The division bench, which heard the case, in oral remarks said it was looking at how the social media companies could work together with the law enforcement agencies in a bid to curb the cybercrimes and it would not entertain
Both Kalanithi Maran and Kavery Kalanithi had been drawing salary of Rs 13.83 crore and ex-gratia and bonus of Rs 73.67 crore, aggregating to Rs 87.50 crore in FY18, making them among the highly-paid CEOs in the country.
The NCLT had approved the resolution plan by Dhanuka Laboratories on June 25, rejecting a plea against it by Accord Life Spec — another resolution applicant which cited inadequate mandatory vote share of the committee of cr
There being no dispute with regard to availing of loan amount of Rs 155 crore and this account having become NPA in 2016 itself, it could be solely concluded that debt and default are in existence, the bench observed.
The case stems from the demand for payment of tax at the rate of 15% on the remittance of Rs 19,415 crore to its non-resident shareholders in the US and Mauritius, against buyback of 94 lakh of its equity shares in May 2016.
The tribunal has directed the Centre to appoint inspectors to investigate into the affairs of RKDL, in order to bring out the true picture about the diversion of funds and the possible action based on their report.
The Chennai bench of National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process (CIRP) against South-based sugar major Thiru Arooran Sugars, acting on a petition filed by State Bank
The NCLT observed that the business of Oceanic Tropical, the third party bottling company, was mainly dependent on the exclusive contractual agreement (bottling operations) with PepsiCo India Holdings.
The Chennai Bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency and resolution process (CIRP) against Chennai-based infrastructure company Marg, the original promoter of the Ka
French dairy major Lactalis, after making a mark in the Indian market with three acquisitions, will be investing Rs 50-60 crore every year to beef up the infrastructre related to procurement and processing, apart from technol