2020-TIOLCORP-NEWS-28 | Friday, February 07, 2020

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COMPANIES LAW
  2020-TIOLCORP-18-NCLAT

K N Mahesh Prasad Vs Medinnbelle Herbalcare Pvt Ltd

Whether where the short term loan is devoid of any element of time value for money, it does not falls under the sweep of financial debt defined u/s 5(8)(f) of the IBC & thus section 7 application from such debt is not maintainable - YES: NCLAT

- Appeal dismissed: NCLAT

2020-TIOLCORP-17-NCLAT

M Ravindranath Reddy Vs G Kishan

Whether lease of immovable property cannot be considered as a supply of goods or rendering of any services & thus, cannot fall within the definition of Operational Debt u/s 5(21) - YES: NCLAT

Whether the landlord, who filed an application for recovery of alleged enhanced lease rent, cannot be treated as an operational creditor within the meaning of Section 5(20 ) r/w Section 5(21) of the IBC, 2016 - YES: NCLAT

- Appeal allowed: DELHI NCLAT

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Ease of Living Index & Municipal Performance Index 2019 launched

Take Finance Commission's Report as Beacon for Ending Slowdown

CBIC introduces Machine Release of Goods

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Ease of Living Index - Govt's indice to assess quality of life in Smart Cities

Renewable energy to supply 21% of power demand in 2021-22: MoS

DRDO, Rosoboronexport Russia ink pact for collaboration in missile pyrotechnics

 

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Ab InBev resumes sale of Budweiser beer in Delhi as Tribunal stays 3 year ban

Lockheed Martin signs MoU with BEL to support F-21 proposal for Indian Air Force

CORP BRIEF
  DefExpo 2020 - Over 200 MoUs inked

Japan promotes its cuisine & food products in India

MCA NOTIFICATION
  MCA notifies Feb 03, 2020 as date of enforcement of Companies Act 2013 provisions pertaining to takeover offer

MCA notifies Companies (Incorporation) Amendment Rules, 2020

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