Jai Corp's Virendra Jain, son acquire Kamachi Industries for ₹487 croreJai Corp's vice chairman Virendra Jain and his son Ankit Jain have acquired Chennai-based steel company Kamachi Industries for ₹487 crore. ...
27 Jul, 2024, 11.16 PM IST
Experts worried as many companies rush to promote Independent Directors to ChairmanAs per Indian law, a chairman gets a casting vote if the board voting results is a tie.
30 Apr, 2019, 09.03 AM IST
Abhijeet creditors seek removal of liquidatorKothari said he will defend himself before the NCLT.
13 Feb, 2019, 08.04 AM IST
Nicco Corporation’s minimum bid price fixed at Rs 232 croreBanks including State Bank of India has non-performing loans of Rs 325 crore.
08 Mar, 2018, 08.17 AM IST
Nicco Corporation's liquidation: Lenders, workmen may have to accept huge haircut on claimsBanks including State Bank of India has non-performing loans of Rs 325 crore while 650 workmen have about Rs 14 crore admitted claims.
07 Mar, 2018, 08.02 PM IST
DB Realty owner’s brother abducted in MozambiqueCity-based businessman Pramod Goenka (52), brother of chairman of construction firm DB Realty Vinod Goenka, is believed to have been kidnap...
20 Feb, 2018, 11.18 AM IST
Assam Company to face bankruptcy proceedingsThe overdue amount on the unpaid loan has reached Rs 596 crore.
03 Nov, 2017, 11.28 AM IST
NCLT weeds out frivolous casesCases from trade creditors before the National Company Law Tribunals (NCLT) are now on the wane.
14 Aug, 2017, 09.13 AM IST
Insolvency board registers seven casesICICI Bank’s application for insolvency resolution against Innoventive was the first to be registered by the Board.
10 Feb, 2017, 02.01 PM IST
New era: Insolvency resolution begins for seven Indian companiesICICI Bank’s application for insolvency resolution against Innoventive was the first to be registered by the Board.
09 Feb, 2017, 04.27 PM IST
Securitisation markets to get a boost as Budget removes distribution taxAnother chartered accountant pointed out that the finance minister has also permitted foreign portfolio investors (FPIs) to invest in secur...
29 Feb, 2016, 05.15 PM IST
RBI tightens grip on non-banking finance companies, approval needed for takeoversThe draft proposals have been based on representations received from NBFCs and other industry participants, the RBI said.
31 Mar, 2015, 02.56 AM IST
Companies Act forces private cos to convert to LLPsPrivate limited companies are being compelled to convert themselves into limited liability partnership firms because of stringent norms.
25 Feb, 2015, 02.10 PM IST
Law expert Vinod Kothari criticises the revised regulatory norms for NBFCs announced by RBI"While there are no substantive regulation on such NBFCs, administrative controls on them will continue," he pointed out.
11 Nov, 2014, 07.30 PM IST
- Indian Securitisation Foundation seeks rollback of securitisation tax proposal
Consultants KPMG had, on behalf of ISF, moved a proposal on December 31, 2012, seeking pass-through status for securitisation vehicles.
06 Apr, 2013, 05.26 PM IST
Budget 2013: Securitisation to pick up in FY 2013-14Securitisation is likely to rise multifold in coming financial year 2013-14 from the existing levels of Rs 20,000 crore per year.
28 Feb, 2013, 02.07 PM IST
- Two day infrastructure & asset finance seminar to be held in Mumbai
Infrastructure developers and financiers are coming together in a common forum in Mumbai, to discuss the critical issues plaguing the count...
27 Aug, 2012, 01.45 PM IST