The National Company Law Tribunal (NCLT) is scheduled to address ICICI Bank’s insolvency petition against Supertech Township Project Limited on August 16. This decision follows the deferral of the hearing that had...
ITC board approves acquiring 25% stake of Maharaja Heritage from Russel Credit
The board of the ITC has approved acquiring a 25% stake in Maharaja Heritage from Russel Credit. The shareholders will get one hotel company share for 10 held in the company. The indicative timeline for listing ITC...
LS Digital buys Social Panga in third acquisition
LS Digital Group, India’s largest homegrown integrated digital marketing services company, has made its third acquisition with the buyout of digital marketing agency Social Panga as part of its strategy to provide end...
Competition Commission of India clears Kotak-Biocon Biologics deal
Fair trade regulator CCI has cleared Kotak Special Situations Fund’s (KSSF) proposed investment in Biocon Biologics Ltd under the green channel route. In February, KSSF, an arm of Kotak Mahindra Bank, announced a...
Biocon to close Viatris merger by FY24 end
Biocon Biologics Ltd expects to conclude the merger with Viatris’ biosimilars portfolio in FY24, chief executive Shreehas Tambe said on Friday. “We are looking to complete the transition ahead of time. We planned a two...
NCLT approves NARCL’s resolution plan for two Srei group firms
The National Company Law Tribunal’s Kolkata bench has approved National Asset Reconstruction Company Ltd’s resolution plan for two Srei group companies, according to a regulatory filing. NARCL emerged as the...
NCLAT stays admission of Coffee Day Enterprises for insolvency
The appellate tribunal of the bankruptcy court Friday stayed the admission of Coffee Day Enterprises Ltd (CDEL) after it was challenged by the promoter, Malavika Hedge, that default occurred during the “calm...
Cafe Coffee Day insolvency: NCLAT Chennai stays the case, hearing scheduled for September
The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) has stayed the admission of corporate insolvency case brought by National Company Law Tribunal (NCLT) Bengaluru against the coffee chain firm, Cafe...
NCLT allows Zee’s application of merger with Sony
The Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony). The bench in its oral order allowed the...
NCLAT dismisses appeal to investigate PVR-INOX merger
The National Company Law Appellate Tribunal on Thursday dismissed the appeal filed by Consumer Unity and Trust Society, a think tank, asking the Competition Commission of India to investigate the PVR-INOX merger. The...
Zee-Sony Merger: NCLT to pronounce its order today
The Mumbai bench of the National Company Law Tribunal (NCLT) will pronounce its order on the merger scheme between Zee Entertainment Enterprises Limited (ZEEL) and Culver Max Entertainment (Sony) on Thursday. On July...
Reliance ARC files plea against Vidarbha Industries’ debt sale
Anil Ambani-promoted Reliance ARC has submitted a writ petition against the Reserve Bank of India in the Bombay High Court opposing the Swiss challenge method during the debt sale of Vidarbha Industries Power, which has...
