TIOL Mail Update
 
 
2020-TIOLCORP-NEWS-241| Wednesday December 02, 2020

Dear Member,

Sending following links.

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Tiolcorplaws

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CAPITAL MARKET LAWS
2020-TIOLCORP-39-SAT

Avijit Saha Vs SEBI

Whether sufficient cause should receive liberal construction to advance substantial justice only when no negligence/inaction/want of bonafide is imputable to a party- YES:SAT

Whether court has power to extend period of limitation on equitable grounds - NO: SAT 

- Appeal dismissed: SAT

 
MISCELLANEOUS
2020-TIOLCORP-40-SC-MISC

Indian Commodity Exchange Ltd Vs Neptune Overseas Ltd

Whether opportunity of hearing includes granting sufficient time to noticee to respond, especially in view of voluminous records- YES: SC

Whether company can claim to have not been served with show cause notice merely because no such notice was specifically addressed to it rather was served to Managing Director - NO: SC

- Directions Issued: SUPREME COURT OF INDIA

2020-TIOLCORP-166-HC-MUM-MISC

Deepak Narendra Bagal Vs Sangli Urban Cooperative Bank Ltd

Whether HC can adjudicate a matter when specific remedy has been granted under another statute - NO: HC

Whether DRT must act in a time-bound manner and avoid unnecessary delay in adjudicating matters pertaining to disposing secured assets - YES: HC

- Petition disposed: BOMBAY HIGH COURT

 
HIGHLIGHTS (SISTER PORTAL)
  TIOL

Indian Oil launches India's first 100 Octane petrol

Anti-ship version of BrahMos supersonic cruise missile successfully test-fired

Development efforts of India, Sri Lanka 'synergistic' says Sitharaman

PLI Schemes for bulk drugs, medical devices received very positively: Govt

Reason and Order

TOG

Lucknow Municipal Corporation issues bonds worth Rs 200 Cr; listed at BSE

 

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FLASH NEWS
Tata group plans to buy 80% in BigBasket for USD 1.3 billion

Burger King India raises  rupees 364.5 crore from institutional investors

Salesforce.com Inc to buy Slack Technologies Inc. for USD 27.7 billion

 
CORP BRIEF
Renuka Gera appointed Director of Industrial Systems & Products at BHEL  
SEBI CIRCULAR
Operational guidelines for Transfer and Dematerialization of re-lodged physical shares  
MCA CIRCULAR
Relaxation of additional fees and extension of last date of filing of CRA-4  
CONSULTATION PAPER
Review of the ‘NCDs along with warrants’ as a staple product and as a segregated product, offered through Qualified Institutional Placement under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018  
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