Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle...
Indus Towers share declines 3% after Airtel dismisses talks of acquiring stake
The shares of Indus Towers declined 3% on Wednesday on BSE to the day’s low of Rs 348 after Sunil Mittal-owned Bharti Airtel dismissed news of being in talks to acquire a stake in the company. Earlier reports had said...
NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted the listed road infrastructure company, Sadbhav Engineering, under the corporate insolvency resolution process in an application filed by its...
Talk of the Tower: Airtel eyes Vodafone’s 21.05% in Indus
Bharti Airtel is in talks to buy UK-based Vodafone Group’s 21.05% stake in Indus Towers, which could potentially give India’s second ranked telco a controlling interest, said two people aware of the matter...
NCLT orders insolvency proceedings against Subhash Chandra on Indiabulls Housing Finance plea
The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media mogul Subhash Chandra, following a plea filed by Indiabulls Housing Finance. The decision, announced by a two-member bench...
Jet Airways ownership transfer: SC agrees to hear lenders’ appeal against NCLT order
The Supreme Court on Monday agreed to hear the State Bank of India-led consortium of lenders’ appeal against the National Company Law Appellate Tribunal’s order that upheld the transfer of ownership of grounded...
Government may sell 15% stake in Bharti Hexacom in multiple chunks
The government is considering to sell the remaining 15% stake in multiple tranches, and the Telecom Consultants India Limited (TCIL) would share proceeds of Bharti Hexacom’s debut initial public offering (IPO) as a...
Jet Airways’ lenders move SC against NCLAT decision to uphold resolution plan
The lenders of Jet Airways, led by State Bank of India, have challenged a National Company Law Appellate Tribunal’s (NCLAT) decision that upheld the resolution plan proposed by the Jalan-Kalrock consortium for the...
Vuenow Merges All Entities – Will It Create Value?
Recently, Vuenow Infratech Limited, a BSE listed company, announced the merger of two private companies itself. Though the company is small (rather miniscule), recent past events & some of the facts related to...
Bankruptcy court disposes off insolvency applications against Mumbai Metro One
The Mumbai bench of the National Company Law Tribunal (NCLT) has disposed of two separate insolvency resolution applications filed by the State Bank of India and IDBI Bank against Mumbai Metro One. The borrower is a...
NCLAT stays insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of...
Tata Group in talks to acquire majority stake in Pegatron’s Chennai iPhone factory
Contract manufacturer Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata Group, people aware of the matter told ET. “The deal is expected to be completed in the...