SEBI’s Interim Order on Zee Entertainment Enterprises Limited According to the web search results, SEBI passed an interim order against Zee Entertainment Enterprises Ltd (ZEEL) and its promoters on June 12, 2023, vide...
Blade maker Supermax goes into bankruptcy
The National Company Law Tribunal (NCLT) has admitted men’s grooming and personal care firm Supermax Personal Care under the insolvency resolution process and appointed Kshitiz Gupta as the interim resolution...
ULTRATECH adds more to its Cement Portfolio by way of Demerger from Kesoram
The Board of Directors of Ultratech Cements Limited & Kesoram Industries Limited at their respective board meeting have approved a composite scheme of arrangement (scheme) which envisages the demerger of the cement...
TVS Group’s Restructuring – A Benchmark for Family Arrangements
Recently, TVS Holdings Limited announced the completion of its demerger of non-ferrous gravity and pressure die castings business along with the amalgamation of its holding company & other group entity. The entire...
Aster to sell its GCC Business
Recently, Aster DM Healthcare Limited (“Aster”) announced much-awaited news for its stakeholders. The Board of Directors of Aster announced the separation of its India & GCC (Gulf Corporation Council) business by...
NO TDS on Sale of Property by Liquidator under the IBC, 2016?
Case Law: Company Appeal (AT) (Insolvency) No. 624 of 2020 Facts of the Case: Om Prakash Agrawal; Liquidator – S.Kumars Nationwide Limited (“Appellant” or “Liquidator”) who has been appointed as Liquidator of S...
L&T Finance announces completing merger of 3 subsidiaries with itself
L&T Finance Holdings (LTFH), a non-banking financial company (NBFC), announced it had completed the merger of three subsidiaries with itself for “superior governance” and growth. All lending businesses of the...
INFIBEAM continues its journey of segregation
Recently, the management of Infibeam Avenues Limited announced an internal restructuring which will pave the way for separate listing of its Global Top Level Domain business and will carve out immovable property at Gift...
Blackstone, Vista Equity to buy software firm Energy Exemplar
Blackstone and Vista Equity Partners said they will acquire Australia’s Energy Exemplar, a provider of energy market software, from private equity firm Riverside Company in a deal that sources noted was worth more...
Lenskart acquires AI-powered video analytics startup Tango Eye
Hopping on to the AI (artificial intelligence) bandwagon, omnichannel eyewear retailer Lenskart announced it will acquire Tango Eye, an AI-based computer vision startup. The Chennai-based startup already counts Lenskart...
NCLT admits insolvency plea against Supertech ORB
Supertech ORB, which is constructing ultra-luxury high-rise residential apartments in the southeastern suburbs of Delhi-NCR, has been admitted for bankruptcy resolution, potentially delaying possession for homebuyers in...
Amalgam steel’s acquisition of topworth gets NCLT nod
The bankruptcy court has approved the acquisition of Topworth Steel and Power Pvt Ltd by Amalgam Steel and Power Limited. The company had admitted liability of about ₹3,499 crore, whereas the successful bidder proposed...