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
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.
The pharma major’s original Valganciclovir patent, granted in 2007, was revoked in 2015 after generic companies such as Ranbaxy, Cipla, Bakul Pharma and Matrix Labs along with some patient organisations filed a pre-grant op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.