In December 2018, the prime minister went with the first estimate and spoke of 120 mobile makers. In the Interim Budget on February 1, the finance minister used the 268 number, and said this was a big jump from just two units
The corporate insolvency resolution process (CIRP) of cash-strapped Jaypee Infratech (JIL) has hit a roadblock with the homebuyers divided in two groups — one in favour of considering Manoj Gaur and Adani group’s resoluti
Gaurav Mohan, CEO of AMRG & Associates, noted that this would push the corporate governance to next level and would hold all directors directly responsible for non-compliance by a company in filing ACTIVE forms.
AIDPL is a wholly-owned subsidiary of Adani Properties, which, in turn, is held by the Adani family. It is engaged in real estate and is the holding firm for various real estate special purpose vehicles of the Adani group.
Sources said that commerce ministry earlier this week approached the MCA requesting it to explore options regarding bringing down the number of compliances companies have to follow to reduce their regulatory burden.
The committee of creditors (CoC) of Jaypee Infratech (JIL), which met on Thursday, directed NBCC to furnish clarifications in writing about exit clauses that the state-run company has made in its revised bid and also inquired
The MCA has placed two options on the table — representative voting among home-buyers by treating them as a sub-class among the financial creditors or by stipulating that the majority threshold could be met by just counting