Challenging the tribunal’s order, Sebi told the SC that these auditors had ignored vital materials like the internal audit report which flagged material discrepancies in reconciliation of the invoices.
Between August 2017 and September 2017, HDFC had sold over 28 lakh pledged equity shares of Religare for a net value of Rs 12.81 crore and 10 lakh pledged shares of Fortis Healthcare for a net value of Rs 14.53 crore.
It said that Section 43 of the code provides for the avoidance of preferences given by a corporate debtor and also invalidates any transfer of property or creation of an interest thereof by it during the look-back period to a
The Supreme Court on Wednesday asked Amazon Seller Services and direct selling companies (DSCs) such as Amway, Oriflame and Modicare to approach the Delhi High Court for early disposal of their cases related to sale of produc
The Supreme Court will hear on Wednesday a batch of appeals by Amazon Seller Services against the Delhi High Court’s July order that asked the e-commerce company to stop selling products of direct selling companies like Amw
The NCLAT on August 16 had directed the Chandigarh Bench of the National Company Law Tribunal to pass an order of liquidation as 270 days mandated under the IBC for finalising a resolution plan had already lapsed
It suggested that the apex court should “do complete justice” by inviting the bids in the court itself so as to get rid of the complex and cumbersome process of rounds and rounds of litigations and proceedings before CoC,
The seven issues framed by the Bench also include whether the health ministry’s last year’s notification had resulted in creating a monopoly in favour of public sector companies to the complete exclusion of private sector
With its main campus in Lausanne, Switzerland, EHL provides a range of on-campus and online learning solutions, including undergraduate, graduate, certificate programmes to students from over 120 countries.
“The shares were overvalued for making payment to JPMorgan… It was adopted as a device for siphoning off the money of the homebuyers to foreign countries,” the apex court said, adding that JP Morgan was aware about dive
Besides, such classification will adversely affect its rights as no notice was issued to it on the Framework Resolution Plan submitted by IL&FS and this is also against the principles of natural justice, it added.
TDSAT asked DoT to release bank guarantees worth `2,113.5 crore to Vodafone Idea. The bank guarantees were taken by the government on account of OTSC as a precondition for approving the Vodafone India-Idea Cellular merger