES : NCLT

- Case Admitted: NCLT

2020-TIOLCORP-87-NCLAT

Sunil S Kakkad Vs Atrium Infocom Pvt Ltd

Whether there is no illegality in decision of CoC in liquidating the Corporate Debtor before taking any steps for inviting Expression of Interest for submission of Resolution Plan - YES : NCLAT

Whether statutory provision permits CoC to take decision for liquidation of Corporate Debtor at any stage of CIRP - YES : NCLAT

- Appeal dismissed: NCLAT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

India, AIIB sign USD 500 mn loan pact for suburban railway in Mumbai

Goyal reviews progress of Dedicated Freight Corridor

Articles of gold jewellery lying in stock as on 29.02.2016 - taxability thereof

GST - Compensation woes - Council needs to consult Finance Commission for way out!

TOG

 

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FLASH NEWS
Future Retail runner of supermarket chain  BigBazaar, pays $14 million pending interest on dollar bonds after missing last month's due date

TikTok and its employees sues against executive order of U.S. President banning app

Apple Inc plans to start reopening U.S. retail stores

 
CORP BRIEF
APEDA signs MoUs with AFC India to synergize agri activities  
MCA NOTIFICATION
Amendment in Schedule VII of Companies Act, 2013

Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020

 
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