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ESSEL INFRAPROJECTS INSOLVENCY
Unchecked AI use in courts could be 'catastrophic': SCThe Supreme Court has issued a stern warning regarding the unchecked use of artificial intelligence in legal proceedings, deeming it potent...- 'Methyl Isocyanate of law': SC slams AI 'hallucinations', quashes NCLT verdictThe Supreme Court has declared zero tolerance for AI-generated fake or hallucinated judgments used as legal precedents. Setting aside an NC...
- Essel Infra faces insolvency on J&K Bank's applicationThe National Company Law Tribunal has admitted Jammu and Kashmir Bank's plea to start insolvency proceedings against Essel Infraprojects Lt...
- Bankruptcy court admits Essel Infraprojects under insolvency resolution processJammu and Kashmir Bank's application to initiate insolvency proceedings against Essel Infraprojects Ltd has been admitted by the Mumbai ben...
- SC agrees to hear IDBI Trusteeship Services’ appeal, issues notice to Essel group entitiesThe Supreme Court has asked a response from Essel group firms, Cyquator Media Services Pvt Ltd and Direct Media Distribution Ventures, on t...
- NCLAT dismisses IDBI Trusteeship plea for insolvency against Essel group entity Cyquator Media ServicesA two-member bench of the appellate tribunal observed that the default, claimed by IDBI Trusteeship, had happened during June 2020, which i...
- Insolvency plea on Dish TV's promoter group company scrappedFormer Dish TV chairman and MD Jawahar Goel, along with his family, is a promoter of Dish TV. Goel is Essel Group chairman Subhash Chandra'...
- Indiabulls Housing Finance moves NCLT against Subhash Chandra to recover loansIt has claimed that Chandra provided a guarantee for a loan to Gnex Projects that obtained a Rs 190 crore loan from Indiabulls Housing Fina...
- SBI moves NCLT against Essel Infraprojects, bank has Rs 100 crore exposure in 2 SPVsThe SPVs are involved in separate legal proceedings with SBI. One of them, Coruscation Vidyut Vitaran (Ujjain), which was earlier known as ...
- Market Movers: Another home loan rate hike coming; terror risk to GDP and moreA lowdown on top macro triggers that may move market on Thursday.
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