Latest Updates Around The World
Shares of DCM Shriram Industries are expected to be in focus on Friday as share trading on an ex-demerger basis has commenced on the record date, December 26, for the approved demerger plan, which will come into effect.DCM Shriram Industries had earlier announced December 19 as the registration date and later revised it to December […]
NEW DELHI: The Enforcement Directorate has said that real estate developer Experion Developers misused the provisions of the Insolvency and Bankruptcy Code in acquiring 9.3 hectares of land in Sector 62 of Gurugram.While investigating a Prevention of Money Laundering (PMLA) case against Religare Finvest, the ED had seized assets of the corporate debtor, Dignity Buildcon, […]
The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd.Delhi-based Katra Realtors stood as guarantor for listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing bankruptcy proceedings. Ansal API […]
Tata Motors Ltd said on Thursday its commercial vehicle unit, TML Commercial Vehicles Ltd, will be renamed Tata Motors Limited, as part of a wider restructuring under a deal involving its key automotive divisions. The company informed the stock exchanges that Tata Motors Limited, the existing listed entity, will change its name to Tata Motors […]
On Friday, Tata Motors LTD obtained approval from the Mumbai Bench of the National Company Law Tribunal (NCLT) for his restructuring plan, in which the road is acquitted for the Demerger of his passenger vehicle (PV) and commercial vehicles (CV) of 1 October. In its order, the tribunal has cleared the composite schedule of scheme, […]
The National Stock Exchange of India (NSE) has announced the suspension of trade in shares of Pyramal Enterprises LTD (PEL) with effect from 23 September, after the closing hours of trade on 22 September. This is due to the approved regulation of fusion between Pel and Piramal Finance LTD (PFL). “Following the following of Regulation […]
The Supreme Court suggested on Friday important reforms in the insolvency and bankruptcy code “to restore the belief in the legal and insolvent framework”, even when it encouraged the government to come up with a revival fund to provide financing for stressed real estate projects that undergo insolvency procedure. The APEX court said that the […]
New Delhi: The Appellate Tribunal NCLAT has rejected the plea against the acquisition of Vadraj Cement by Nirma Group Cement Business Nuvoco Vistas Corporation during an insolvency oil process. The NCRAT main bank based in Delhi has confirmed the previous order adopted by the Mumbai Bench of the National Company Law Tribunal (NCLT), which on […]
Sona BLW Precision Sordings (Sona CompStar) has turned the heat by giving a cease-and-desistent notification to Rani Kapur, mother of Sunjay Kapur, the former chairman of the company, to prevent it from distributing illegal and defamatory information, said people to know. The notification claims important reputation and financial damage exclusively as a result of its […]
