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NISHITH DHRUVA
Canara Bank erases 'fraud' tag from Anil Ambani's RCom loanCanara Bank has withdrawn its order classifying Reliance Communications' loan account, promoted by Anil Ambani, as fraudulent, leading the ...- Strategic buyers and investors scouting for insolvency-affected cement assetsStrategic buyers and investors are actively pursuing distressed cement companies undergoing insolvency, with Jaiprakash Associates Ltd's ce...
- IBC turns lifeline for hospitals: Investors snap up distressed healthcare firmsPromoter-driven firms and hospital operators are targeting stressed healthcare assets through insolvency processes due to lower valuations....
- Deals & disputes drive India Inc legal spends up by 17% in FY24; RIL & Sun Pharma top spendersLegal expenses for India's top 500 companies rose by 17% in the last fiscal year, driven by international deal activities, dispute resoluti...
- Litigation funding startups eyeing arbitration and insolvency resolution casesA total of 7,567 companies across sectors were brought into administration until March end, according to the latest data from the Insolvenc...
- Bankrupt hotel assets big draw with investorsSome such prominent properties under the hammer, such as the Westin Kolkata Rajarhat, have drawn interest from several bidders.
- NCLT to hear Zee lenders' pleas against merger in JanuaryThe Mumbai bench of the National Company Law Tribunal (NCLT) consisting of HV Subba Rao and Satya Ranjan Prasad has granted IndusInd Bank, ...
- Consolidation of Tata Steel is likely to be a complex process, say expertsThe group has initiated the process to consolidate its seven subsidiaries including four listed companies Tata Metaliks, Tata Steel Long Pr...
- Sebi restraints not applicable on NDTV promoter company: Adani"RRPR is not a party to the Sebi (Securities and Exchange Board of India) order dated 27th November 2020," Adani Enterprises said in a regu...
- Hopefuls queue up at NCLT doors for judges' postsFormer judges, bureaucrats, chartered accountants and company secretaries are among the professionals who have shown interest as the Insolv...
- Resolution professionals tap third-party funding to run sick companies in short termDuring the CIRP period, to keep the bankrupt company a 'going-concern', the RP has to make payments such as professional fees, payments to ...
- NCLT allows liquidation of Nitin Fire ProtectionThe Mumbai-based company was admitted under the corporate insolvency resolution process (CIRP) in November 2019 through a petition filed by...
- Future group, Amazon pick legal nominees for Singapore Arbitration PanelOn December 4, the SIAC will either approve the nominees or make its own suggestions, apart from appointing the panel’s presiding officer.
- Swiber appeals Bombay High Court to stop ONGC from invoking Rs 700 crore bank guaranteeThe Indian subsidiary of Swiber Holding Ltd had furnished the bank guarantee last year after bagging a construction, maintenance and servic...
- Include Axis Bank bids in Mahanagar Gas issue, orders Bombay High CourtMahanagar, which collected over Rs 1,040 crore through the issue, was subscribed 64.5 times. The IPO closed on June 23.
- Forget grounding defaulters, DRTs ill-equipped for recoveryBanks have claimed that liquor baron Vijay Mallya got away despite their plea to the Debt Recovery Tribunal (DRT) to attach the defaulter's...
- AIF norms may let in foreign funds even in no-go sectors like e-commerce, defence machineryThe new rules say that a fund will be considered as ‘domestic’ in nature as long as its sponsors and managers, who control the fund, are In...
- Slowdown, competition from smaller players force law firms to offer heavy discountsUndercutting is a very common practice indulged by newly set-up law firms or firms with expertise in one practice area.
- Indage Vintners to rejig debt, get fresh capitalTroubled wine-maker Indage Vintners, formerly Champagne India, will receive fresh capital and rejig its debt to lower interest and repaymen...
- Court orders Indage to wind up opsMD Ranjit Chougule says co will challenge the order to protect stakeholders' interests.
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