2020-TIOLCORP-NEWS-85| Monday, April 27, 2020

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COMPANIES LAW
2020-TIOLCORP-48-NCLAT

Late Mona Aggarwal Vs Ghaziabad Engg Company Ltd

Whether if during pendency of winding up petition, name of company is struck off u/s 248 of Companies Act then still NCLT can proceed with winding up petition - YES : NCLAT

- Order passed in favour of appellant: NCLAT

 
MISCELLANEOUS
2020-TIOLCORP-13-SC-MISC

Firm Rajasthan Udyog Vs Hindustan Engineering And Industries Ltd

Whether award of Arbitrator, fixing price of land for transfer, construction in itself is not a conclusive contract between disputing parties, which can be ordered for execution - YES: SC

Whether Arbitration Award, which merely determines price of land or compensation amount, can be directed to be executed as a suit for specific performance of agreement - NO: SC

Whether specific performance can be ordered for Agreement and not for Award - YES: SC

Whether person can be permitted to achieve goal of execution of sale deed by indirectly claiming for execution of Award, when the direct claim for execution of sale deed of Agreement has been abandoned - NO: SC

- Order passed in favour of Appellant: SUPREME COURT OF INDIA

2020-TIOLCORP-55-HC-DEL-MISC

Balbir Rajput Vs RP Exports

Whether if defendants says that "it has no money in hand and will not be able to give to plaintiff any type of money" it amounts to an acknowledgement of liability to pay money - NO : HC

Whether relationship of debtor-creditor can be assumed when conversation of parties does not have words 'repay' or 'return' or 'refund' or make any promise to pay in future - NO : HC

- Order passed in favour of respondent: DELHI HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

No reduction in retirement age; Date extended for submission of APAR: MoS

Govt plans to set up 2000 Bus Ports: Gadkari

CBIC brave fight against Covid-19

Is time limit for availment of ITC also applicable to RCM?

SEZ Units & Developers - Liable to RCM?

Special procedure under GST law during corporate insolvency process: An incomplete code?

TOG

No plan to reduce retirement age of civil servants: MoS

COVID-19 - Bangalore emerges as hub for PPE production

 

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NEWS FLASH
Global hatred for China is economic opportunity for India: Nitin Gadkari

SC rejects stay of MHA order directing private entities to pay full salaries

 
CORP BRIEF
Railway Emergency Cell for COVID responding to 13,000 daily queries

SEBI slashes Broker turnover fees by 50%

40% agri markets now functional in country: Govt

 
SEBI CIRCULAR
Extension of implementation date of Circular on ‘Review of Margin Framework for Cash and Derivatives segments (except for Commodity Derivatives Segment)'

Relaxation in timelines for compliance with regulatory requirements by Depository and depository participants

Clarification on Know Your Client (KYC) Process and Use of Technology for KYC

 
IBBI REGULATION
IBBI (Insolvency Professionals) (Amendment) Regulations, 2020

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2020

IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2020

IBBI (Liquidation Process) (Second Amendment) Regulations, 2020

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2020.

 
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