2020-TIOLCORP-NEWS-74 | Friday, April 10, 2020

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COMPANIES LAW
2020-TIOLCORP-45-NCLAT

KB Polychem India Ltd Vs Kaygee Shoetech Pvt Ltd

Whether where there is sufficient evidence to demonstrate service of demand notice u/s 8 of IBC, 2016, deemed service of notice is sufficient to trigger the process of corporate insolvency resolution process filed by an operational creditor u/s 9 of the Code - YES: NCLAT

- Appeal allowed: NCLAT

 
MISCELLANEOUS
2020-TIOLCORP-41-HC-DEL-MISC

Shushre Securities Pvt Ltd Vs Times A & M India Ltd

Whether matters should not be simply adjourned for 'ORDERS' and 'Clarifications' after arguments are concluded - YES: HC

- Case disposed of: DELHI HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

GoM: Order for 49000 ventilators placed; 30 domestic manufacturers for PPEs developed

Govt decides to provide foodgrains to non-NFSA beneficiaries with States' cards

Industry briefs Goyal about labour scarcity & stranded trucks

TOG

COVID Test Kits exempted from BCD & Health Cess

Premium payment for Postal Life Insurance - Due date extended till June 30, 2020

INST Mohali unveils nano-material designs with superhigh piezoelectricity

 

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NEWS FLASH
FICCI: India cannot affort prolonged lockdown; needs cautious approach to resume production

Asian Development Bank assures $2.2 bn support to India

Bill Gates: no magic wand with US govt; economy will take time to recover

Coal India extends letter of credit to electricity producers

 
CORP BRIEF
Industrial Production - Apr-Feb cumulative growth is 0.9%

Gadkari asks officials to facilitate MSMEs producing Medical Items

ICAI, ICSI, ICAI together chip in about Rs 29 Cr in PM-CARES Fund

UDAN Lifeline operates 167 flights to ferry medicines

 
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