Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nclt-admits-tea-producer-mcleod-russel-for-bankruptcy-proceedings/articleshow/85121116.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The bankruptcy proceedings were initiated by construction company Techno Electric and Engineering Company in 2019 over a default on interest payments towards a
Category: Legal
RIL-Future deal: Lenders worried over big hair-cuts, IBC option open | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ril-future-deal-lenders-worried-over-big-hair-cuts-ibc-option-open-121080601985_1.html Retail entity’s cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under
SEBI cuts pre-IPO lock-in for non-promoters to six months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-cuts-pre-ipo-lock-in-for-non-promoters-to-six-months/article35774541.ece?homepage=true Moves away from ‘promoters’ to ‘controlling shareholders’ idea As the nature of corporate ownership changes, with private equity players and institutional investors increasingly
Big win for Amazon as SC upholds award freezing Future-Reliance deal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/big-win-for-amazon-as-sc-upholds-award-freezing-future-reliance-deal/article35774440.ece?homepage=true Halts Biyani’s plans to clear group’s mounting debt In a blow to Kishore Biyani’s plans to keep Future Retail afloat, the Supreme Court
FD premature withdrawal process: A single account holder can withdraw a joint bank FD prematurely; here’s how it works, and should you go for it? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/a-single-account-holder-can-withdraw-a-joint-bank-fd-prematurely-heres-how-it-works-and-should-you-go-for-it/articleshow/84967768.cmsSynopsis There could be a situation in the current pandemic where one of the holders is hospitalised and the other needs to draw the
Can a govt bailout package keep Voda-Idea afloat? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/can-a-govt-bailout-package-keep-voda-idea-afloat/article35751574.ece?homepage=true If Voda can’t sustain itself as a going concern, the only option is for it to go under the IBC With both promoters,
Amended LLP Bill will help start-ups, CAs: FM – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/amended-llp-bill-will-help-start-ups-cas-fm/article35727361.ece Bill to improve ease of doing business The Rajya Sabha on Wednesday passed the Limited Liability Partnership (Amendment) Bill with a brief debate
Curbing bank frauds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/curbing-bank-frauds/article35730492.ece Bank staff must not overlook systems and guidelines Ratnakar Bank and Bank of Maharashtra had sanctioned home loans of ₹2.50 crore and ₹1.30
India will be short of 3.5 million cybersecurity jobs by year-end | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-will-be-short-of-3-5-million-cybersecurity-jobs-by-year-end-121080301933_1.html According to a study by job portal Indeed, cybersecurity jobs saw a jump of 6 per cent in May 2020, just when Covid-19
Money laundering case: ED arrests Avantha Group’s Gautam Thapar | Business Standard News
The agency arrested him following searches at 14 locations, including Mumbai and Delhi. Gautam Thapar The Enforcement Directorate (ED), investigating a money laundering case against Avantha Group promoter Gautam
Madras HC quashes TN Gaming and Police Laws (Amendment) Act that banned online games – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/madras-hc-quashes-tn-gaming-and-police-laws-amendment-act-that-banned-online-games/article35698927.ece Adda52 Rummy Welcomes New Users With Exciting Offers and Rewards – Business Wire India Adda52 Rummy Welcomes New Users With Exciting Offers and
Unclaimed investor money – Where it ends up and how to get it back – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-unclaimed-investor-money-where-it-ends-up-and-how-to-get-it-back/2303554/ As per the data available in the public domain, more than Rs 82,000 crore of investors’ wealth is lying unclaimed in neglected and
No error of judgement in PNB Housing Finance deal: PNB MD – The Financial Express
Clipped from: https://www.financialexpress.com/industry/no-error-of-judgement-in-pnb-housing-finance-deal-pnb-md/2303557/ While speaking at a conference on the bank’s June quarter earnings, Rao said PNB is awaiting a decision from the Securities Appellate Tribunal
Will the new e-commerce rules really favour consumers? – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/will-the-new-e-commerce-rules-really-favour-consumers/article35477503.ece The intent of the rules is unclear and there are several consumer protection rules already in place In June, the Union Ministry of
Delhi HC notice to State on rise in stress during Covid times – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/delhi-hc-notice-to-state-on-rise-in-stress-during-covid-times/article35688197.ece HC took note of a petition filed by a minor who highlighted the near absence of professional help for students The Delhi High
No further sentence after life sentence: Supreme Court – The Hindu
Clipped from: https://www.thehindu.com/news/national/no-further-sentence-after-life-sentence-supreme-court/article35658666.ece?homepage=true Order directing convict to spend another 10 years in jail after completing life term irrational, says court The Supreme Court found a Karnataka
Centre says states should implement 2015 judgement scrapping Section 66A of IT Act
Clipped from: https://www.deccanchronicle.com/nation/current-affairs/020821/centre-says-states-should-implement-2015-judgement-scrapping-section-6.html The bench had on July 5 expressed shock after PUCL filed an application alleging misuse of the scrapped provision by authorities. (Photo: PTI/File) New
SC declines plea by Kerala rape survivor to marry her tormentor | Deccan Herald
Clipped from: https://www.deccanherald.com/national/sc-declines-plea-by-kerala-rape-survivor-to-marry-her-tormentor-1015452.html The bench, however, said the High Court has taken into consideration all the aspects of the matter, therefore we don’t intend to interfere
cybercrime: A way to foil cybercrime? Call it in and you could get the money back – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/a-way-to-foil-cybercrime-call-it-in-and-you-could-get-the-money-back/articleshow/84956018.cmsSynopsis The police are working closely with the Reserve Bank of India, which has even developed a standard operating procedure for banks on how
SEBI orders forensic audit of MSEI’s accounts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-orders-forensic-audit-of-mseis-accounts/article35670102.ece?homepage=true Follows various allegations of wrong-doing; audit will put charges to rest, says bourse CEO Latika Kundu Market regulator SEBI has ordered a forensic
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