In a new development in the tussle over Future Retail, Amazon has moved the Supreme Court for allowing arbitration proceedings to restart at the Singapore International Arbitration Centre (SIAC). Representing Amazon NV...
Merger of anti-profiteering body with CCI faces hurdles
The government’s idea of merging the National Anti-profiteering Authority (NAA), which penalizes businesses for goods and services tax (GST)-related profiteering, with the anti-trust regulator Competition Commission of...
Yes Bank vs Dish TV: Bombay HC asks NCLT to expedite hearing
The Bombay High Court on Friday directed the National Company Law Tribunal (NCLT) to expeditiously hear an application filed by Yes Bank, wherein it has sought the tribunal’s direction to Dish TV to convene an...
Two firms can face IBC proceedings if both are corporate debtors: SC
The Supreme Court on Thursday said if two corporate bodies fall within the ambit of corporate debtors, there is no reason why insolvency proceedings cannot be initiated against both under the IBC. Section 7 of the...
Russian oil firm Lukoil acquires Spartak Moscow soccer club
Russian oil firm Lukoil said it had purchased Russian Premier League club Spartak Moscow, as well as the Moscow stadium where it plays its home matches. Spartak is reeling from financial problems in the wake of...
Probe wings of NAA, CCI to be merged
The Union government plans to merge the investigation wings of the National Anti-profiteering Authority (NAA) and Competition Commission of India (CCI) to deal with goods and services tax-related offences. The move...
SBI starts insolvency proceedings against Bajaj Hindusthan Sugar
Country’s largest lender SBI has initiated insolvency proceedings in the National Company Law Tribunal (NCLT) against Bajaj Hindusthan Sugar, the company said in a regulatory filing on Tuesday. The petition has...
Amazon-Future Coupons case: NCLAT upholds CCI order, directs e-commerce giant to pay Rs 200 crore
In a blow to Amazon, the NCLAT has upheld the Competition Commission of India’s (CCI) order suspending the deal between the global e-commerce giant and Future Coupons. A two-member bench comprising Justice M...
Bankruptcy proceedings to begin against Radius promoter Chhabria
The bankruptcy court has ordered personal insolvency proceedings against Sanjay Chhabria, promoter of property company Radius Group. This is the first high-profile case to be admitted for personal insolvency since...
Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT
Insolvency appellate tribunal NCLAT on Monday said the implementation of Jalan-Kalrock consortium resolution plan for Jet Airways would be subject to the outcome of its order over the appeals filed before it. While...
NCLAT reserves order on Amazon’s plea against CCI ruling
The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon’s plea challenging the decision of regulator CCI to suspend approval for the e-commerce major’s deal with Future Coupons...
Future Retail lenders select Deloitte backed interim resolution professional to take the company to bankruptcy court
Future Retail’s lenders on Thursday evening selected Vijaykumar Iyer, backed by Deloitte India, as the interim resolution professional for referring the Kishore Biyani-promoted hypermarket chain to the bankruptcy court...