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Tamil: The ruling DMK, which is set to organise its maiden Global Investors Meet (GIM), has been seeking investments from overseas investors through visits to Japan, Singapore and Dubai.
Fine Future Scam: Earlier, the Economic Offences Wing (EOW) police had attached 140 properties belonging to the managing directors and agents of Fine Future firm for duping investors of ₹189.15 crore.
Christmas 2023: Christmas observed annually on December 25, holds religious and cultural significance for billions of people worldwide. In India, December 25 is a gazetted holiday, leading to the closure of government and private organizations, except those providing essential services such as hospitals, water, and electricity.
The National Company Law Tribunal (NCLT) has approved a Rs 595 crore settlement offer from Appu Hotels' promoter, facilitating a rare instance where lenders will recover their entire dues. The settlement includes Rs 98 crore for equity holders. The tribunal directed the resolution professional to hand over the company to the existing management.
Le Royal Meridien: This is a rare instance wherein lenders will recover their entire dues. In most resolutions under the Insolvency and Bankruptcy Code (IBC), lenders have recovered less than 30% of dues on average.