Ex SBI chairman Pratip Chaudhuri arrested in loan scam caseFormer State Bank of India Chairman Pratip Chaudhuri was arrested on Sunday by the Jaisalmer Sadar police from his Delhi residence in a loa...
MCA moves NCLT to freeze all assets of Metalyst Forgings former promotersIn December 2017, the company was admitted under the Corporate Insolvency Resolution Process in a petition filed by the State Bank of India...
Top-level exits: AU SFB says "nothing to hide" on transparency, disclosure issuesIn an early morning investor call, MD & CEO Sanjay Agarwal said the bank has "nothing to hide" and there is nothing on the "governance issu...
Two new bidders for LavasaTwo bids from Alchemist ARC president Srishti Dhir along with her brother Madhav Dhir and little known Darwin Projects are being considered...
NCLT admits insolvency plea against Cox & KingsThe company said last month that the International Air Transport Association (IATA) had terminated its licence to sell air tickets and aske...
ED's Bhushan Power & Steel move vindicates stand: JSWIndia’s second-largest steelmaker has offered to acquire BPSL, but sought immunity from litigation related to alleged frauds at the bankrup...
Non-steel repayments may soften bankers on Essar bidICICI Bank, Axis Bank, and Standard Chartered Bank, which had lent to Essar Global to fund expansion of the group’s businesses, have now be...
IBC an imbalanced economic provision: Sanjay SingalIBC is an “imbalanced provision” that has become a takeover or liquidation code, Sanjay Singal said.
ArcelorMittal gets time to pay up duesSC's judgement will be critical for ArcelorMittal to continue as an eligible bidder for Essar Steel.
ArcelorMittal may return as Uttam Galva promoterSources said since ArcelorMittal has already exited Uttam Galva in the wake of its Essar Steel bid, the LN Mittal company has no formal sha...
After NCLT order, Essar Steel lenders to decide on status of Numetal, Ruia contentionNumetal sources said the court order implies that the lenders’ committee will have to consider the original bid by the consortium, in which...
IBC: Move to forbid 'dirty dozen' to impact competitive bidding"It will reduce the pool of resolution applicants who can participate in competitive bidding for the assets which are put on the block," so...
Corporate defaulters may lose much protection under new codeCases listed before the panel include those of Uttam Galva, Zenith Computer, Moser Baer, Lilliput Kidswear and Avaya Industries, among a li...
- Cos turn to law firms to avoid layoff disputes
Law firms are being increasingly consulted by cos planning large-scale redundancies. India Inc's succession plans | In conversation: DLF's ...
- Global law companies eye informal tie-ups in India
Global law majors are increasingly getting into informal tie-ups with mid-sized firms in India to understand the market. The selling mantra
- Law firms hike salaries to retain talent as foreign cos troop in
Top foreign law firms like Clifford Chance and Allen and Overy stocking up on Indian talent, salaries in Indian law firms are hitting the r...
- Law firms fight attrition with fatter paychecks & mid-term hikes
Foreign law firms like Clifford Chance and Allen and Overy are stocking up on Indian talent, thereby effecting big salary hikes.Firing empl...