The Rs 4,000-crore resolution plan by Sharad Sanghi and others for Jyoti Structures on Monday got a thumbs-up from the Supreme Court. The development nullified the possibility of the debt-laded EPC firm getting liquidated.
Last year in November, the CIC too had issued a show-cause notice to Urjit Patel, then governor of the RBI, for not honouring a judgment of the apex court on disclosure of wilful defaulters’ list who had not paid loans of `
“Voiding of the circular is credit negative for Indian banks. (The circular) may now have to be watered down...The resolution of stressed loans impacted by the circular will be further delayed as the process may have to be
A bench comprising NCLAT chairperson SJ Mukhopadhaya and justice Bansi Lal Bhat said that no direction can be given to lenders to perform certain duties to ensure settlement between Reliance firm and Ericsson.
An investigation into the theft (of the documents) is on, the AG said on a day The Hindu, which carried a series of articles critical of the government on the deal by citing official documents, published another one.
In a major blow to Reliance Communications chairman Anil Ambani, the Supreme Court on Wednesday held him and two other directors guilty in a contempt of court petition filed by telecom equipment maker Ericsson India over not
The Society of Indian Automobile Manufacturers (Siam) has moved the Supreme Court challenging the government's notifications mandating all motor vehicles to come fitted with tamper-proof, high-security registration plates (HS
As is known, the two-member Ahmedabad bench of the NCLT on January 29 ruled that the plea by Essar Steel Asia Holdings’ to consider the Ruias’ settlement plan for Essar Steel was not maintainable. The NCLT had said the Es
The NCLAT held that in both the cases the resolution plan did not garner support of not less than 75% of voting share of the financial creditors constituting the CoC, a pre-requite according to the Insolvency and Bankruptcy C
Ericsson in its fresh plea said that Ambani, Seth and Virani have willfully and deliberately breached the undertakings of August 9 given to the SC and they should be restrained from leaving the country. It said that these thr
This right given to allottees is in addition to claims before consumer fora and Rera, which according to real estate developer Pioneer Urban Land and Infrastructure, has the effect of driving a financially solvent and healthy
The Supreme Court on Friday sought response from the income tax department as to why it should not refund around Rs 4,761 crore to Vodafone Idea in respect of returns for assessment years (AYs) 2014-15 to 2017-18.
Japanese drugmaker Daiichi Sankyo has moved the Supreme Court seeking to restrain Fortis Healthcare from transferring any funds it has received from Malaysia’s IHH Healthcare to RHT Health Trust, Singapore, in which the for