TIOL Mail Update
 
 
2020-TIOLCORP-NEWS-254| Monday December 21, 2020

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Tiolcorplaws

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COPANIES LAW
2020-TIOLCORP-128-NCLAT

Rajendra Bhai Panchal Vs Jay Manak Steels

Whether Adjudicating Authority must set aside its order admitting an application u/s 9 of IBC due to a mistake in the Demand Notice - NO: NCLAT

- Appeal dismissed: NCLAT

 
MISCELLANEOUS

2020-TIOLCORP-41-SC-MISC-LB

Suresh Shah Vs Hipad Technology India Pvt Ltd

Whether if special statutes do not apply to any property and for lease created any relief is demanded and parties are governed by Arbitration Clause then dispute between the parties is arbitrable - YES : SC

- Petition Allowed: SUPREME COURT OF INDIA

2020-TIOLCORP-175-HC-DEL-MISC

UoI Vs DMC Infrastructure Pvt Ltd

Whether HC, u/Art of the Constitution, can interfere with orders passed by any Tribunal/Court only when the order is perverse and unjust or contrary to law - YES: HC

- Petition dismissed: DELHI HIGH COURT

 
HIGHLIGHTS (SISTER PORTAL)
  TIOL

5 States get addl borrowing of Rs 16728 Cr for meeting reform norms

EPFO enrolments rise 56% to 11.55 lakh net new subscribers in October

Discussions on global growth cannot happen only between a few: PM Modi

India eyeing 30 Cr population for vaccination

Proposed Indian privacy law

Penalties in Abundance

TOG

Paddy procurement up by 22% at 413 lakh tonnes so far

ASI removes cap on number of visitors to centrally protected sites

5 states complete Ease of Doing Business reforms, eligible for Rs 16,728 cr borrowing

8th weekly instalment of Rs 6,000cr released to states to meet GST shortfall

 

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FLASH NEWS
Edelweiss Financial to raise up to Rs 200 cr through NCDs

Delhi High Court  approves merger of Future Retail with Reliance Retail Ventures but allows Amazon to oppose

L&T Capital Markets (Middle East) Ltd dissolves

 
SEBI CIRCULAR
Core Settlement Guarantee Fund, Default Waterfall and Stress Test for Limited Purpose Clearing Corporation (LPCC)  
CORP EINSICHT
Labour Laws: A Paradigm Shift  
MCA NOTIFICAITON
Companies (Appointment and Qualification of Directors) Rules, 2014

Companies (Compromises, Arrangements and Amalgamations) Rules, 2016

 
 
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