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NCLT REJECTION OF DEMERGER
Vedanta shares in focus as Govt denies extension for Cambay Basin oil blockVedanta share price: The government has rejected Vedanta’s request to extend the production sharing contract (PSC) for the CB-OS/2 Cambay B...
Setback for Vedanta as govt denies extension for Cambay basin oil, gas blockIn a blow to Anil Agarwal's Vedanta Group, the government has rejected the extension of the contract for its CB-OS/2 oil and gas block in t...
Vedanta settles dispute with Chinese firm SEPCO ElectricVedanta has settled its long-standing dispute with Chinese firm Sepco Electric, clearing the way for its revenue-stream demerger, now expec...
Vedanta shares in focus as NCLT defers demerger hearing, SC dismisses pleaVedanta shares: The NCLT deferred its hearing on the company’s five-way demerger to September 17 following government objections over alleg...
Adani Properties gets NCLT nod to acquire HDIL's two assetsThe assets include a commercial property known as 'Inspire BKC' in Mumbai's business district Bandra-Kurla Complex and a land parcel in Kal...
Speed of doing business for ease of doing business: Streamlining India’s corporate restructuringCorporate restructuring in India is still hampered by NCLT delays, despite reforms aimed at simplifying the process. With over 15,000 cases...
NCLAT stays order against Vedanta's power business demergerVedanta Ltd received an interim stay from NCLAT on NCLT's order rejecting the demerger of its power business and merger with TSPL. The stay...
Relief for Vedanta as NCLAT stays demerger plan rejection by NCLTThe NCLAT has stayed the NCLT's rejection of Vedanta's demerger scheme, which was challenged due to inadequate disclosures and a debt of ₹1...
Vedanta gets NCLAT relief on demerger plan, shares edge upVedanta Ltd's demerger plans received a boost as the NCLAT granted an interim stay on the NCLT's rejection of the scheme, leading to a slig...
SC appoints third arbitrator for Vedanta-Sepco disputeThe Supreme Court has appointed a third arbitrator to resolve the dispute between Talwandi Sabo Power Ltd (TSPL), a Vedanta subsidiary, and...
NCLT rejects TSPL demerger: Vedanta’s restructuring plan faces hurdleThe NCLT Mumbai has rejected the demerger plan of Talwandi Sabo Power Ltd, a subsidiary of Vedanta Ltd, due to insufficient disclosures. SE...
NCLAT dismisses Kesoram's appeal in Birla Tyres insolvency caseKesoram Industries' appeal against the National Company Law Appellate Tribunal's Kolkata ruling rejected its claim of being a financial cre...
Kalrock-Jalan to pay Rs 1,183 crore to Jet's creditors over 5 yearsOutside of the resolution plan, the consortium has also offered to buy 51% of Etihad Airways’ stake in Jet’s loyalty programme, Jet Privile...
Market Movers: YES Bank tanks, Edelweiss jumps; 88 stocks flash ‘buy’ signalsNSE barometer Nifty gained 72.75 points to 12329. Both the indices closed at record highs
NCLT rejects Sun Pharma’s plan to demerge overseas subsidiaryThe company had approached the Ahmedabad bench of NCLT for an approval to transfer investment undertakings from Sun Pharma to its Netherlan...
IBC bill introduced in Rajya SabhaThe changes in the law are aimed at timely admission of applications and timely completion of the corporate insolvency resolution process.
Cabinet okays IBC tweaks, gives financial creditors upper handChanges aimed at faster resolution, follow NCLAT Essar Steel decision; boost to homebuyers.
need2know: 10 macro triggers that should matter for market todayA look at top macro triggers that may move market on Wednesday
Delay in demerger could further weaken CESCThe demerger process requires the approval of both National Company Law Tribunal and WBERC.
NCLAT approves Ratnagiri Gas demerger schemeThe NCLAT has extended the 'Long Stop Date' for the scheme of demerger of the companies to March 31, 2018.