2020-TIOLCORP-NEWS-26 | Wednesday, February 05, 2020

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COMPANIES LAW
  2020-TIOLCORP-05-NCLT

Abhijit Guhathakurta Vs Central Goods and Services Department

Whether where the valuation of the corporate debtor undergoing insolvency process is adversly-affected due to cancellation of GST registration for non-payment of taxes, it is imperative that the GST Department accepts manual returns along with physical GST deposits during the moratorium period - YES: NCLT

- Application allowed: NCLT

2020-TIOLCORP-16-NCLAT

Bijay Kumar Agarwal Vs State Bank of India

Whether if application filed by financial creditor under IBC is admitted against principal borrower then second application can be admitted for same set of claim and default against corporate guarantor - NO : NCLAT

- Order passed in favour of Appellant: NCLAT

MISCELLANEOUS
  2020-TIOLCORP-21-HC-KERALA-MISC

Hope Constructions Vs Federal Bank Ltd

Whether if there is statutory and efficacious alternative remedy available in the form of appeal before Tribunal, Court will not decide case on merits - YES: HC

- Case Disposed of: KERALA HIGH COURT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

Vivad Se Vishwas Scheme excludes search, prosecution, assets located abroad cases

Burden of simplifying taxation

Health Cess - Is it really a boon for the Domestic Medical Devices Industry?

Budget 2020: Govt's approach to plug GST revenue leakages - recipient's worry

Several steps taken for funding of NBFCs under CGS: MoS

Soaring mental health problem - Need for attitudinal change!

PM annouces formation of Ram Bhoomi Trust with 67 acres of land

Cabinet okays International flights between India & Lanka

Cabinet nod for New Major Port at Vadhavan

Govt has 6.83 lakh vacant posts: MoS

TOG

Cabinet nod to new major Port in Maharastra; project to cost about Rs 65544 Cr

Cabinet okays Institutes of Information Technology Laws Amendment Bill, 2020

DGFT working on portal to develop all districts as Export Hubs

iGOT - Govt deliberates on ways to strengthen its human resources

 

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FLASH NEWS
  IOCL bags contract with Rosneft to import 2 mn tonnes of Russian oil

Bharti Airtel shuts 3G services across 11 circles to boost existing 4G networks

Cognizant acquires Paris based EI Technologies

CORP BRIEF
  Govt keeping close watch on adverse market practices of online retailers

Alliance Air to fly international flights between India & Srilanka after Cabinet dispensation

MCA NOTIFICATION
  Govt amends NCLT Rules 2016 regarding application in cases of Takeover offer of unlisted companies

Govt amends Compromises, Arrangements & Amalgamations Rules, 2020

Nidhi Amendment Rules, 2020

SEBI CIRCULAR
  Common Application Form for Foreign Portfolio Investors
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