Updated Apr 08, 2021 | 21:01 IST
News headlines for April 8, 2021: Prime Minister Narendra Modi has expressed concern over the Covid-19 situation in the country during a virtual meet with chief ministers of states and union territories. Prime Minister Narendra Modi expresses concern over the fast-changing Covid-19 situation in the country. | Photo Credit: ANI
Key Highlights
Scroll down for the biggest news headlines in India and the world.
New Delhi: It was a thunder Thursday of news as Prime Minister Narendra Modi met all the Chief Ministers to discuss the course of action amid a spike in COVID cases across the country. Below are the day’s biggest headlines:
Updated Apr 08, 2021 | 20:34 IST
On March 22, a division bench of the Delhi High Court had granted Future a reprieve from a March 18 single-judge order that restrained it from taking any steps to sell assets to Reliance. Amazon moves SC for stay on Delhi HC order on Future-Reliance deal | Photo Credit: BCCL
New Delhi: Amazon has moved the Supreme Court challenging the Delhi High Court s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to Reliance Industries. Amazon, in the petition, sought a stay on the March 22 order of the division bench, terming it illegal , random , inequitable and unfair .
OYO breathes easy as NCLAT orders a stay on insolvency proceedings against its subsidiary company
Sanchita DashApr 8, 2021, 15:06 IST
OYO blog
A Gurugram-based creditor had initiated insolvency proceedings and The National Company Law Tribunal had admitted the petition against OYO’s subsidiary
Oyo Hotels and Homes Pvt Ltd on April 7.
The National Company Law Appellate Tribunal (NCLAT) today stayed the proceedings against OYO’s subsidiary.
As initially it was misreported by a few media platforms as
OYO filing for bankruptcy, Agarwal had taken to Twitter to squash the rumours.As OYO battled with reports of bankruptcy, which it said was inaccurate, and received an outpouring of support from India’s startup ecosystem, the Ritesh Agarwal-led company heaved a sigh of relief today.
NBCC, Suraksha submit fresh resolution plans for Jaypee Infra
By IANS |
3 Views
After 28 years, CBI court verdict awaited in Abhaya murder case. Image Source: IANS News
New Delhi, April 8 : State-run construction major NBCC Ltd, and Suraksha Realty have submitted fresh resolution plans for Jaypee Infratech.
The Committee of Creditors (CoC) are scheduled to meet on April 12 to discuss both the resolution plans. This is the fourth time that both the companies have submitted their bids for the bankrupt company.
The development comes after the Supreme Court on March 24 extended the timeline for the resolution of Jaypee Infratech Ltd (JIL) by another 45 days and directed the interim resolution professional to invite fresh bids from NBCC and Suraksha Realty.
Hospitality firm OYO on Thursday said the National Company Law Appellate Tribunal (NCLAT) has ordered a stay on the formation of committee of creditors in proceedings under the Insolvency and Bankruptcy Code against its subsidiary OYO Hotels and Homes Pvt Ltd (OHHPL). Earlier, the National Company Law Tribunal (NCLT) had admitted a petition for initiating insolvency proceedings against OHHPL for recovery of Rs 16 lakh, an order that the hospitality firm challenged before the appellate tribunal on Wednesday. Closing@riteshagar s thread from yesterday - Today NCLAT has admitted our plea and ordered a stay for the formation of COC in IBC proceedings against OHHPL, an OYO subsidiary. The claimant has already drawn the INR 16 Lakhs which we paid under protest, OYO said in a tweet.