TRIFED inks MoU with Big Basket (See 'Corp Brief') 24 hours helpline for exporters (See 'Corp Brief') Cars24 raises USD 450 mn Welspun Corp bags orders worth Rs 1,400 crore FloBiz raises USD 31 mn from Sequoia Capital India & others IBC - If debt is not time-barred during pendency of Winding up Proceeding, IBC sec. 7 application cannot be rejected only because Winding up Petition is withdrawn instead of being transferred : NCLAT (See 'Legal Desk') IBC - U/s 18(b), IRP/RP has no power to adjudicate but only to collect and verify all claims submitted by creditors: NCLT (See 'Legal Desk') SEBI - Preferential allotment of shares without actual receipt of money violates secs. 12A(a)-(c) of SEBI Act and PFUTP Regulations 3(a)-(d) r.w. Regulation 4(1) : SEBI (See 'Legal Desk') SEBI - To establish insider trading charge, circumstantial evidence such as trading pattern, possession of UPSI and trigger for buying/selling being UPSI should be considered : SEBI (See 'Legal Desk') High quality & modernised roads necessary for economic development: Gadkari (See 'Corp Brief') IBC - When IRP/RP cannot be appointed as per provisions of secs. 22 and 27, Adjudicating Authority can appoint IRP/RP, invoking inherent powers u/Rule 11 : NCLAT (See 'Legal Desk') IBC - Period of liquidation can be extended when despite best efforts taken by Liquidator, Corporate Debtor's assets could not be realised : NCLT (See 'Legal Desk') SEBI - Facebook connection backed by trading pattern is solely not sufficient to establish allegation of Insider Trading : SEBI (See 'Legal Desk') SEBI Act - Failure to intimate details of shares encumbered violates provisions of SAST Regulations, 2011 : SEBI (See 'Legal Desk') Govt invites FDI in Defence sector (See 'Corp Brief') Indian Navy, Flipkart ink MoU for recruitment of veterans (See 'Corp Brief') Kotak Mahindra acquires vehicle financing segment of Volkswagen Finance Avigna plans to invest around Rs 600 crore in Karnataka warehousing project SVF Entertainment launches Daylis new supermarket chain in Kolkata NITI Aayog, RMI & RMI India launch 'Shoonya' Campaign (See 'Corp Brief') CPC - Non-filing of additional documents on ground of them being voluminous is not a reasonable cause for non-disclosure/filing of documents along with plaint/suit : SC (See 'Legal Desk') SCRA - Receiving funds raised through pledging of Client Shares in Broker's Own Accounts and being used by broker for own expenses violates sec. 23D of SCRA : SEBI (See 'Legal Desk') RBI - Bank's decision to declare borrower as wilful defaulter must be quashed if it fails to follow procedure as per RBI's Master Circular: HC (See 'Legal Desk') IBC - After withdrawal of CIRP proceedings, management of Corporate Debtor is handed over to Directors and from that date RP and CoC in relation to the Corporate Debtor becomes functus officio: SC (See 'Legal Desk') IBC - NCLAT has no jurisdiction or power to condone the delay exceeding 15 days, in view of specific statutory provision contained in Section 61(2) of the IBC : SC (See 'Legal Desk')

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