2020-TIOLCORP-NEWS-190| Monday September 21, 2020

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COMPANIES LAW
2020-TIOLCORP-08-SC-IBC-LB

Karad Urbn Cooperative Bank Ltd Vs Swwapnil Bhingardevay

Whether the adjudicating authority can interfere on merit with the commercial decision taken by the Committee of Creditors (CoC) - NO: SC 

- Case allowed: SUPREME COURT OF INDIA

 
FEMA & PMLA
2020-TIOLCORP-10-HC-DEL-PMLA

Dr Shivinder Mohan Singh Vs Directorate Of Enforcement

Whether in the absence of compelling grounds accused can be denied bail on purely speculative and conjectural grounds - NO: HC 

- Case allowed: DELHI HIGH COURT

 
MISCELLANOUS
2020-TIOLCORP-30-SC-MISC-LB

Government Of India Vs Vedanta Ltd

Whether enforcement of Malaysian arbitral award doesn't offend public policy of India - YES : SC

Whether enforcement court can reassess the evidence - NO: SC

- Appeal dismissed: SUPREME COURT OF INDIA

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

Unfair contracts now defined in Consumer Protection Act: MoS

Vivad Se Vishwas Scheme - 35,074 taxpayers made declarations

GST revenue deficit - Borrowing to compensate States: MoS

India has 23.5 lakh HIV/AIDS Patients: Govt

Increase in ITC availability or reduction in GST rate - Sec. 171 is of no avail - NAA orders are ultra vires

Interest imbroglio u/s 50 - Board's rescue act

TOG

Govt initiated matrix of fiscal & monetary policies to deal with slowdown due to COVID-19

3,82,581 shell companies strick off: MoS

 

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FLASH NEWS
Xiaomi Corp plans to reach out to rural Indian consumers through Mi Store on Wheels

HDFC Bank issues clarification on lawsuits from US-based law firms, denies allegations and will defend itself vigorously

Mobile Premier League raises series C funding of $90 million from SIG, RTP Global, and MDI Ventures

 
CORP BRIEF
Trademark - Startup India - Concession in fees provided

15th Finance Commission recommends grants to RLBs in 28 States

Moong and Urad prices registered jump in April

Govt quarterly debt up by over 6 lakh crore

Alstom gets CCI nod for acquisition of Bombardier Transport

CCI nod to International Flavours for stake in Nutrition & Biosciences

COVID-19 cases in para-military - Fatality rate is less than 1%: MoS

 
SEBI CIRCULAR
Alternate Risk Management Framework Applicable in case of Near Zero and Negative Prices  
MCA ORDER
Exercise of the powers conferred by section 29A of Cost and Works Accountants Act 1959  
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