2020-TIOLCORP-NEWS-49 | Friday, March 06, 2020

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COMPANIES LAW
  2020-TIOLCORP-31-NCLAT

JSW Steel Ltd Vs Mahender Kumar Khandelwal

Whether after approval of a Resolution Plan u/s 31 of the IBC, is it open to the Directorate of Enforcement to attach the assets of the Corporate Debtor on the alleged ground of money laundering by erstwhile Promoters - NO: NCLAT

Whether if allowed, such attachment of the assets will affect the main intent of the IBC -YES: NCLAT 

- Appeal allowed: NCLAT

MISCELLANEOUS
  2020-TIOLCORP-33-HC-DEL-MISC

Kanti Bijlee Utpadan Nigam Ltd Vs GSCO Infrastructure Pvt Ltd

Whether in absence of element of fraud or irretrievable injury, the beneficiary party in whose favour the unconditional bank guarantee is drawn cannot be injuncted by the Arbitral Tribunal from encashing it while entertaining an application u/s 17 of the Act of 1996 - YES: HC

Whether if the invocation of bank guarantee does not form part of the terms of reference, the Arbitral Tribunal cannot examine such question when the application is filed u/s 17 - YES: HC

Whether where the party does not take an objection to the jurisdiction, it is for the Arbitral Tribunal to decide the extent of its jurisdiction according to the terms of reference - YES: HC

- Appeal allowed: DELHI HIGH COURT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

Interest on delayed payment of tax - Section 50 riddle

Holi Festival - Railways plans to run 402 special train services in March

6.3 lakh Pensioners to be benefited from restoration of Normal Pension after 15 Years: EPF Board

CBDT issues FAQs on Vivad se Vishwas Scheme

TOG

PMUY biggest harbinger of women empowerment: Pradhan

Govt notifies revised uniform road accident reporting system

Deccan Queen Express between Mumbai and Pune to undergo a major revamp

 

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  Yes Bank crisis: Rs 50K cap on deposits temporary, says FinMin

Maharashtra cuts stamp duty on property to boost real estate sector in Mumbai, Pune, Nagpur

Govt approves TCS plan to set up SEZ in Noida

CORP BRIEF
  CCI Chairperson: 30% of combinations approved under green channel
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