2020-TIOLCORP-NEWS-45 | Monday, March 02, 2020

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MISCELLANEOUS
  2020-TIOLCORP-07-SC-MISC

UoI Vs Rajat Infrastructure Pvt Ltd

Whether where no amount is determined by the DRT, it is sine qua non for the appellant to pre-deposit 50% or 25% of the debt due as per section 18 of the SARFAESI Act, 2003 before DRAT can admit the appeal - YES: SC

Whether if the amount offered by the highest bidder during auction is below the value of the mortgaged property, the DRAT is entitled to entertain the appeal without deposit of any amount - NO: SC

- Appeals allowed: SUPREME COURT OF INDIA

2020-TIOLCORP-32-HC-DEL-MISC

Narender Kumar Nehra Vs Bhupinder Singh

Whether if offer in conformity with auction reserve price fixed has been accepted as minor financial gain which may result in, it cannot be the sole criteria for deviating from sale process - YES : HC

- Order passed in favour of Appellant: DELHI HIGH COURT

2020-TIOLCORP-31-HC-DEL-MISC

Parmeet Singh Chatwal Vs Ashwani Sahani

Whether failure of party to appear before arbitral tribunal during proceedings can be assumed as admission of allegation made against it - NO : HC

- Order passed in favor of petitioner: DELHI HIGH COURT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

GST - An agenda for reforms - Part - 75 - Transitional credit - A judgment and retrospective amendment

PFMS has saved Rs one lakh crore for Exchequer: FM

83.5 lakh GSTR-3B filed up to Feb 29 for Jan month

DDU-GKY scheme - over 4.39 lakhs candidates trained so far

Govt taking steps to enhance oil & gas production: Pradhan

TOG

Govt working to promote clean energy: Pradhan

Govt takes steps to entice investment in petrol pump business

DRDO unveils device with enhanced IED detection ability

PFMS plugged leakage of over Rs 1 lakh crore: Fin Min

 

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FLASH NEWS
  NBCC bags construction project worth Rs 65 cr from BHEL in Jharkhand

Pekka Lundmark replaces Rajeev Suri as Nokia CEO

CORP BRIEF
  Govt reduces entry barriers for start-ups dealing with defence development

With Japan as partner Centre to make Odisha as nerve centre of Purvodaya in steel sector

MCA NOTIFICATION
  Govt exempts experienced Directors from giving online test on appointment of Independent Director
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