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FRIVOLOUS BIDS
NCLT allows fresh round of bidding for KSK MahanadiThe National Company Law Tribunal (NCLT) has allowed KSK Mahanadi Power Company Ltd's committee of creditors (CoC) to invite fresh bids for...- Vedanta company urges SC to dismiss Venugopal Dhoot's appealLenders and the National Company Law Tribunal have approved Twinstar's bid to acquire the Videocon companies for ₹2,962 crore under the Ins...
- What should Vedanta shareholders do if they are unhappy with the delisting price? JN Gupta explains‘They can also bid at a price which they feel is a good price’
- Will take steps to curb frivolous bids for IL&FS assets: Injeti Srinivas, Corporate affairs secretarySrinivas also said New Delhi would soon take steps to discourage people from making frivolous bids and then backing out.
- 'Effective steps' on anvil to deal with frivolous bids under IBC, says officialNew Delhi, Feb 26 () The government will soon come out with "effective steps" to deal with instances where entities back out after making f...
- NCLAT may look in issue of frivolous bids under CIRPThe appellate tribunal indicated that it may pass an order in this regard, where companies file "frivolous" bids in the corporate insolvenc...
- Banks real winner in Binani resolution: Puneet DalmiaThe resolution plan of Dalmia Bharat IRF consortium achieved CoC approval in 233 days, which is the fastest so far for a billion-dollar tra...
- IPs do forensic audits to track bidders’ agendaFear is that some of the bidders may be using old promoter’s money through round tripping.
- Bankruptcy board shuts backdoor entry of promotersThis would help realise the objective of the code that was enacted to protect the value of assets.
- 'Pak's criticism of India's stand on Masood shows its support to terror'Pakistan's statement criticising India's bid to get Pathankot attack mastermind Masood Azhar designated as global terrorist by the UN refle...
- NTPC invites bids for 1,320-MW Khargone project in Madhya PradeshMeanwhile, recently, NTPC had put in place a detailed policy on banning business dealings involving unprofessional and frivolous vendors.
- National Thermal Power Corporation frames new policy to weed out unprofessional vendorsThe new policy comes against the backdrop of instances of projects getting adversely impacted due to unprofessional approach of some vendor...
- A lower reserve price will boost 2G auction prospects and government's revenue realisationTelecom analysts suggest a model with a lower base price and auctioning of all available spectrum in all circles, would boost govt's revenu...
- Favoured contractor given more cost hikesMoney flows liberally from the state’s coffers when it comes to irrigation projects executed by FA Construction , the water resources depar...
- Project delays: Lack of accountability the issueGovt's decision for quarterly Cabinet review of infrastructure projects is welcome.
- Eight suitors in Satyam bidding ringAt least 8 suitors have entered the bidding fray for Satyam, belying expectations that cos interested in buying will be fewer in number. La...
- Satyam to decide on qualification criteria for biddersThe Satyam board is likely to finalise the pricing guidelines for preferential allotment to a strategic investor and the criteria for short...
- Iran tightens rules for presidential candidatesIran's parliament on Sunday tightened the rules for people wishing to run for president, setting age limits and strict educational criteria...
- Staggered payment for 3GGlobal financial crisis should not impact auctions for 3G.
- Book-runner can’t pick & choose under new normsThe Securities and Exchange Board of India’s (Sebi’s) new norms for IPO allotments could open a pandora’s box, according to top investment ...
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