SEBI seeks comments on draft framework for Gold Exchange in India and SEBI (Vault Managers) Regulations, 2021 (See 'Corp Brief') Reliance Jio's new subsea cable systems centred around India (See 'Corp Brief') Natco Pharma inks pact with Eli Lilly for Covid drug Baricitinib (See 'Corp Brief') KKR to invest USD 95 million in Lenskart McDonald's to invest Rs 100 crore to open 30 outlets in FY 22 in India Marico decides to raise Rs 2 crore in collaboration with GiveIndia to help in fight against COVID 19 Max Speciality Films to invest up to Rs 500 mn in new CPP line (See 'Corp Brief') Kolte-Patil signs two new projects in Pune under DM model (See 'Corp Brief') TVS NTORQ 125 crosses 1-lakh sales in international markets (See 'Corp Brief') Arbitration - Sole Arbitrator should to be appointed to resolve dispute between parties as no material is brought on record to indicate the nature of settlement entered into between the parties due to which dispute does not subsist and arbitration clause agreed cannot be invoked: SC (See 'Legal Desk') SEBI Act - MD and WTD of Company cannot plead that not aware of the day to day affair of Company which included non return of GDR proceeds to Company : SAT (See 'Legal Desk') Constitution of India - When employer passes a simple order of termination/discharge, provisions of Art. 311, prescribing procedure for imposition of penalty are not attracted: HC (See 'Legal Desk') IBC - Merely because Authorisation is before commencement of IBC, then Application u/s 9 of Code cannot be rejected without allowing the applicant to rectify the mistakes: NCLAT (See 'Legal Desk') Shalby acquires implant assets from US-based Consensus Orthopedics (See 'Corp Brief') Hero MotoCorp to resume operations from May 17 (See 'Corp Brief') Ramco Cements installs oxygen plant in Tamil Nadu (See 'Corp Brief') Zensar's US arm acquire data and digital engineering firm M3bi (See 'Corp Brief') GoAir plans to make IPO of Rs 3,600 Shriram City Union Finance invests Rs 200 crore in its housing finance subsidiary L&T’s construction arm bags contract from Chennai Metro Rail Corporation worth Rs 5,000 crore Blue Dart Med-Express Consortium to deliver vaccines, medicines with drones (See 'Corp Brief') Jindal Stainless' long-term credit facilities get Crisil A+/Stable rating (See 'Corp Brief') TCS launches Cloud-based subscription solution for media clients (See 'Corp Brief') IPC - Bail application can be allowed as there is no allegation against applicant of tempering of evidence or influencing of witnesses and also he is not named in FIR or in first chargesheet - HC (See 'Legal Desk') IBC - Since there is pre-existing dispute between the parties much prior to issuance of Demand Notice no order for CIRP can be initaited under IBC - NCLAT (See 'Legal Desk') IBC - Claim of state tax department can't be accepted if such claim is made after more than one year after the invitation of claims through public notice made under code - NCLAT (See 'Legal Desk') Union Cabinet clears ICAI and QFCA deal on accounting profession Persistent Systems joins IBM partner ecosystem for automation solutions (See 'Corp Brief') DCI commences maintenance dredging work at Paradip Port (See 'Corp Brief') HCC-KEC JV wins Rs 1,147 cr Chennai Metro Phase 2 order (See 'Corp Brief') IBC - Once 'Committee of Creditors' is formed, 'Resolution Professional' cannot change same: NCLAT (See 'Legal Desk') SEBI Act - Order passed without serving a show cause notice is violative of principles of natural justice and is invalid - SAT (See 'Legal Desk') IBC - Liquidation order is rightly passed if Corporate Debtor is not running business and no EoI is received from any prospective Resolution Applicant: NCLT (See 'Legal Desk')

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