With the massive success of new age start-ups, India is set to witness bold acquisitions by start-ups. In April 2021, Byju’s announced the acquisition of multi-decade old Aakash Educational Services Limited. In the...
New SEBI Delisting Regulations Paves Way for A Fairer Method For All Stakeholders
The Securities Exchange Board of India (‘SEBI’) has issued the SEBI (Delisting of Equity Shares) Regulations, 2021 (New Delisting Regulations) on June 11, 2021, superseding the erstwhile SEBI (Delisting of Equity...
Shareholders Boarding Jet without Engine?
The National Company Law Tribunal (NCLT) has cleared the Kalrock-Jalan plan (Resolution Applicant or RA) to revive Jet Airways Limited (Jet). The tribunal order comes exactly two years after the start of the insolvency...
Supreme Court links Section 29A of IBC and Section 230 of the Companies Act, 2013
Section 29 A of the Insolvency and Bankruptcy Code, 2016 (“IBC”) lists the person who are not eligible to be “Resolution Applicant” and Section 230 of the Companies Act, 2013 deals with the compromise or arrangement...
Tips Industries unlocking values for its shareholders by demerging its Film Division
Tips Industries Limited (TIL) is a listed public limited company and it is engaged in the business of Production and Distribution of Motion pictures ("Film Division") and acquisition and exploitation of Music Rights...