The financial consequences were not analysed by the consultant. The state government had in last May issued a notification and started acquiring lands for the project, evoking strong protests by the farmers.
The Chennai bench of the NCLT ruled that the resolution professional, the adjudicating authority or the appellate authority were not empowered to reverse the commercial decision of the committee of creditors.
In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.
Ingent moved the NCLAT against this order, but the appeal tribunal referred the case back to the NCLT to pass appropriate orders and posted the case for March 1.
The CoC has considered the resolution plan of Ingen Capital Group in its meeting on June 4, 2018 and the plan received an affirmative vote of 78.64% of the CoC by value in its favour.
The mobility vertical for the company in India was largely to do with one or two brands, whereas the same business outside India had a portfolio of very enviable brands.
The pharma major’s original Valganciclovir patent, granted in 2007, was revoked in 2015 after generic companies such as Ranbaxy, Cipla, Bakul Pharma and Matrix Labs along with some patient organisations filed a pre-grant op
During its two-day flagship second edition of Global Investors Meet (GIM 2019), the Tamil Nadu government has signed 304 MoUs worth over Rs 3 lakh crore which will provide job opportunities for 10.50 lakh people.
US pharma major Pfizer is said to have formulated a compensation package for its workers at Chennai and Aurangabad production facilites which are being closed down by the company due to the lack of commercial viability.
US pharma major Pfizer said it has a long-standing commercial and manufacturing presence in India for more than 60 years and the decision to shut down two of its production sites would not have any impact on its other commitm
The office of the Controller General of Patents, Designs and Trade Marks (CGPDTM) has shortlisted a total of ten companies out of 19 bids it received by inviting expression of interest (EoI).
Country's patent office has granted an Indian patent to Mark Zuckerberg-led Facebook for an invention relating to a system that enables the social media giant provide quality and error-free translation of texts for its member
Bajaj Auto filed pre-grant opposition against two patent applications filed by TVS Motor – one relating to a multi-valve cylinder head assembly for a small capacity spark ignition engine, and the second one for a cylinder h
UK-based bus maker Optare has said its parent company Hinduja flagship Ashok Leyland (ALL) has increased its shareholding in Optare to 99.08% from 98.31% during 2017-2018 to convert Optare’s debt to equity, resulting in sig
