Utkarsh Small Finance Bank, on Wednesday, informed the exchanges that post passing a resolution for a reverse merger between the holding company Utkarsh Core Invest (UCL) and the bank, the UCL board has suggested...
NCLT grants additional 60 days to finish Go First insolvency process
The National Company Law Tribunal (NCLT) extended by 60 days the deadline for completion of Go First Airline’s corporate insolvency resolution process (CIRP). Last month, the committee of creditors (CoC) of the...
NCLT dismisses lawsuit demanding probe into affairs of Indiabulls Housing Finance
The National Company Law Tribunal (NCLT) has dismissed a lawsuit demanding an investigation into the affairs of Indiabulls Housing Finance that was brought to court by Supertech Realtors. Supertech Realtors alleged that...
Adani Power, DAIT get CCI nod to acquire Coastal Energen
The Competition Commission of India (CCI) said it has approved a proposal to acquire a 100 per cent stake in Coastal Energen Pvt Ltd by Adani Power Ltd and Dickey Alternative Investment Trust. Adani Power Ltd (APL), a...
Eris acquires 51 pc stake in Swiss Parenterals for Rs 637.5 cr
Eris Lifesciences on Tuesday said it has acquired a 51 per cent stake in Swiss Parenterals for Rs 637.5 crore. Ahmedabad-based Swiss Parenterals is a leading player in the sterile injectables business in over 80...
Jaypee Infratech insolvency: Monitoring panel seeks NCLT direction to implement Suraksha group’s resolutio
Amid legal challenges for Suraksha group’s successful bid for debt-laden Jaypee Infratech, the monitoring panel set up to oversee the insolvency process has moved the National Company Law Tribunal (NCLT) seeking...
NCLT admits insolvency resolution plea against Dream11 sports platform’s owner Sporta Technologies
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Sporta Technologies, which owns India’s largest fantasy sports platform Dream11, under the corporate insolvency resolution process (CIRP) on an...
Home interior company HomeLane may acquire smaller rival DesignCafe
Home interior services startup DesignCafe is in the process of merging with its bigger rival HomeLane in a stock-swap deal, multiple people aware of the development told ET. The deal will value DesignCafe at about Rs...
Vedanta’s demerger process to be completed in next 9-12 months: Official
Vedanta is working “actively” for demerger of its key businesses, including aluminium, into separate listed companies and the process is likely to be completed in next nine to 12 months, a top official of...
Yatharth Hospital acquires Faridabad based hospital for Rs 116 crore
Hospital chain Yatharth Hospital and Trauma Care Services on Sunday announced the acquisition of 175-bedded Faridabad-based multi-specialty Asian Fidelis Hospital for Rs 116 crore in an all cash deal. Yatharth Hospital...
NCLT dismisses plea against Pancard Clubs resolution plan
The National Company Law Tribunal (NCLT) has dismissed a petition filed by Ashdan Properties against Chemhub Tradelink’s committee of creditors-approved resolution plan for Pancard Clubs. Ashdan was one of the...
NCLT approves Indian Sugar Manufacturing’s acquisition by Sri Dutt Biofuels Pvt Ltd
The bankruptcy court has approved a proposal from a consortium comprising Shri Dutt India Pvt Ltd and Shri Dutt Biofuels Pvt Ltd to acquire Indian Sugar Manufacturing Company Ltd. The consortium has offered to pay Rs...
