TIOL Mail Update
 
 
2020-TIOLCORP-NEWS-223| Friday November 06, 2020

Dear Member,

Sending following links.

Warm Regards,
Tiolcorplaws

For assistance please call us at +91 850 600 0282 or email us at helpdesk@tiol.in.

 
COMPANIES LAW
2020-TIOLCORP-114-NCLAT

Gujarat Urja Vikas Nigam Ltd Vs Yes Bank Ltd

Whether moratorium declared u/s 14 of IBC applies to agreements along with other immovable and moveable properties of corporate debtor- YES: NCLAT 

- Appeal dismissed: NCLAT

 
MISCELLANEOUS
2020-TIOLCORP-34-SC-MISC-LB

Hindustan Unilever Ltd Vs State Of Madhya Pradesh

Whether in the absence of the Company, the Nominated officer cannot be convicted - YES : SC

Whether order of remand to the trial court to fill up the lacuna is not a fair option due to failure of the trial court to convict the Company renders the entire conviction of the Nominated Person as unsustainable - YES : SC

- Appeal allowed: SUPREME COURT OF INDIA

2020-TIOLCORP-33-SC-MISC-LB

C Bright Vs District Collector

Whether time limit provided u/s 14 of SARFAESI Act for District Magistrates to deliver possession of secured asset is not mandatory - YES : SC

Whether remedy u/s 14 of SARFAESI Act is not rendered redundant if the District Magistrate is unable to handover the possession as District Magistrate would still be enjoin upon, the duty to facilitate delivery of possession at earliest - YES : SC

- Appeal dismissed: SUPREME COURT OF INDIA

2020-TIOLCORP-152-HC-DEL-MISC

Relaxo Footwears Ltd Vs XS Brands Consultancy Pvt Ltd

Whethera party is not liable to be sued for infringement of a trademark if it only endorsesa brand with no ownership interest in it– YES: HC.

Whether an order passed on the basis of submission made in the Court can be reviewed if the submission was found to be possibly malafide at a later stage during the pendency of proceedings – YES: HC 

- Case disposed: DELHI HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

Income Tax conducts searches in Kerala & West Bengal

PM calls for investments in smaller cities too

India hosts meeting with Indonesian Working Group on Coal

Govt eases guildelines for 'other service provider' in BPO & ITes Sectors

GST - An agenda for reforms - Part - 89 - Advance rulings - Eliminating adversity and bringing clarity

Liaison Offices under GST - a tale of conflicting advance rulings

TOG

PM to address Delhi IIT Convocation Ceremony tomorrow

 

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FLASH NEWS
Jet Airways submits revival plan approved by committee of creditors to NCLT

Flipkart Group to buy stake in Universal Sportsbiz

Suzuki Motor Corp forecast  double-digit decline in net profit and revenue for 2020

 
CORP BRIEF
1300 bright minds come together at Gov Tech-Thon 2020 to solve grassroot problems

Govt liberalises norms for ITes units engaged in data-related work

 
CORP EINSICHT
Liquidation must be the last resort  
SEBI CIRCULAR
Investor Grievance Redressal Mechanism

Outsourcing of activities, Business Continuity Plan, Disaster Recovery, Cyber Security & Cyber Resilience framework

 
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