2020-TIOLCORP-NEWS-209| Friday Ocotober 16, 2020

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TIOL Mail Update
 
COMPANIES LAW
2020-TIOLCORP-12-NCLT

DCC Vs Jyoti Structures Ltd

Whether a claim filed after a long delay even after the approval under Resolution Plan is maintainable – NO: NCLT 

- Application rejected: NCLT

2020-TIOLCORP-107-NCLAT

Kundan Care Products Ltd Vs Amit Gupta

Whether the Adjudicating Authority under the IBC has jurisdiction to allow withdrawal of a Resolution Plan approved by the Committee of Creditors - NO: NCLAT 

- Appeal dismissed: NCLAT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

Cargo movement between India & Iran - 40% discount extended by a year

25 lakh virtual hearings took Place in various Courts of India during COVID19: Law Minister

Mumbai emerges as major destination for NCB

FM attends Plenary Meeting of IMF Panel

TOG

Railways issues policy on development of Goods-sheds through private investment

PFRDA crosses Rs 5 lakh crore AUM milestone

 

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FLASH NEWS
ReNew Power plans to tap offshore bond market to raise around $320 million to refinance local debt

IT firm  Mindtree decides salary hike for employees effective January

HCL Technologies registers net profit of Rs 3,142 crore and declare interim dividend

 
CORP BRIEF
Enough scope for making IBC more efficient: CEA

Pradhan appeals to Steel Industry to work towards making India Atmanirbhar

 
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