2020-TIOLCORP-NEWS-39 | Friday, February 21, 2020

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COMPANIES LAW
  2020-TIOLCORP-24-NCLAT

Hyderabad Pollution Controls Ltd Vs S Radhakrishnan

Whether once interim directions are passed by the CLB to maintain the status quo of shareholding pattern of the company before transfer of shares, no civil suit is maintainable before the court on the interpretation of share transfer agreement - YES: NCLAT

- Appeal dismissed: NCLAT

FEMA & PMLA
  2020-TIOLCORP-01-HC-DEL-FEMA

Manak Kala Vs UoI

Whether any penalty order due to contravention of section 9(1)(b) of the FERA, 1973 relating to restriction on payments is sustainable solely on the basis statement made during the search which was later retracted - NO: HC

- Appeal allowed: DELHI HIGH COURT

MISCELLANEOUS
  2020-TIOLCORP-30-HC-DEL-MISC

Cinepolis India Pvt Ltd Vs Celebration City Projects Pvt Ltd

Whether if juridical seat of arbitration is designated at New Delhi in deed, then New Delhi Court will have jurisdiction to entertain petition, even though cause of action has arisen in Ghaziabad - YES: HC

Whether if disputes of sale deed and lease deed are intrinsically linked with each other, respondent no. 2 cannot absolve itself of obligations and liabilities under lease deeds even if it is not party to lease deed - YES: HC

- Case Allowed: DELHI HIGH COURT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

Striking down ST levy on Ocean Freight - Whether a mirage or a true relief?

Indian Rail joins hands with Birmingham Univ for research

Great Indian Bustard, Bengal Florican & Asian Elephant included in UN List

Govt promotes women-run SHGs in organic food sector

TOG

Thal Sena Bhawan - consolidated HQ to increase efficiency

Thal Sena Bhawan - consolidated HQ to increase efficiency

Railways launches HRMS Mobile App all employees

 

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FLASH NEWS
  SAP shuts office in Bangalore after two employees test positive for swine flu

Morgan Stanley to buy online trading plateform E*Trade for USD 13 bn

CORP BRIEF
  Paris based ADP files for acquisition of GMR Airports & GISL via CCI Green Channel facility

Women entrepreneurs dominates Organic Food Festival held in Delhi

126 Field Offices of MSME to participate in National Level Awareness Programme

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