2020-TIOLCORP-NEWS-35 | Monday, February 17, 2020

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COMPANIES LAW
  2020-TIOLCORP-22-NCLAT

Unistil Alcoblends Pvt Ltd Vs India Brewery And Distillery Pvt Ltd

Whether section 9 application can be dismissed when there is a pre-existing dispute regarding debt when the demand notice was issued & not when there is a prior dispute at the time of filing the insolvency petition by the operational creditor - YES: NCLAT

- Appeal allowed: NCLAT

FEMA & PMLA
  2020-TIOLCORP-04-TRIBUNAL-PMLA

Indian Overseas Bank Vs Directorate of Enforcement

Whether where the attachment order has not attained finality due to availability of remedies under the PMLA, 2002, the jurisdiction to entertain the question of validity of confirmatory order passed by the Adjudicating Authority vests with the Tribunal & not with the Special Court - YES: Tribunal

Whether the interest of the banks in the property of an accused, acquired prior to the commission of the proscribed offence cannot be defeated by confirmation of provisional attachment of such property u/s 8 of the PMLA Act, 2002 - YES: Tribunal

- Appeal allowed : PMLA

MISCELLANEOUS
  2020-TIOLCORP-26-HC-DEL-MISC

Godwin Construction Pvt Ltd Vs Tulip Contractors

Whether an entity falls under the definition of ' supplier ' u/s 2(n)(iii) availing the benefits of MSME Act, when such entity has availed registration as a ' supplier ' on the date of reference of a contract - YES: HC

- Petition dismissed: DELHI HIGH COURT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

Interest on delayed filing of GST return: On gross or net tax liability?

GST Law amendments - The Saga of Contrasting Principles Continues

A scheme on the prowl - MOOWR(No.2), 2019 - A replacement to many EP Schemes

India, Norway to jointly tackle marine plastic litters

Minister praises CAT for 104% target realisation despite paucity of hands

CBIC launches capture of district-wise data or origin of export goods

Gadkari to represent India at High Level Global Conference on Road Safety in Stockholm

TOG

World Bank loans USD 450 Mn to check groundwater depletion

CBIC gathers district-wise data of export goods

CAT Members hold roundtable to improve adjudication quality & disposal rate

GulFood 2020 - India entices investment in food processing sector

 

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CORP BRIEF
  CCI approves 100% acquisition of WABCO by ZF Friedrichshafen AG
IBBI NOTIFICATION
  IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2020
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