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TELCOS INSOLVENCY PROCESS RULING
NCLT approves Mantra Properties’ resolution plan for stalled project in WorliThe NCLT Mumbai Bench has approved Pune-based Mantra Properties & Developers’ resolution plan to revive a stalled Worli residential project...
Morgan Stanley was among first global banks to back MFS before boom and bustMorgan Stanley initially backed British private credit firm Market Financial Solutions (MFS) before its collapse under $2.4 billion in debt...
India rewrites telecom rulebook, replacing licence contracts with statutory authorisationsNew government rules replace the telecom industry's contractual licensing with a unilateral statutory model. Operators will now receive aut...
German citizenship: Rules, eligibility and application process explainedGermany has eased its citizenship rules, allowing many foreign residents to naturalize after five years of legal stay. Applicants need to m...
Karnataka supports 10,500 food processing units, creates up to 1 lakh jobs: KAPPECKarnataka is championing micro food processing, supporting over 10,500 units and creating up to one lakh jobs. The state is also a leading ...
SREI Finance withdraws plea against Nirmal Lifestyle Mulund’s revival plan at appellate tribunalA key creditor has withdrawn its appeal against Nirmal Lifestyle's resolution plan after the buyer, Mantra Properties, clarified a disputed...
NARCL to expand beyond government guarantee modelIndia's state-backed bad bank, NARCL, is set to broaden its acquisition strategy, moving beyond government-guaranteed deals. This expansion...
DoT retains backhaul spectrum pricing, rejects Trai's cut proposalTelecom operators face continued high costs for backhaul spectrum as the Department of Telecommunications rejects regulator Trai's proposal...
Byju’s-Aakash settlement talks enter final stretch ahead of NCLT hearingSettlement talks are underway between Manipal Education and Medical Group and GLAS Trust, representing Byju's US lenders, to resolve the Aa...
DoT drafts spectrum assignment rules for BSNL, satellite and broadcasting firms; NGSO players excludedNew draft rules from the Department of Telecommunications will allow administrative spectrum assignment for state-run firms like BSNL and M...
Affordable housing, rental expansion and RERA reforms set to define next growth phase in India's urban region: ReportIndia's housing sector is set for a major overhaul, driven by urbanization and policy shifts. A report highlights the urgent need for affor...
JAL shares delist from BSE and NSE today: Will its 6.5 lakh shareholders get anything?Jaiprakash Associates shares were delisted from the BSE and NSE on Thursday, marking the closure of one of India's longest-running insolven...
Consumer groups oppose Trai plan to scrap advisory panel for telecom complaintsConsumer advocates are pushing back against the telecom regulator's plan to eliminate the advisory committee for complaint appeals. They ar...
ED searches at 17 locations in corporate insolvency process caseThe Enforcement Directorate has launched a money laundering probe, conducting searches across 17 locations in Maharashtra and Delhi. The in...
New valuation rules seek fairer outcomes in bankruptcy casesNew Delhi: The bankruptcy regulator has issued a circular for standardized valuation of companies under the Insolvency and Bankruptcy Code....
JAL shares to delist from BSE and NSE on Thursday. What happens to its 6 lakh shareholders?Jaiprakash Associates is set to be delisted from the BSE and NSE from June 18 following the completion of insolvency proceedings and Adani ...
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...