The National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive...
NCLT orders insolvency proceedings against Fosun’s affiliate realty company
The National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive...
ITC may munch on Peak XV’s 47% stake in Prataap Snacks; PE funds tapped too
ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram’s...
Athena Demwe bid: NCLAT rejects Navayuga Engineering Company’s plea
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal filed by Navayuga Engineering Company Ltd, which had challenged the lenders’ decision to disqualify it from bidding for the 1,750 MW...
NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order stayed
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent company of India’s largest sports fantasy...
ZEE shareholder Mad Man Film Ventures files fresh application in NCLT against Sony
ZEE shareholder Mad Man Film Ventures has filed another application before the National Company Law Tribunal (NCLT) on Friday stating that Sony cannot pre-empt proceedings while the matter is pending before the tribunal...
Bankruptcy court orders liquidation of Mehul Choksi-promoted Gitanjali Gems
The Mumbai bench of the National Company Law Tribunal has ordered the liquidation of fugitive diamantaire Mehul Choksi-promoted firm Gitanjali Gems. The tribunal has also appointed Santanu T Ray as the liquidator. The...
NCLT issues notice to Byju’s in insolvency case filed by a BPO service provider
The National Company Law Tribunal, Bengaluru, Wednesday, issued notice to edtech behemoth Byju’s in an insolvency proceeding filed by customer support company Teleperformance Business Services India Ltd. Teleperformance...
Zee shareholder moves NCLT seeking implementation of merger with Sony
The Mumbai bench of the National Company Law Tribunal (NCLT) gave Sony Group Corp. entities three weeks to respond to a plea filed by a shareholder of Zee Entertainment Enterprises seeking the implementation of the...
Amazon, iRobot abandon merger in face of EU opposition
Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of opposition from EU antitrust regulators. iRobot announced a significant restructuring plan to reduce costs and said it...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...