Top law firms, consultancies take contrarian corona bets
They are doling out promotions, bonuses and hikes in a bid to stop top performers from jumping ship.
Maulik Vyas
Covid-19 impact: India's wealthy have started detailing bequests, worried about both mortality & wealth erosion
As the Covid crisis unfolds, legal firms are seeing a sharp rise in consultation on writing wills and estate planning. It’s not just intimations of mortality. The economic and market meltdown caused by the pandemic is also pushing the wealthy to make sure that those they want to take care of do not suffer.
Where there’s Covid, there’s a Will: The wealthy start detailing bequests
India’s rich have started detailing bequests, worried about mortality & wealth erosion.
Lockdown period won’t be counted in IBC timelines
National Company Law Tribunal (NCLT) had recently allowed 90 days extension for the resolution process of Jet Airways while in the case of RCom, lenders have approved the resolution plan currently submitted to the tribunal for its approval.
Mumbai ITAT initiates Skype, WhatsApp hearing for urgent matters amid the pandemic outbreak
On Friday, the appellate tribunal issued a directive that said that till further orders, the ITAT, Mumbai benches will hear only extremely urgent matters, such as stay petitions in deserving cases, through web-based video conferencing calls.
Bombay HC restrains municipal corporations from carrying out demolitions and evictions
The Bombay High Court observed that most of the urgent matters pertain to seeking restraint orders against the Municipal Corporations from carrying out demolition, eviction and holding and the order is to make sure that courts are not overcrowded.
CCI can’t take retrospective action, NCLAT says giving clean chit to SKF India in abuse of dominance complaint
Giving a clean chit to SKF India Ltd, a subsidiary of Swedish bearing and steel maker SKF, in a case of alleged abuse of dominant position, the NCLAT upheld that the alleged instances took place before the relevant provisions of the Competition Act came into force. NCLAT ruling came on a petition filed by Asmi Metal Products Pvt Ltd challenging a CCI order.
Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director
Apart from Paranjpe, HN Motiwalla, Rammohan N Bhave and Thomas Panamthanath are other independent directors of the company while TC Suseel Kumar is a nominee director on the board of LIC Mutual Fund Trustee.
Covid-19: Companies look for ways to exit pacts
Unable to fulfil commitments, companies review contracts to see if force majeure clause can be invoked or deals can be renegotiated
3-year lock-in on YES Bank investors may face scrutiny
According to analysts, move violates right to own or sell stocks, which is a property.
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