CPC - Since several dates have passed, Trial Court can be requested to hear two applications before summons in suit and notice in applications are served on Respondent: HC (See 'Legal Desk') IBC - Application filed u/s 9 of IBC can be admitted as debt due remains unpaid despite demand made: NCLT (See 'Legal Desk') Govt lifts export ban on Bamboo Charcoal (See 'Corp Brief') Notices issued to Ola and Uber for unfair trade practices (See 'Corp Brief') Agri-tech Start-ups critical to India's future economy: Minister (See 'Corp Brief') FM participates in Annual Day commemoration of CCI (See 'Corp Brief') Copyright Act, 1957 - Offence u/s 63 of Copyright Act is a cognizable and non-bailable offence: SC (See 'Legal Desk') IBC - To regain control of Corporate Debtor (MSME) Management/Promoters/Erstwhile Directors are not required to compete with other Resolution Applicants: NCLAT (See 'Legal Desk') GeM, SEWA ink MoU to enable engagement of last-mile women-led enterprises (See 'Corp Brief') NCLT Rules, 2016 - Adjudicating Authority has power in terms of Rule 49(2) to recall any ex-parte order if sufficient cause is shown: NCLAT (See 'Legal Desk') IBC - Land owner intending to share profits emanating from agreed venture, by way of MoU, is a Financial Creditor as defined u/s 5: NCLAT (See 'Legal Desk') CCI approves merger by absorption of Covidshield Technologies into Biocon Biologics (See 'Corp Brief') CCI okays acquisition of majority stake in SMW Ispat by OFB Tech (See 'Corp Brief') CCI nod to Sanoti Properties' shareholding in Magma HDI General Insurance (See 'Corp Brief') Proceedings under SARFAESI evaporate once CIRP is initiated under IBC: SC (See 'Legal Desk') Department of Posts inks partnership with GeM and CSC (See 'Corp Brief') Karnataka launches own MyGov - 17th State in India (See 'Corp Brief') Pradhan reviews progress made under NETF and NDEAR (See 'Corp Brief') SEBI Act - Mere non-supply of documents cannot be treated as non-cooperation by appellants: SAT (See 'Legal Desk')

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By Mahi Yadav

PMLA vs. IBC

Published: Apr 04, 2022

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