Edelweiss Asset Reconstruction Company has dragged Kohinoor CTNL Infrastructure, a Mumbai-based property developer, to the court proposing to wind up the defaulting borrower. The National Company Law Tribunal (Mumbai...
Stressed firms race to sell assets
With the Reserve Bank of India (RBI) identifying 12 companies for the Insolvency and Bankruptcy Code (IBC), the stage looks set for financially stressed companies to fast-track their asset sales so they can repay debt...
Mergers and acquisitions under Bankruptcy Code: some concerns
By encouraging a transparent and time-bound sale of assets and businesses of defaulting corporate debtors, the Insolvency and Bankruptcy Code, 2016 (Bankruptcy Code) promises a fillip in merger and acquisition (M&A)...
Tata Steel’s talks with ThyssenKrupp to merge European assets face delays
Investors expecting a deal this year in Tata Steel’s talks to merge its European assets with Germany’s ThyssenKrupp risk disappointment, given complications associated with the Indian-owned firm’s...
Deals in 2017: Time to deploy the dry powder
2017 will have to raise the bar in terms of deal-making. 2016 was about headline-grabbing numbers breaking record highs. Both M&A volumes and dry-powder reserves beat the previous years and it would be safe to...
Zombie Banks Stalk Africa With Mergers One Way to Limit Risk
Africa’s many small and under-capitalized banks, laden with bad debt, are inflicting more pain on already embattled economies. Regulators may have no choice but to force lenders to consolidate or close. A third of...
Tesla Shareholders Should Back SolarCity Merger, ISS Says
Tesla Motors Inc. got the blessing of advisory firm Institutional Shareholder Services on Friday for its proposed $2.3 billion acquisition of SolarCity Corp., giving shares of both companies a boost. Shareholders of...
M&A activity up 125% with deals worth $32.5 billion
Mergers and acquisitions (M&A) in India more than doubled in terms of value during the nine months ended 30 September, helped mainly by large deals, with the third quarter recording the highest deal values, shows a...
Rajeev Saumitra Vs Neetu Singh & Ors
LEGAL CORNER - May 2016 - CASE LAW: TOPIC: Whether the Director is authorised to use the trademark of company at his/her discretion and compete the business of the Company? Whether such action by the director leads to...
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High-level Committee to Look at More Changes in Companies Act
Another round of amendments to Companies Act 2013 are in the pipeline after the government eased a host of provisions of the comprehensive law enacted by the previous UPA government that was seen by many...