During the proceedings, counsel appearing for the real estate development company cited provisions of the Companies Act and NCLT Rules, 2016 in support of its
Category: IBC-SEBI
NCLAT stays sale of Orchid to Dhanuka – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has stayed the sale of Orchid Pharma to Dhanuka Laboratories, in the eleventh hour, as the scheme for acquisition was to
NCLAT stays formation of HDIL committee of creditors – The Economic Times
HDIL reported a 67% on-year decline in net profit in the quarter ended June 30, at Rs 8.24 crore. Total income fell 44% to Rs
NCLAT sets aside plea to initiate insolvency proceedings against Intex Technologies – The Economic Times
The NCLAT has dismissed a plea to initiate insolvency proceedings against smartphone and mobile accessories maker Intex TechnologiesNSE -0.31 % India Ltd by one of its creditors. A three-member
Not a solution | Business Standard Editorials [ Test for Independent Directors ]
Corporate governance has rarely been India’s strong point, and the recent past has reminded investors of this weakness with startling frequency. Especially noticeable is the failure
Govt owed Rs 5L crore to industry at FY19-end: Niti Aayog estimate – The Financial Express
The government wants to give a cash booster to Corporate India and small businesses to invigorate the investment cycle but the Centre itself and assorted
Opening bell for class-action suits | Business Standard Column
A steep sudden fall in share price can now trigger much more than uncomfortable investor calls for the management of a listed company. Recent moves
Ease of doing business: Creditable progress, but now comes the hard part | Business Standard Editorials
India has made creditable progress in the World Bank’s Ease of Doing Business (EoDB) rankings, clocking in at number 63 in 2019 from 77 in 2018, and
Online test for independent directors may be counterproductive, say experts | Business Standard News
Independent directors will soon have to return to the books to qualify for a seat on the board of companies. Come December, the government will
Gujarat NRE Coke former promoter to be ineligible to negotiate with creditors: NCLAT – The Economic Times
Allowing the appeal of Jindal Steel and PowerNSE 1.99 %, the National Company Law Appellate Tribunal (NCLAT) has held Arun Kumar Jagatramka, the former promotor of Gujarat NRE
ED swoop on BPSL has lenders wary of IBC route for debt resolution | Business Standard News
The attachment of Bhushan Power & Steel’s (BPSL’s) assets by the Enforcement Directorate (ED) has made lenders wary of taking the Insolvency and Bankruptcy Code
BPSL Assets: NCLAT asks ED, MCA to reach consensus on BPSL assets–Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Friday asked the Enforcement Directorate and the Corporate Affairs Ministry to reach a consensus on the issue of attachment
What India needs to do to better ease of doing business score – The Economic Times
By Jaideep Mishra A perceptible improvement to India’s ranking in the World Bank’s ‘ease of doing business’ (EDB) index is welcome news. It provides scores
Welcome rise in Ease of Doing Business–Economic Times
It is impressive indeed that India’s rank in the World Bank’s Ease of Doing Business 2020 index has vaulted 14 places to 63rd among 190
‘Ease of doing business’ rankings improves but wooing investors requires reform and correction on government’s part–Times of India
In a development that holds out hope for India in attracting FDI, it recorded a further improvement in the World Bank’s ease of doing business
Beer price cartel: Carlsberg, United Breweries and AB InBev colluded to fix prices, finds CCI probe – The Financial Express
The three brewers, who according to IWSR Drinks Market Analysis account for about 85% of beer consumption in the billion India market, together face a
Sort out Bhushan Power and Steel asset issue: NCLAT to MCA and ED | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) on Friday asked the Ministry of Corporate Affairs (MCA) and the Directorate of Enforcement (ED) to sort out whether the
NCLAT: Vikram Bakshi withdraws plea for permission to travel abroad – The Hindu BusinessLine
Former joint venture partner of American burger chain McDonald’s, Vikram Bakshi on Friday withdrew his application seeking permission to travel abroad, which was filed before
DHFL: KPMG audit finds fund misuse by DHFL–Economic Times
DHFL had total loans and advances of Rs 97,977 crore at the end of March. Financial lenders are working on a resolution plan submitted by
‘Conflict between probe agencies, NCLT to be resolved soon’ – The Hindu BusinessLine
Ease of doing biz: Top 50 ranking is our target, says Sitharaman Finance Minister Nirmala Sitharaman has assured that a solution will be found soon
