THE NATIONAL COMPANY LAW TRIBUNAL

Sebi gives nod to Reliance’s acquisition of Future Retail

The retail and wholesale undertaking of Future Group will be transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a wholly...

NCLT agrees to hear plea alleging mismanagement in Omaxe

Terming the matter as "exceptional" and having "compelling circumstances" against the realty firm, a two-member Chandigarh-based NCLT bench...

NCLT terms realty developer’s advance to landlord operational debt under IBC

In August 2018, both the entities had executed a term sheet after the property owner, Goodwill Theatres, approached Sunteck Realty for the ...

DHFL resolution: Lenders approve Piramal's bid

The "resolution plan submitted by Piramal Capital and Housing Finance Limited was duly approved by CoC by majority voting under section 30(...

No blanket extension of Companies Fresh Start Scheme: Ministry of Corporate Affairs

Aiming to improve corporate compliance, the ministry had launched the CFSS and amended the LLP Settlement Scheme in March last year, allowi...

Piramal Group claims its bid for DHFL highest and compliant with norms

Since the conclusion of the fifth and final round of the bidding process last month, Piramal Enterprises and the US-based Oaktree Capital a...

DHFL auction: Sebi wants to know how Oaktree made credit rating claims of future debt instrument

The US-based Oaktree Capital in its bid claimed that post resolution, DHFL's NCDs would be assigned an AAA rating if their resolution plan ...

KSK Mahanadi’s insolvency in limbo as 4 bidders back out

The four bidders were among seven applicants that had expressed interest in acquiring the power company that owns a 3,600 MW thermal power ...

Oaktree provides unconditional, implementable plan for DHFL resolution

"During our discussion with the legal counsel of the Administrator and the CoC, we were informed that we could not impose any conditions to...

Nithia Capital and CarVal Investors complete acquisition of stressed assets of Uttam Group for ₹2,000 crore

On May 6th of 2020, a monitoring agency was formed, in which successful resolution applicants Nithia and CarVal along with two members from...

Billions of dollars at stake for India banks in 2021 court cases

The legal tussles pit India’s lenders, central bank and government against corporate borrowers struggling to survive amid lockdowns prompte...

Crisil segregates ratings biz to comply with Sebi norms

The capital markets regulator had given rating agencies time till December 31 to segregate the rating and non-rating businesses so as to av...

Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'

"The alleged ‘fraud’ classification by certain banks is entirely unjustified and unwarranted, and the ...Delhi High Court by an interim ord...

RCom group owes around Rs 26,000 crore to Indian banks, financial institutions: Company

The creditors have submitted claims of around Rs 49,000 crore on RCom, Rs 24,000 crore on Reliance Telecom and Rs 12,600 crore on Reliance ...

Ruchi Soya shareholders approve appointment of Baba Ram Dev, Acharya Balkrishna on board

The board of directors, at its meeting held on August 19, appointed Ram Bharat as managing director of the company with effect from August ...

GMR Infra gets nod from stock exchanges on proposed rejig plan

In August this year, GMR Infrastructure unveiled a strategic group restructuring plan involving demerger of non-airport vertical business a...

DHFL hits upper circuit as Adani Group, Piramal, Oaktree bid for firm

In November, the RBI referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency...