The National Company Law Appellate Tribunal (NCLAT) adjourned the hearing to October 13 on a plea filed by Axis Finance against the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment...
Viacom18 sells 65% of ad inventory for Bigg Boss 17
Viacom18 has sold 65% of the ad inventory of Bigg Boss 17 to 12 sponsors from across traditional and new-age categories, the company’s head of network sales, Mahesh Shetty, said. The TV and digital sponsors signed...
Rainmatter Capital, Gruhas invest in Age Care Labs
As part of its pre-Series B funding round, elder care platform Age Care Labs has raised $11 million in fresh capital from fintech unicorn Zerodha’s investment arm Rainmatter Capital and proptech investment firm...
NCLAT sets aside order to restart sale of Viceroy Hotels
The appellate bankruptcy tribunal has set aside a National Company Law Tribunal (NCLT) order to restart the sale of Viceroy Hotels, which owns two properties: a five-star hotel in Hyderabad named Marriott and a three...
Cipla stake sale plan faces hurdle as promoters differ on valuation: Report
The likely Cipla stake sale plan has come across a tricky hurdle as reportedly the promoters are not aligned in view regarding the common valuation. Differences among founders may lead to delay in deal until common...
WLFC asks NCLT to issue notice in Spicejet insolvency case
Willis Lease Finance Corporation requested the National Company Law Tribunal, Delhi, to issue a notice in the insolvency case filed against Spicejet on Monday. The senior counsel for WLFC argued that the company was...
Centrum Capital explores sale of its stake in housing finance business
Centrum Capital, the financial services business led by Jaspal Bindra, is exploring a possible sale of its stake in its mortgage financing business – Centrum Housing Finance, two people aware of the development...
NCLT directs Swan Energy to make upfront payment for Reliance Naval
The Ahmedabad bench of NCLT has asked Swan Energy, the firm that had won the bid to buy Reliance Naval and Engineering Ltd in an insolvency proceeding, to make the upfront payment it had proposed in the resolution plan...
Energy exchange IEX to acquire 10% stake in Enviro Enablers India
Energy exchange IEX on Friday said it will acquire a 10 per cent stake in Enviro Enablers India Private Limited. The association will fulfil IEX’s commitment towards sustainability and decarbonisation in line with...
NCLT dismisses Simpl co-founder’s plea
In a dispute between the two founders of fintech startup Simpl, the National Company Law Tribunal has ruled in favour of Chaitra Chidanand, dismissing an application by Nityanand Sharma, seeking to refer the disputes...
Torrent approaches the SC to expedite a hearing on its appeal in Reliance Capital’s insolvency resolution
Veteran lawyer Shardul Shroff has approached the Supreme Court on behalf of Torrent Investments to speed up the hearing on the company’s application to stay the second challenge mechanism in a corporate insolvency...
Fintech firm Slice set to enter banking via merger with SFB
Credit and payments unicorn Slice announced its merger with Guwahati-based North East Small Finance Bank (NESFB), in a rare instance of a fintech entering the banking sector. Bengaluru-based Slice, which also holds an...
