Lawstreetindia.com Website Review

ibbi: ibbi: penalizes resolution professional for displaying ‘laid back’ attitude and abandoning cirp nclt: allows mca’s plea for statutory auditor’s removal; cites issuance of false certificate. ibbi: ibbi: penalizes resolution professional for displaying ‘laid back’ attitude and abandoning cirp. nclt: allows mca’s plea for statutory auditor’s removal; cites issuance of false certificate. sebi : cyber security framework now applicable to mutual funds and amcs w.e.f april 1. sebi: rationalizes norms regarding statutory committees at market infrastructure institutions. sc: upholds monsanto’s patent claim on bt cotton seed; sets aside division bench order. hc: dismisses claim for declaration against groundless threats of legal proceedings. hc: allows comparative advertisement of ‘horlicks’ and ‘complan’ for not being misleading. hc: allows joinder of causes of action for design infringement and pas*ing off. mca: appoints shri. ashok kumar gupta as cci chairperson w.e.f. november, 2018. cci: sanctions change from joint to sole control by shell in hazira entities. cci: approves acquisition of sole control over alstom by siemens’ mobility business. ibbi: ibbi: penalizes resolution professional for displaying ‘laid back’ attitude and abandoning cirp. nclt: allows mca’s plea for statutory auditor’s removal; cites issuance of false certificate. nclt: allows mca’s petition for re-opening il&fs’s books of accounts. nclt: denies security interest enforcement under sarfaesi act post declaration of moratorium. hc: arrest by sfio post expiry of prescribed investigation period illegal. nclt: dismisses insolvency application, applicant’s claim not being ‘operational debt’. nclt: sanctions demerger of tata teleservices consumer mobile telephony business to bharati airtel. nclat: powers vested under usurious loans act inapplicable to ibc proceedings; dismisses appeal challenging cirp. nclt: initiates cirp on loan repayment default; regards loan availed as 'financial debt'.