The Board of Directors of Fairchem Speciality Limited announced the separation of its “Oleo Chemical & Nutraceutical Business” through a demerger. To take the company to the next level, the famous Fairfax group...
UFO Movies takes over Caravan Talkies for rural expansion
Caravan Talkies, which is owned by UFO Movies through its subsidiary is taking both Bollywood and regional films to the hinterlands of the country where there is no proper cinema hall. The company is also helping brands...
Jet Airways goes to NCLT
A consortium of 26 bankers led by State Bank of India (SBI) have finally decided to take the grounded Jet Airways to bankruptcy court after failing to revive the company and find buyers. Insolvency proceedings have been...
Maharashtra Scooters Limited becomes subsidiary of Bajaj Holdings
In a long-standing battle between Western Maharashtra Development Corporation Limited (WMDCL), a Government of Maharashtra undertaking, and Bajaj Holding & Investment Limited (BHIL) over pricing of equity shares of...
Case Law: Commissioner of Customs – West Bengal Vs Ram Swarup Industries Ltd. & Ors.
Brief Facts of the case: Corporate Debtor imported machinery from outside India, custom duty as assessed the custom officer was not paid in full by the corporate debtor due to dispute regarding amount of duty...