Ten more of GVK group’s entities under MCA lensThe companies include eight step-down subsidiaries of GVK group flagship GVK Power & Infrastructure ltd. Another entity on the radar include Bangalore International Airport Ltd, in which GVK group has sold its stake to Prem Watsa led Fairfax Group in.
Maytas Infra seals deal to repay Rs 250 cr debtJust a couple of months after it hammered out a one-time settlement with HDFC Bank to repay an outstanding loan of Rs 100 crore, the IL&FS-promoted Maytas Infra is now learnt to have sealed similar one-time settlement deals with nearly half a dozen banks to repay outstanding debt of another Rs 250 crore.
Satyam-Maytas Infra row hots upThe ongoing wrangle between the IL&FSpromoted Maytas Infra and Mahindra Satyam over the “missing” Rs 392 crore, which allegedly wound up during Raju’s reign into Satyam coffers from Maytas Infra, is getting hotter.
Annexure-less returns worry taxpayersFor nearly a year after the system was introduced in assessment year 2006-07, the tax department is still battling with tax refunds of nearly Rs 14,000 cr. Cut tax bill
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