NCLT admits Antrix Corporation's winding up plea for Devas Multimedia, appoints liquidator
The tribunal has also directed the existing management of Devas Multimedia to extend full cooperation to the provisional liquidator appointed by it.
Sebi gives nod to Reliance’s acquisition of Future Retail
The retail and wholesale undertaking of Future Group will be transferred to Relianc...
NCLT agrees to hear plea alleging mismanagement in Omaxe
Terming the matter as "exceptional" and having "compelling circumstances" against th...
NCLT terms realty developer’s advance to landlord operational debt under IBC
In August 2018, both the entities had executed a term sheet after the property owner, Goodwill Theatres, approached Sunteck Realty for the redevelopment of a property in South Mumbai.
NCLT admits petition against real estate developers Omaxe
“We are of the considered view that the present case is one of the exceptional and compelling circumstances which entitle the applicants for granting of waiver,” NCLT said in the order.
NCLT passes order to liquidate dairy firm Kwality
A two-member bench of the Delhi-based NCLT observed that despite extension in the insolvency timeline, the lenders of the Kwality failed to finalise any potential buyer for the company.
Stocks in the news: TCS, Biocon, NTPC, Union Bank, Tata Power and JSW Steel
Power giant NTPC served notices to six states and two Union Territories for non-payment of dues.
Stocks in the news: Antony Waste, IDBI Bank, JSPL, Canara Bank and RIL
IDBI Bank said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore.
Crisil segregates ratings biz to comply with Sebi norms
The capital markets regulator had given rating agencies time till December 31 to segregate the rating and non-rating businesses so as to avoid any conflicts of interest.
NCLT restrains MGF from creating third-party rights on Gurugram land
Emaar has received this NCLT order against the developer in response to a case related to the main petition that accused MGF Developments, its chairman Shravan Gupta and his wife Shilpa Gupta of siphoning off funds and fraudulent activities.
NCLT directs IBBI, lenders to investigate into the affairs of Lotus Auto Engineering
The development is likely to set a precedent as an order to investigate into the conduct of the Resolution Professional (RP) and the Committee of Creditors (CoC) of the company to ascertain whether they have done their duty well.
Ruchi Soya shareholders approve appointment of Baba Ram Dev, Acharya Balkrishna on board
The board of directors, at its meeting held on August 19, appointed Ram Bharat as managing director of the company with effect from August 19, 2020 to December 17, 2022 and his designation was changed from whole-time director to managing director.
GMR Infra gets nod from stock exchanges on proposed rejig plan
In August this year, GMR Infrastructure unveiled a strategic group restructuring plan involving demerger of non-airport vertical business as part of efforts to simplify the corporate holding structure.
NCLT gives nod to Reliance Infratel resolution plan
Under the plan, lenders may recover about Rs 4000 crore through the resolution plan of Reliance Infratel, which is a unit of bankrupt Reliance Communications, and holds some 43,000 towers and ans 1,72,000 km of fibre, a person familiar with the matter said.
Infibeam Avenues rises 10% as NCLT approve demerger proposal
In a filing to BSE, the company said that the composite scheme of arrangement will assist Infibeam Avenues to unlock value for its shareholders.