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SoftBank to invest €75 billion in 5 GW French AI centresSoftBank Group is set to invest up to $87 billion in France to build 5 gigawatts of AI data center capacity, aiming to establish the countr...- Bombay HC quashes FIR against Sashidhar Jagdishan, calls it ‘abuse of criminal process’The Bombay High Court has quashed a police complaint against HDFC Bank MD Sashidhar Jagdishan. The court found the FIR to be a counterblast...
- HC quashes Lilavati Trust's bribery case against HDFC Bank CEOThe Bombay High Court has dismissed a bribery case against HDFC Bank MD Sashidhar Jagdishan. The court ruled the complaint was a reaction t...
- NCLT order to revalue Acil assets raises fears of resolution delaysA two-judge bench of the National Company Law Tribunal (NCLT) in Delhi has sought revaluation of assets in a more than three-year old case ...
- NCLT indicts PSBs on insolvency mandatesIt has indicted the dissenting banks for failing to clearly spell out their alternatives instead of just dissenting the resolution plan.
- Gail moves appellate court to challenge Alok Industries resolution planGail has opposed the resolution plan because it did not consider the government-owned gas and petrochemical company’s claims.
- NCLT refers Sterling Biotech for liquidation“The tribunal has decided to refer the company for insolvency in a verbal order,” said one of the people.
- Sterling SEZ: NCLT gives an earful to bankers, orders their personal presence FridayNitin and Chetan Sandesara are absconding and are believed to be abroad and are facing a Delhi court trail to declare them fugitive economi...
- NCLT orders insolvency proceedings for IDEB projectsThe National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process for IDEB Projects.
- How a banker ran into a crafty borrower and almost ended up becoming the fall guyAlmost every one, down to junior officials, received his periodic gifts and invitations to beauty contests at hill stations.
- DRT asks banks to amend prayer in IndiGo, GoAir caseThe consortium led by Oriental Bank of Commerce should pray for a direction to the Airbus to deposit the money received in the future from ...
- Kingfisher Airlines application: DRT may pass order on July 7Bankers' counsel prayed that application not be allowed 'according to its whims and fancies' and that the limitation period of the right to...
- Standard Chartered denies allegation on SBI-led consortium's collusion with Vijay MallyaThe bankers' counsel had said, "If the bankers had colluded with Mallya, we would not have been waging a court battle against the high-prof...
- Standard Chartered Bank alleges Mallya colluded with banks led by SBIDRT had barred Mallya from withdrawing $75 million exit payment from Diageo till the disposal of the case over the loan default by Kingfish...
- Vijay Mallya case: Tribunal to take up 7 IAs for final hearingThe doctrine of Lifting of Corporate Veil means disregarding the corporate personality and looking behind the persons controlling the compa...
- Vijay Mallya case: DRT advises banks to coordinate recovery of Rs 2,000 crore parked in courtsDefendants Diageo (Holdings) Netherlands and SBI-led consortium pleaded that their respective interlocutory applications be taken up for he...
- Diageo Holdings Netherlands files interlocutory applicationAll the parties, including Kingfisher, Diageo Plc and UBHL, pleaded today before the Tribunal to take up their applications on a priority b...
- Diageo files interlocutory applicationDiageo had issued a guarantee to Standard Chartered Bank for a $135 million loan to Watson to release certain UBL shares that were to be ac...
- Vijay Mallya case: Diageo questions DRT's power to attach moneyThe consortium led by State Bank of India had filed a memo putting a claim on the payout of $40 million to Mallya by Diageo as part of the ...
- Vijay Mallya default case: DRT to pass its orders tomorrowDRT had reserved its order after hearing the submissions made by both parties - bankers and Mallya - on March 4.
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