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April 28, 2024
Information RTI Act will become dead letter: Supreme Court directs States, Union to fill vacancies in Information Commissions. Anjali Bhardwaj v. Union of India, 2023 LiveLaw (SC) 942 ...
April 26, 2024
Chemhub Tradelinks plan for Pancard Clubs, approved by NCLT, involves Rs 8,900 crore debt claims with 8% recovery for creditors. The resolution process included bidders like Ashdan Properties and Vijay K. Oswal, with oversight from Deloitte and representation by Nausher Kohli.
April 4, 2024
The National Company Law Tribunal (NCLT) has admitted Union Bank of Indias insolvency application against Kapil Wadhawan, former promoter of DHFL, for a Rs 3,958-crore default. Devendra Mehta is appointed as the resolution professional. DHFLs creditors, including FD holders, had recovered Rs 38,000 crore from Piramal Capitals acquisition in September 2021.
March 27, 2024
The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at...
February 28, 2024
India Business News: The National Company Law Tribunal has approved the Rs 9,650-crore resolution plan submitted by Hinduja's IndusInd International Holdings for bankrupt Reliance Capital. Get all the details here.
February 28, 2024
The National Company Law Tribunal (“NCLT”), Kolkata Bench, comprising of Smt. Bidisha Banerjee (Judicial Member) and Shri Arvind Devanathan (Technical Member), has directed the Committee of...
February 24, 2024
Dividend Stocks: Shares of several companies, including NMDC, Natco Pharma, and many others will trade ex-dividend in the coming week, starting from February 26
February 16, 2024
Regulator IBBI has amended corporate insolvency resolution process norms to increase transparency and accountability. Separate accounts, valuation methodology explanation, and separate resolution plans for real estate projects are now mandatory. Regular meetings and the option for a monitoring committee have also been introduced.
February 13, 2024
Bombay High CourtHSBC Bank Carrying On Bona Fide Banking Business In Mauritius Exempt From Tax In India: Bombay High Court Case Title: Commissioner of Income Tax Versus M/s. HSBC Bank...