TIOL Mail Update
 
 
2020-TIOLCORP-NEWS-251| Wednesday December 16, 2020

Dear Member,

Sending following links.

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Tiolcorplaws

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COMPANIES LAW
2020-TIOLCORP-126-NCLAT

Apya Capital Services Pvt Ltd Vs Guardian Homes Pvt Ltd

Whether when liability is admitted and not discharged by the CD, dispute in regard to quantum of debt is immaterial at the stage of admission of application u/s 7 of IBC, 2016 unless the debt due and payable is below the statutory threshold limit - YES: NCLAT

- Appeal allowed: NCLAT

2020-TIOLCORP-18-IBBI

Pinaki Sircar

Whether conduct of an IP of accepting assignment as Liquidator after 31st December, 2019 without holding valid Authorisation for Assignment violates secs. 208(2)(a) and (e) of IBC, IP Regulations 7(2)(a), (h) and 7A r/w clauses 1, 2, 11, 12 and 14 of Code of Conduct contained in First Schedule of IP Regulations - YES: IBBI

- Notice disposed of: IBBI

 
HIGHLIGHTS (SISTER PORTAL)
  TIOL

Cabinet approves Rs 6,700cr budget to improve Northeast's power transmission, distribution

Cabinet approves Rs 3,500cr subsidy for sugarcane farmers

Cabinet nod for India-US MoU for exchange of information in energy sector

Cabinet approves next round of spectrum auction to be held in March

India logs $13.59bn in trade surplus for Apr-Nov as exports dip 14%

Industry, Govt partnership will help reach USD 5tn target by 2025: Piyush Goyal

Covid-19 Pandemic - A paradox of disaster and opportunity

TOG

UK Foreign Secretary calls on PM Modi

Quality Council launches recognition scheme to approve Hygiene Rating Audit Agencies

 

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FLASH NEWS
Fiat Chrysler invests USD 150 million to set up global tech centre in Hyderabad

Cipla introduces Covid-19 rapid antigen test kits in India

After launch of QIP issue, PNB slips 8%

 
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