Debt-ridden Future Lifestyle Fashions Ltd (FLFL) is facing three petitions before the NCLT from its creditors to initiate insolvency proceedings and one of them has been reserved for orders, the Future Group firm said...
HC rejects Future Group’s petitions on Amazon arbitration
The Delhi High Court dismissed two petitions by Future Group seeking that a Singapore tribunal be directed to hear its plea on terminating the arbitration initiated by Amazon, ahead of final proceedings scheduled this...
MCA petitions NCLT seeking attachment of assets of videocon promoters
The Government of India’s ministry of corporate affairs (MCA) has filed a fresh petition in the Mumbai’s National Company Law Tribunal (NCLT) seeking permission to attach the assets of Videocon promoters to...
SC scraps Amazon, Flipkart petitions on antitrust probe
The Supreme Court on Monday refused to stay an antitrust probe against e-commerce giants Amazon India and Flipkart, observing that the firms must submit themselves to an inquiry by the Competition Commission of India...
Bombay High Court to hear petitions challenging LVB-DBS merger on December 22
The Bombay High Court on Tuesday adjourned the case filed by the shareholders and investors of Lakshmi Vilas Bank (LVB) to December 22, after the Reserve Bank of India (RBI) and DBS Bank India informed that they have...
Future Group files caveat petitions against Amazon in Delhi High Court
The Future Group on Monday filed two caveat petitions in the Delhi High Court against Amazon, anticipating that the US ecommerce giant could approach the court over the Indian group’s deal to sell its retail assets to...
Tech Mahindra files insolvency petitions against Reliance Communications
Tech Mahindra Ltd has filed three cases against Reliance Communications Ltd (RCom) and two of its subsidiaries—Reliance Telecom Ltd and Reliance Big TV Ltd—in the National Company Law Tribunal (NCLT) under the...
NCLT reserves order on petitions against Tangedco, say sources
The National Company Law Tribunal (NCLT), Chennai, has reserved orders in a batch of petitions filed by power producers Ind Bharath Power Gencom Ltd, Ind Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited...
NSEL Investor Petitions: Sebi Probing FTIL, Promoters
The Securities and Exchange Board of India (Sebi) has told the high court at Mumbai that it is investigating complaints against Financial Technologies (FTIL) and connected entities and promoters, including...
NCLT notice to SpiceJet on 3 insolvency pleas filed by lessors for arrears worth Rs 77 crore
The National Company Law Tribunal (NCLT) on Thursday issued a notice to SpiceJet Ltd, seeking the budget airline’s response to three insolvency petitions filed against it by aircraft lessors over ₹77 crore of...
Jaypee Infratech insolvency: Monitoring panel seeks NCLT direction to implement Suraksha group’s resolutio
Amid legal challenges for Suraksha group’s successful bid for debt-laden Jaypee Infratech, the monitoring panel set up to oversee the insolvency process has moved the National Company Law Tribunal (NCLT) seeking...
Ratcliffe could be forced to divest ManU stake under some conditions
Manchester United said it could coerce Jim Ratcliffe under certain circumstances to divest his ownership in the British soccer club at least 18 months after the billionaire closes his acquisition of a 25% stake in the...