Parts of ICDS are struck down and held ultra vires by Delhi High Court This writ Petition was filed to seeks a declaration on the constitutional invalidity of section 145(2) of Income Tax Act, 1961. Through power...
High on fashion: Arvind to demerger branded apparel
Arvind Limited is engaged in the business textiles, fashions, engineering business and other business. The company is a leading fabrics and apparel supplier to world’s top brands and a prominent technical textiles...
Defaulting Promoters barred from being Resolution Applicants
The long time discussed subject of credibility of the resolution process under the Insolvency and Bankruptcy Code,2016, which is dependent on the sustainability of the Resolution Plan and credibility of the Resolution...
Adani Enterprises to demerge renewable energy business
ADANI Enterprises Ltd. (AEL) is primarily engaged in coal mining and trading, oil and gas exploration, ports and multi-modal logistics, power generation and transmission, gas distribution and edible oil and agro...
Amalgamation bell rings at Oricon Enterprises
Oricon Enterprises Limited (OEL), the flagship company of Parijat Enterprises is currently in real estate, marine logistics, packaging, petrochemicals and automobile dealership. The company’s equity shares are listed on...
Bajaj Electricals to revive manufacturing business of Hind Lamps Ltd.
In November 2015, the Board of Directors of Bajaj Electricals Ltd and Hind Lamps Ltd approved the scheme of arrangement for demerger of manufacturing business of Hind Lamps Ltd to Bajaj Electricals Ltd. Bajaj...
Global insurers on M&A prowl
Globally, the year 2017 has seen spurt of mergers and acquisitions in the insurance industry because of ongoing pressures of tepid growth in premiums, low interest rates and the burden of regulatory requirements. A...
Public Sector Bank Mergers- A myth becoming a reality?
About thirteen years back when an article was penned in this magazine ( ‘Bank Mergers – The fall out and shape of things to come’ –M&A Critique Issues October to December 2004), it was foretold that eventual...
“Dispute” and “existence of dispute” under Insolvency and Bankruptcy Code, 2016 by the Supreme Court
Case Law Mobilox Innovations Private Limited Vs Kirusa Software Private Limited (Respondent – Operational Creditor), SC Fact of Case OC filed an application u/s 9, claim was disputed by the corporate debtor (CD) and it...
Shopping spree: Kishore Biyani acquires HyperCity
M&A and retail industry perspective For the retail industry as a whole, Indian companies hold a large appetite for mergers and acquisitions (M&A) among consumer products and retail companies. The Future Retail...
Majority of Creditors in COC will Call the shots
Case Law M/s Raj Oil Mills Vs M/s Edelweiss Asset Reconstruction Company, NCLT Mumbai Fact of the Case CD file an application for insolvency process u/s 10 of the I&B Code, and petition was accepted and IRP was...
TATA TELESERVICES TO SELL CONSUMER MOBILE BUSINESS TO BHARTI AIRTEL
Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra (TTML), together referred to as Tata, to combine their Consumer Mobile Businesses (CMB) with Bharti Airtel Tata CMB to merge with Bharti Airtel. Over 40...