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NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering

“The applicant (SS Infra) has proved before us that the outstanding operational debt is more than rupees one crore, which is due to the applicant by the respondent and that the respondent (Sadbhav Engineering) has defaulted in payment,” said the division bench of judicial member Shammi Khan and technical member Sameer Kakar, in its order of April 22.

Bank-of-india , Sadbhav-engineering , Insolvency-resolution , Ss-infra , Nclt , Ahmedabad-bench , Sanjay-kumar-agarwal , Gujarat-based , Adani-road-transport-ltd , Debt , Adani-enterprises-ltd

HFT Scan: Aditya Birla Fashion, TVS Electronics in focus

Aditya Birla Fashion, Sadbhav Engineering and TVS Electronics ended sharply higher on April 2

Electronics-on , Graviton-research , Graviton-research-capital , Aditya-birla-fashion , Sadbhav-engineering , Madura-fashion , Crony-vyapar , Parth-intfin-brokers , Vs-electronics , Ft ,

NARCL makes binding offers for over half a dozen accounts: Sources

NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 crore for debt-laden engineering, procurement, and construction company Simplex Infrastructure, which is less than 7% in recovery to lenders. Simplex owes lenders, led by Punjab National Bank (PNB), a total of Rs 9,600 crore and is one of the largest accounts to be referred to bankruptcy courts in recent times. NARCL is preparing to acquire the loan in cash and security receipts (SRs).

Mumbai , Maharashtra , India , Switzerland , Swiss , Rohtak-panipat , Punjab-national-bank , National-asset-reconstruction-co , Sadbhav-engineering , Hissar-tollway , Haridwar-highways , Simplex-infra

Gujarat Hardlook: Reclaiming wasteland

Nearly 40 per cent of the legacy waste at Pirana, where Ahmedabad has been dumping garbage since the 1980s, has been cleared, as per rough estimates. Can the site get rid of piles of garbage soon enough with the eyesore at a prime location raising huge concern? Here’s a reality check by RITU SHARMA & SOHINI GHOSH

India , Vizag , Andhra-pradesh , Ahmedabad , Gujarat , Hiroshima , Japan , New-delhi , Delhi , Mumbai , Maharashtra , Dholera

SEBI Disposes Proceedings against L&T Investment Management for Not Updating Research Report

In a big reprieve to L&T Investment Management Ltd, market regulator Securities and Exchange Board of India (SEBI), disposed of adjudication proceedings for not updating research reports regularly or as per the availability of updated financial statements of the investee companies.

Hindustan , India-general- , India , Vikas-garg , Jalpan-shah , Shriram-ramanathan , Kailash-kulkarni , Barnali-mukherjee , Vodafone , Lt-finance-holdings , Exchange-board-of-india , Sadbhav-engineering-ltd

SEBI Disposes of Proceedings against L&T Investment Management for Not Updating Research Report

In a big reprieve to L&T Investment Management Ltd, market regulator Securities and Exchange Board of India (SEBI), disposed of adjudication proceedings for not updating research reports regularly or as per the availability of updated financial statements of the investee companies.

India , Hindustan , India-general- , Kailash-kulkarni , Barnali-mukherjee , Vikas-garg , Jalpan-shah , Shriram-ramanathan , Supreme-court , Lt-infrastructure-fund , Vodafone-idea-ltd , Ummed-jain-co

MFs not liable for bad calls; L&T MF case sets template

Sebi has issued a show-cause notice to L&T Mutual Fund over its lack of transparency regarding fund management decisions

India , Hindustan , India-general- , Nirav-karkera , Whilelt-mutual-fund , Vodafone , Supreme-court , Lt-infrastructure-fund , Lt-midcap-fund , Lt-value-fund , Lt-mutual-fund , Hindustan-zinc

Sadbhav Engineering Ltd Q1FY24 consolidated loss at Rs. 10.23 crore

Sadbhav Engineering Ltd Q1FY24 consolidated loss at Rs. 10.23 crore
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Sadbhav-engineering-ltd , Sadbhav-engineering , Engineering-limited , Sadbhav-engineering-limited ,

Public Grievance: Two Grievance Systems: One Question, Opposite Replies | Rajkot News

Rajkot: The road to Rajkot-Ahmedabad six-lane highway is only getting longer by the day.

Rajkot , Gujarat , India , Ahmedabad , Varaha , India-general- , Shailendrasinh-jadeja , Sadbhav-engineering , Varaha-infra-ltd , Centralized-public-grievance-redress , Monitoring-system ,

Half-Yearly Digest Of Tax Cases: January-June, 2023

Indirect Taxes Supreme Court No Service Tax Applicable on User Development Fee collected From Passengers by Delhi, Mumbai and Hyderabad International Airports: Supreme Court Case Title:...

Guntur , Andhra-pradesh , India , Kolhapur , Maharashtra , Madras , Tamil-nadu , Aurangabad , Chhattisgarh , State-of-kerala , Kerala , Uttar-pradesh