Busy Bee Airways Pvt Ltd, one of the bidders for the grounded airline Go First, has approached the National Company Law Appellate Tribunal (NCLAT) to challenge the airline’s liquidation. On 20 January the National...
Pune court temporarily blocks termination of trademark pacts in Kirloskar dispute
A Pune district court has temporarily restrained Kirloskar Proprietary Ltd (KPL) from terminating its trademark licence and user agreements with Kirloskar Brothers Ltd (KBL). The court’s decision, made on 9...
NCLT rejects Akshay Kumar’s insolvency plea against edtech Cue Learn
The National Company Law Tribunal’s (NCLT) Delhi bench has dismissed Bollywood actor Akshay Kumar’s plea to initiate insolvency proceedings against ed-tech company Cue Learn Pvt. Ltd. Kumar had filed a plea...
CCI clears merger of nine pharma entities with Sequent Scientific
The Competition Commission on Tuesday cleared the proposed amalgamation of nine entities with pharmaceutical firm Sequent Scientific Ltd (SSL). “The proposed combination involves a series of inter-connected steps...
NDR InvIT acquires warehousing and industrial properties worth Rs 706 crore
NDR InvIT Trust, a prominent player in the infrastructure investment sector, has successfully acquired a Grade-A industrial and warehousing portfolio across markets like Surat, Hyderabad, Bengaluru, and Pune. This...
Reliance Consumer Products set to buy SIL’s brands to spice up play; plans to compete with HUL, Cremica & & Tata
Reliance Consumer Products (RCPL) is set to acquire packaged foods brand SIL, with a portfolio of products such as cooking pastes, jams, mayonnaise, baked beans and Chinese sauces, executives with direct knowledge of...
IDBI selloff picks up pace as suitors get data access
IDBI Bank’s potential suitors have been granted confidential data access to carry out due diligence on the lender after a 12-month hiatus, during which their applications underwent government scrutiny, said people...
Hatsun Agro Product to acquire 100% stake in Milk Mantra Dairy for expanding presence in Eastern India
Hatsun Agro Product (HAP) said that its board has approved the acquisition of 100% stake in Milk Mantra Dairy for a total cash consideration of Rs 233 crore. In this regard, HAP has entered into share purchase...
NCLT ends Go First’s turbulent ride, steers co into liquidation
The bankruptcy court in Delhi on Monday admitted Go Airlines (India) Ltd, which runs Go First airline, into liquidation after the lenders failed to receive a viable revival plan for the company. The company has admitted...
Murugappa Group sets sights on fresh buyouts
The diversified Murugappa Group, which has turned around several distressed companies after acquisition, is open to more buyouts, Vellayan Subbiah, vice chairman of the group’s flagship firm, Tube Investments of...
Edtech firm BrightChamps acquires Edjust in a cash-and-stock deal
Edtech platform BrightChamps said it has acquired Indian K-12 education marketplace Edjust to bolster global expansion. The cash-and-stock deal concludes BrightChamps’ fourth acquisition since its inception in 2020 –...
MRPL acquires 26.96% stake in Mangalore SEZ
The Board of Mangalore Refinery And Petrochemicals at its meeting held on 20 January 2025 has approved the acquisition of 1,34,80,000 equity shares of Mangalore SEZ (MSEZ) from IL&FS at a revised consideration of Rs...
