NCLAT defers hearing on JSW Steel's Bhushan Power buyout till Jan 31
The ED has said a recent amendment in IBC would not apply to the JSW Steel-BPSL deal as it was approved last year, before the amendment came into force. Moreover, it has also hinted that promoters of JSW and BPSL are related parties as they had a joint venture for a coal block.
Corporate Affairs Ministry moves SC with plan to manage Unitech
The corporate affairs ministry on Wednesday filed an affidavit in the Supreme...
GoM headed by HM Shah to monitor disposal of over 9,400 enemy properties
According to an official order, two other high-level committees, one...
NHPC's Rs 165-crore bid for Jal Power's 120 MW Rangit project gets lenders' nod
"NHPC Ltd has been declared as the Successful Resolution Applicant by the Committee of Creditors (CoC) of Jal Power Corporation Limited (120 MW Rangit Stage IV HE Project) subject to approval of Resolution Plan by the Hon'ble National Company Law Tribunal, Hyderabad Bench," an NHPC statement said.
“We are fed up of powers lecturing countries on internal affairs”: Hungarian FM
“Hungary does not interfere in internal matters of other nations. We are fed up. We are fed up of outside powers lecturing us on internal matters,” Szijjártó told ET in an exclusive interview. “Why should I even comment on internal matter of another country? It is for people of that country to decide on their future,” the minister said.
Maintaining database: National Business Register on anvil
It will have a district-wise list of all enterprises and establishments dealing in goods or services.
In a rocky startup world, candidates toss questions to interviewers
For sleep-solutions company Wakefit.co, the questions often are on layoffs - whether the company has ever handed out pink slips due to cost-cutting measures and/or change in direction, and if so, how they dealt with it.
Corporate wrap: Suriya plays GR Gopinath in biopic; Mittal's dinner with lawyers a witty affair; Nobel niggles in Mumbai
Esther Duflo and Abhijit Banerjee at Taj, Cristiano Amon visiting India & more.
India likely to fund some $28 billion of 2020/21 expenditure via off-budget borrowings: Sources
Off-budget borrowings are a means by which the government keeps its fiscal deficit in check by making quasi-government entities borrow on its behalf, to partly fund its expenditure plan for the year. This would mark a roughly 13.8% increase in so-called off-budget borrowings from an estimated 1.75 trillion rupees ($24.6 billion) in the ongoing fiscal year.
Corporate law: How it could affect business operations
The acts of a company’s internal management are normally not interfered by a judicial review, unless these acts were in conflict with the law, and were generally seen to be prejudicial to the interest of a large section of the company’s shareholders. Verdicts under company law have tilted in favour of the larger interest of the company, as opposed to individual interest.
Right time for Kashmiri Pandits to return: Anurag Thakur
"I think the right time has come for Kashmiri Pandits to be back in Kashmir and to get their rightful rights back. It's not only time but they've lost everything in life. They didn't deserve to go through the treatment they've gone through," Thakur said in a press conference here.
Proposal looks to decriminalise 2/3rd offences under Companies Act
Proposed changes have been drawn from the report of the Company Law Committee (CLC), headed by corporate affairs secretary Injeti Srinivas. “Proposals to decriminalise about 44 of the compoundable offences under the Companies Act will be taken up by the cabinet,” said a senior official.
Corporate affairs ministry reviews IL&FS resolution progress
After the crisis at diversified IL&FS came to light last year, the ministry had superseded its board and since then various measures have been taken to address the issues as well as repay outstanding dues of the group.
Punjab Delegation holds strategic talks with business leaders at Davos
The delegation also comprises of Advisor Invest Punjab, Mr. B.S. Kohli and CEO Invest Punjab, Mr. Rajat Agarwal.
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
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