The Supreme Court’s order came in response to an appeal by State Bank of India, a key member in the CoC, seeking setting aside of the NCLAT order on the ground that the appellate tribunal has erred while overriding the comm
The NCLAT in July had stayed the Chennai NCLT order approving Dhanuka Laboratories resolution plan and ordered issuance of notice to Orchid Pharma RP and Dhanuka Laboratories, while posting the matter to August 28 for admissi
The online food and grocery retail, which stood at approximately $1 billion in 2018, has been witnessing its accelaration phase since then. The initial growth phase from 2014 to 2018 has seen the vertical clocking a CAGR of
In addition, the Delhi HC also found Sinopharm Weiqida of prima facie guilty of contempt of court for illegally importing amoxicillin active ingredients in contravention of the previously granted preliminary injunction in pla
The Chennai patent office granted the patent, disposing of a patent application filed by the company in 2009. The patent gain comes at a time when the automobile industry is exploring ways and means to switch over to electri
The I-T Department had issued an order on March 23 that the transactions made for the buyback arrangement had to be taxed under Section 115-O of the Income Act as it would constitute dividend and not capital gain.
The auditor to the debt-ridden Aban Offshore had raised concern over the ability of the company to continue as a going concern, mainly based on the review report of the company’s subsidiaries, by another audit firm.
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.