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PROMOTERS INELIGIBLE
Rs 420 crore share buybacks: Welspun Living, CMS Info Systems turn ex-record date today. Tracking any?Welspun Living and CMS Info Systems shares will trade ex-record date for their buybacks totaling Rs 420 crore. Investors await details on e...22 May, 2026, 08.07 AM IST- Dubai eases visa rule for single property buyersDubai has removed the minimum property value for its two-year residency visa for individual buyers. This move aims to boost realty demand. ...30 Apr, 2026, 09.54 AM IST
- NCLAT sets aside NCLT order declaring JC World Hospitality promoters ineligible for biddingThe National Company Law Appellate Tribunal (NCLAT) has overturned a National Company Law Tribunal (NCLT) decision that barred JC World Hos...16 Nov, 2025, 03.35 PM IST
- Sebi relaxes ESOP norms for founders of IPO-bound startupsSEBI has eased regulations, allowing startup founders to retain ESOPs granted at least a year before filing IPO papers. This facilitates fo...09 Sep, 2025, 10.18 PM IST
- Former promoters and directors can submit bids if not ineligible under Section 29A of IBC: NCLATThe National Company Law Appellate Tribunal (NCLAT) has ruled that former promoters and directors of a company undergoing insolvency are no...11 Jan, 2024, 09.39 PM IST
- NCLAT upholds Siva Industries liquidationThe settlement offer under Section 12A was made by RCK Vallal, who is the father of the founder of Siva group, C Sivasankaran. Siva Group i...31 Jan, 2022, 07.24 AM IST
- Changes in IBBI norms to prevent backdoor entry of ex-promoters in cos under liquidation: ExpertsNow, those who were ineligible are barred from being part of any arrangement at the stage of liquidation.12 Jan, 2020, 04.03 PM IST
- Gujarat NRE Coke former promoter to be ineligible to negotiate with creditors: NCLATJindal Steel and Power, which is an unsecured creditor of Gujarat NRE Coke, had challenged an NCLT order that allowed the promoters to sett...26 Oct, 2019, 07.03 PM IST
- Essar Steel shareholder seeks rejection of ArcelorMittal bid for firmThe plea by Essar Steel Asia Holdings Ltd (ESAHL) comes weeks after an insolvency court cleared ArcelorMittal's bid for Essar Steel07 May, 2019, 07.31 PM IST
- ArcelorMittal says NuMetal alter ego of Ruias; NCLAT disagreesAt a hearing before a two-member bench of the National Company Law Appellate Tribunal (NCLAT), senior lawyer Abhishek Manu Singhvi, appeari...05 Jul, 2018, 10.29 PM IST
- Dalmia Bharat alleges Ultratech acting ‘in concert’ with promoters of BinaniAs loan defaulters, the Binani promoters are themselves barred from bidding under the clause. However, both UltraTech and insolvency lawyer...10 May, 2018, 08.28 AM IST
- ArcelorMittal will get a shot at Essar Steel only after clearing pending duesThe committee of creditors will meet early next week to decide on the future course of action, said two senior bank officials.23 Apr, 2018, 09.47 AM IST
- Uttam galva links seen as hurdle to ArcelorMittal’s Essar Steel bidOne legal opinion doing the rounds is that the world’s largest steelmaker is ineligible under Section 29A (c) of the Insolvency and Bankrup...21 Feb, 2018, 08.37 AM IST
- Buyers of insolvent firms with stressed arms may get to bid for other companiesGovernment mulling change in IBC as norms do not allow promoters of a defaulting firm to bid for other insolvent assets.01 Feb, 2018, 12.23 AM IST
- Ex-MLA among 21 awarded sentence in 2003 promotions caseThe complainant had alleged that the Samiti's Board had given promotions to ineligible persons by violating rules.18 Mar, 2015, 02.20 PM IST
- IRDA slaps Rs 12 lakh penalty on Sahara Life InsuranceIRDA slapped a fine of Rs 12 lakh on Sahara Life Insurance Company promoted by Subrata Roy-led Sahara Group for violation of various regula...29 Feb, 2012, 09.36 PM IST
- Bail plea of Balwa, Raja's PS in 2G spectrum case dismissedThe court also considered the alleged fabrication of records relating to various companies with an objective to make Swam Telecom eligible ...25 Feb, 2011, 08.17 PM IST
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