2020-TIOLCORP-NEWS-204| Friday Ocotober 09, 2020

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TIOL Mail Update
 
COMPANIES LAW
2020-TIOLCORP-106-NCLAT

Shaji Purushothaman Vs S Rajendran

Whether the period of limitation u/s 61(1) of the IBC for filing the appeal has to be counted with effect from the date of the impugned order- NO: NCLAT

Whether the Adjudicating Authority or Appellate Tribunal can substitute its view for the commercial wisdom of the Committee of Creditors - NO: NCLAT

- Case dismissed: NCLAT

 
MISCELLANEOUS
2020-TIOLCORP-139-HC-KOL-MISC

Sandip Kumar Bajaj Vs State Bank Of India

Whether a Company facing CIRP under the IBC can be subjected to proceedings for identification of Wilful Defaulters under theRBI Master Circular, 2015 - YES: HC

Whether a Show Cause Notice is required to disclose the basis of the conclusion arrived at by the Committee u/c 3(a) of the RBI Master Circular, 2015- NO: HC

- Case dismissed: CALCUTTA HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

GST - ITC refund scam - DGGI busts gang of exporters

FICCI welcomes RBI's relief for real estate sector

Election Commission relaxes Public Notice Time Period for registration of political parties

Govt extends relaxation in LTC up to Sept 25, 2022: MoS

Duty-free exports of Iron Ore - Change in policy under consideration: Govt

India has most favourable investment climate, says PM

India formalises Air Bubble Arrangements with 16 Countries

TOG

RAISE 2020: Experts debate role of AI in improving learning outcomes

'Unite to Fight Corona': PM launches public movement

TII

CLIs slowly recovering in OECD countries

 

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FLASH NEWS
First sale of Snapdeal's festival season to run from October 16,2020

BR Shetty accuses Bank of Baroda & Federal Bank of colluding with former executives of the Shetty group of companies to embezzle funds

IBM to split itself into two public companies to diversify away from its legacy businesses to focus on high-margin cloud computing

 
CORP BRIEF
Minister virtually inaugurates Gyan Circle Ventures, a MeitY–funded Technology Business Incubator

ESIC decides for prompt payment of Permanent Disablement Benefit

 
CORP EINSICHT
IBC (2nd Amendment) Act - A creditors' nightmare  
SEBI CIRCULAR
Guidelines on Inter Scheme Transfers of Securities  
SEBI REGULATION

Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) (Amendment) Regulations, 2020

Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) (Amendment) Regulations, 2020

SEBI (Listing Obligations And Disclosure Requirements) (Third Amendment) Regulations, 2020

SEBI (Issue And Listing Of Debt Securities) (Amendment) Regulations, 2020

SEBI (Debenture Trustees) (Amendment) Regulations, 2020

 
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