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Calcutta High Court's rulings on M Damodaran's affidavit, UpHealth's stake acquisition dispute with Glocal, and the arbitration proceedings, including damages awarded, showcase legal complexities and jurisdictional disputes in the case.
"We are an external advisor. At this point they (Paytm) are dealing with RBI," Damodaran said in response to a question on the impact on Paytm with regard to RBI's January 31 order on Paytm Payments Banks Limited (PPBL).
Paytm on February 9 announced setting up of a group advisory committee headed by Damodaran. The committee was set up to advise the company on strengthening compliance and on regulatory matters.
The committee will advise the company on strengthening compliance. Headed by former Sebi chief M Damodaran, it also has fomer President of the Institute of Chartered Accountants of India (ICAI) M M Chitale and former Chairman and Managing Director of Andhra Bank R Ramachandran.
India’s top firms have made good progress on corporate governance standards, but there are still areas that need attention. Diversity at the top has seen improvement, while firms’ response to sexual harassment has been found wanting, suggests a survey published last week