2020-TIOLCORP-NEWS-93| Friday, May 08, 2020

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COMPANIES LAW
2020-TIOLCORP-53-NCLAT

R Balarami Reddy Vs Sutanu Sinha

Whether during CIRP, NCLT is correct in not paying managerial remuneration in excess of approved prescribed limit under Companies Act, in absence of approval of Central Government - YES: NCLAT

- Appeal dismissed: NCLAT

 
CAPITAL MARKET LAWS
2020-TIOLCORP-20-SAT

Giriraj Kumar Gupta Huf Vs SEBI

Whether abnormal price rise in particular scrip along with off-market purchases by appellants from same party on same day can not be co-incidence and indicate fraudulent and manipulative trade practices - YES: SAT

- Appeal partly allowed: SEBI

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

India has 4.8% patients in ICU; 1.1% on ventilators & 3.3% on oxygen support: Health Minister

More than half of targeted 400 LMT wheat for Central Pool procured: Govt

Another disaster in making - Study shows rapid advancement of surging glaciers in Karakoram Range

TOG

Indian Navy's PPE clears certification by INMAS

RS Chairman & LS Speaker discuss COVID and meetings of House Committees

 

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NEWS FLASH
SBI shuts Kolkata office after employee test Covid-19 positive

Mahindra opens online sales service to tackle decreasing demand

SpiceJet employee tests coronavirus positive at Delhi IGI Airport

Samsung starts manufacturing activities at its Noida unit; Vivo, Oppo, Realme to follow soon

Bombardier wins mega contract to build intracity trains for Delhi-Ghaziabad-Meerut corridor

Rahul Jaimini, co-founder Swiggy leaves to join Pesto Tech

 
CORP BRIEF
Scientists fabricate energy-efficient photodetector for security application

Industries need to tap opportunities once Covid-19 gets over: Gadkari

 
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