Corporate Law Updates By @HubofCA:
- RTI - Banks's application to recall judgment which directed RBI to disclose information about banks under RTI be dismissed: SC
- PMLA - Since investigation into the money-laundering of the huge amount by the Applicant is going on, extension of judicial custody of Applicant is rightly done: HC
- Competition Act - There is no violation of sec 3 and 4 of Act by OPs merely beacuse OPs requested for prices of kraft paper to be determined by the demand-supply dynamics in the markets: CCI
- Constitution of India - Considering second outburst of COVID-19 Virus, it is rightly directed that period of limitation, as prescribed under any general or special laws in respect of all judicial or quasi-judicial proceedings, shall stand extended till further orders - SC
- IBC - Till the time payment is received in one CIRP, claim can be maintained in both CIRPs for same amount and representation in CoC in both CIRPs to the extent of amount due will be justified: NCLAT
