Search result for 'petition'

NCLAT Dismisses Insolvency Plea Against PepsiCo India

May 12, 2025 19:49

NCLAT dismissed an insolvency petition against PepsiCo India, ruling that IBC provisions cannot be used for debt recovery. The tribunal upheld the NCLT order, finding that the principal amount had...

Tikona Infinet Settles Dispute with L''T Finance

May 12, 2025 18:42

Tikona Infinet has reached a settlement agreement with L''T Finance to resolve a dispute over debt bonds. The agreement follows an application filed by L''T Finance to the National Company Law...

SC Ruling Impacts JSW Steel Financials: BPSL Takeover Loss

May 6, 2025 16:21

Supreme Court ruling against JSW Steel's BPSL takeover plan will negatively impact the company's financials, causing revenue and production losses.

NHAI Seeks Conciliation with Jaiprakash Associates Over Rs 1,461.6 Cr Claims

May 5, 2025 20:43

NHAI has decided to go for conciliation with Jaiprakash Associates Ltd concerning Varanasi Gorakhpur road projects, seeking compensation for delayed project completion and land acquisition issues.

Samsung Challenges USD 500 Million Penalty by CESTAT

May 4, 2025 20:48

Samsung India challenges a USD 500 million penalty imposed by Indian customs authorities for misclassifying imported telecom equipment. The company has moved the CESTAT tribunal.

IEX to Log Double-Digit Growth in FY26 | Indian Energy Exchange

May 4, 2025 11:20

Indian Energy Exchange (IEX) is set to see double-digit volume growth in FY26, driven by new products and increasing liquidity. IEX also sees potential in gas, carbon, and coal exchanges.

EPFO Scheme Better for Construction Workers: Regional Provident Fund Commissioner

May 2, 2025 16:00

A regional provident fund commissioner has ruled that EPFO's provident fund scheme provides better protection for construction workers compared to the BOCW Act, highlighting advantages like...

Punjab Hybrid Rice Ban: Farmers to Lose Rs 10,000/acre

April 29, 2025 18:12

Punjab's ban on hybrid rice seeds could cost farmers up to Rs 10,000 per acre, says FSII, citing income loss and potential water conservation benefits of hybrid varieties.

Jaypee Infratech to Invest Rs 6K Cr to Complete 20K Homes

April 24, 2025 17:31

Suraksha Group-controlled Jaypee Infratech will invest Rs 6,000 crore to complete 20,000 stalled housing units in 3 years, assuring homebuyers of meeting deadlines.

Jaypee Infratech to Complete 20,000 Homes in 3 Years

April 24, 2025 17:31

Suraksha Group-led Jaypee Infratech will invest Rs 6,000 crore to complete 20,000 stalled housing units in 3 years, assuring homebuyers of timely delivery.

Tata Teleservices (Maharashtra) Loss Narrows in Q4

April 23, 2025 20:12

Tata Teleservices (Maharashtra) reports a narrowed loss of Rs 306.42 crore in the January-March quarter of FY 2024-25. Revenue declined by 5% to Rs 308.27 crore.

NCLAT Rejects Byju's Settlement Plea, Upholds Insolvency

April 18, 2025 14:41

NCLAT dismisses appeals by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju's, upholding the NCLT order that requires settlement approval from the Committee of...

Vaishnaw Asks UIDAI to Harmonize Aadhaar with Data Protection

April 9, 2025 19:15

Union Minister Ashwini Vaishnaw calls for updating Aadhaar Act to align with data protection norms, emphasizing user convenience and a modern legal framework.

Vivad Se Vishwas Scheme Deadline: April 30

April 9, 2025 18:33

CBDT sets April 30 as the deadline for taxpayers to file declarations under the Vivad Se Vishwas dispute resolution scheme, launched to resolve pending tax disputes.

Tata Steel Challenges Rs 25,000 Cr Tax Reassessment in Court

April 4, 2025 22:14

Tata Steel has challenged a tax reassessment order of over Rs 25,000 crore for FY18-19, arguing that the debt waiver shouldn't be considered taxable income. The company has moved the Bombay High...

NCLAT Upholds Go First Liquidation: Busy Bee Plea Rejected

April 4, 2025 19:17

The National Company Law Appellate Tribunal (NCLAT) dismissed petitions against Go First's liquidation, upholding the NCLT's order to liquidate the grounded airline.

MRN Chamundi Settles Sebi Case for Rs 56 Lakh

April 2, 2025 21:33

MRN Chamundi Canepower and Biorefineries has settled a case with Sebi over alleged violations of the Companies Act, paying Rs 56 lakh towards the settlement amount.

Anil Ambani Fined Rs 25,000 for 'Artificial Urgency' in I-T Case

April 2, 2025 20:14

The Bombay High Court imposed a cost on Anil Ambani for seeking an urgent hearing of his petition challenging an I-T notice, calling it 'artificial urgency'.

Oberoi to Manage Wildflower Hall for 3 More Months

April 1, 2025 13:55

The Oberoi Group will continue managing Wildflower Hall hotel in Shimla for three more months, while the Himachal Pradesh government prepares to lease the property.

RCap Lenders Withdraw Petition Against IndusInd at NCLAT

March 30, 2025 11:13

Lenders of Reliance Capital have withdrawn their petition against IndusInd International Holdings Ltd at NCLAT after IIHL completed the resolution plan and paid the debt.

Service Charge on Food Bills Voluntary: Delhi HC Upholds CCPA Guidelines

March 28, 2025 19:05

Union Minister Pralhad Joshi hailed the Delhi High Court ruling that upheld CCPA guidelines prohibiting mandatory imposition of service charge on food bills, declaring it voluntary.

Union Carbide Waste Disposal Approved: HC Greenlights Trial Incineration

March 27, 2025 19:48

Madhya Pradesh High Court allows disposal of Union Carbide waste in Pithampur after successful trials. The decision comes after years of legal battles and protests from locals.

Union Carbide Waste Disposal Approved in Bhopal After Trials

March 27, 2025 19:47

Madhya Pradesh High Court allows disposal of Union Carbide waste in Pithampur after successful trials. The waste will be disposed of within 72 days, with safety measures in place.

Ola Electric Settles Dues with Rosmerta Group

March 25, 2025 09:51

Ola Electric Technologies Pvt Ltd has amicably settled all dues with Rosmerta Group, its former vehicle registration service provider. The company says there are no further claims or disputes.

Skoda Tax Case: Customs Warns of 'Catastrophic' Consequences if Relief Granted

March 23, 2025 20:09

The Customs department has urged the Bombay High Court to dismiss Skoda's plea for relief in a USD 1.4 billion tax case, warning of 'catastrophic consequences' if the company is granted relief. The...

Ola Electric Faces Scrutiny Over EV Sales Discrepancy

March 21, 2025 11:13

Ola Electric is facing inquiries from Indian ministries over a gap between its reported EV sales and vehicle registrations. The company attributes the discrepancy to a backlog in registrations due...

Ola Electric Sales Probe: ARAI to Investigate Mismatch, Complaints

March 20, 2025 18:05

India's Heavy Industries Ministry has ordered an investigation into Ola Electric's sales figures discrepancies and consumer complaints. ARAI will submit a report within 15 days.

Bombay HC Upholds Mall Closure for Lack of Environmental Clearance

March 20, 2025 16:20

Bombay High Court upholds closure of a mall in Mumbai for operating without environmental clearance. The court stated that operating a mall without necessary approvals is a serious ecological issue.

India Recommends 12% Import Duty on Steel Products

March 19, 2025 20:12

India's commerce ministry recommends a 12% safeguard duty on certain steel imports for 200 days to protect domestic producers from a surge in imports. The decision faces opposition from downstream...

Aakash Founder Challenges Governance Changes: NCLT Hearing

March 18, 2025 22:24

Aakash Educational Services founder Jagdish Chand Chaudhry has challenged changes in the company's governance norms at the NCLT. The case involves a complex ownership structure and disputes over...

New India Bank Depositors Seek RBI Help Amidst Financial Crisis

March 18, 2025 19:22

Depositors of New India Co-operative Bank, hit by alleged embezzlement, appeal to RBI for immediate measures to revive the bank and alleviate their financial hardship.

Adani Green Energy Projects in Sri Lanka Withdrawn

March 18, 2025 16:59

Five fundamental rights petitions against Adani Green Energy projects in Sri Lanka have been withdrawn following the company's decision to cancel its wind energy projects. The projects faced...

Zomato Faces Insolvency Plea: NCLT Hearing

March 17, 2025 22:29

Zomato faces an insolvency plea before the NCLT due to unpaid dues from an apparel supplier, Nona Lifestyle. The NCLT has adjourned the matter to April.

Ola Electric Shares Plunge 7% Hit 52-Week Low

March 17, 2025 11:56

Ola Electric shares plummeted over 7% after Rosmerta Digital Services filed for insolvency proceedings against Ola Electric Technologies. The stock hit a 52-week low.

Ola Electric Subsidiary Faces Insolvency Proceedings

March 15, 2025 23:07

Rosmerta Digital Services Ltd has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, alleging default in payment for services rendered. Ola Electric disputes the claims and...

NCLAT Orders Investigation into Chennai Bench Ruling

March 15, 2025 15:57

The National Company Law Appellate Tribunal (NCLAT) has ordered an investigation into an order passed by the Chennai bench of the NCLT, finding it 'dubious' and 'not plausible'.

SpiceJet Promoter Sells 1% Stake for Rs 52 Crore

March 13, 2025 19:44

Ajay Singh, SpiceJet's MD, has sold nearly 1% stake in the budget airline for Rs 52 crore through an open market transaction. His holding now stands at 22% after the stake sale.

Anti-dumping Duty on Vitamin Import from China, EU, Switzerland

March 13, 2025 16:17

India's DGTR recommends anti-dumping duty on Vitamin A Palmitate imports from China, EU, and Switzerland due to dumping impacting domestic industry.

GLAS Trust Moves NCLAT for Stay on Byju's AoA Amendments

March 11, 2025 22:30

GLAS Trust, a US-based lender to Byju's, has filed a petition in the NCLAT seeking a stay on amendments to the AoA of Aakash Educational Services, arguing they impact the CIRP process. The NCLAT...

NCLAT Approves ICICI Securities Delisting: Quantum Fund Petition Dismissed

March 10, 2025 17:04

The National Company Law Appellate Tribunal (NCLAT) has dismissed petitions challenging ICICI Securities' delisting from stock exchanges, including those filed by Quantum Mutual Fund and a public...

Jaiprakash Associates Must Be Sold as One Unit: NCLT

March 10, 2025 16:08

NCLT rules Jaiprakash Associates must be sold as a whole entity during insolvency proceedings, rejecting the option of dividing assets. The tribunal emphasizes the importance of the company being...

NCLAT Upholds Duncans Industries Resolution Plan

March 9, 2025 13:54

The NCLAT dismissed appeals against the resolution plan for Duncans Industries, clarifying that lease renewal decisions are within the state government's jurisdiction.

SpiceJet Faces Fresh Insolvency Pleas from Lessors & Pilot

March 8, 2025 13:10

SpiceJet faces fresh insolvency proceedings from three Irish aircraft lessors and a former pilot in NCLT, claiming defaults. The lessors seek initiation of insolvency proceedings against SpiceJet...

Antilia Bomb Scare: HC Dismisses Waze's Plea

March 6, 2025 13:47

The Bombay High Court dismissed ex-cop Sachin Waze's plea claiming illegal detention in the Antilia bomb scare case, stating he was not acting in his official capacity when he planted the...

Adani Group Allowed to Cut Mangroves for Jetty Project

March 5, 2025 21:31

Bombay High Court permits Adani Cementation to cut 158 mangroves for a jetty project in Raigad district, emphasizing environmental conservation and sustainable development.

Reliance, BP to Pay USD 2.81 Billion for Gas from ONGC Block

March 4, 2025 12:53

Indian government demands USD 2.81 billion from Reliance Industries and BP for gas produced from an ONGC block, following a Delhi High Court ruling.

HC Stays FIR Against Ex-Sebi Chief Buch, 5 Others

March 4, 2025 12:39

The Bombay High Court stayed a special court's order directing an FIR against former Sebi chairperson Madhabi Puri Buch and 5 others for alleged stock market fraud and regulatory violations.

HC Stays FIR Against Ex-Sebi Chief Buch, 5 Others

March 4, 2025 12:29

Bombay High Court stays special court order directing FIR against ex-Sebi chairperson Madhabi Puri Buch and 5 others for alleged stock market fraud and regulatory violations.

HC Stays FIR Against Ex-Sebi Chief Buch & Others: Stock Market Fraud Allegations

March 4, 2025 11:50

The Bombay High Court has stayed an order directing an FIR against former Sebi chairperson Madhabi Puri Buch and others for alleged stock market fraud and regulatory violations.

HC Stays FIR Against Ex-Sebi Chief Buch, 5 Others

March 4, 2025 11:50

Bombay High Court stays a special court's order to file an FIR against ex-Sebi chief Madhabi Puri Buch and 5 others for alleged stock market fraud and regulatory violations. The court found the...

NCLAT Condones Delay in PepsiCo Insolvency Case

March 3, 2025 20:25

The National Company Law Appellate Tribunal (NCLAT) has condoned the delay in filing an insolvency petition against PepsiCo India Holdings, allowing a hearing to proceed. The case involves a...

Naveen Jindal Group Acquires Bhadreshwar Vidyut for Rs 500 cr

March 3, 2025 17:39

Jindal Power to acquire Bhadreshwar Vidyut for Rs 500 crore, adding 300 MW to its thermal power portfolio, expanding its presence in Gujarat and bolstering its power generation capacity.

NCLAT Upholds SFIO Report on IFIN, Deloitte Haskins' Plea Rejected

March 2, 2025 18:46

The NCLAT dismissed Deloitte Haskins' challenge to the SFIO's report on IFIN, upholding the admissibility of the report in proceedings against the firm. This follows a series of legal battles...

HC Slams Banks for Copy-Paste Fraud Orders, Asks Ambani to Approach RBI

February 28, 2025 16:31

Bombay High Court criticizes banks for issuing 'cut, copy, paste' fraud orders without due process, asking Anil Ambani to file complaint with RBI.

MMRDA Accuses Systra of 'Misrepresenting Facts' in Corruption Allegations

February 25, 2025 20:06

MMRDA refutes corruption allegations by Systra, accusing the French firm of 'misrepresenting facts' and attempting to deflect attention from contractual breaches. The authority says Systra's...

Blackstone-Backed Singapore Topco Withdraws NCLT Petition Against Akash AGM

February 24, 2025 21:34

Blackstone-backed Singapore VII Topco withdraws NCLT petition against Akash AGM, alleging oppression and mismanagement. The petition challenged an amendment in the Articles of Association (AoA) of...

NCLT Admits Insolvency Against AVIOM India Housing Finance

February 21, 2025 15:45

The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following the Reserve Bank of India's intervention due to governance concerns and...

Skoda Volkswagen Tax Demand: Customs Tells HC 'No Victim Play'

February 20, 2025 17:14

Skoda Volkswagen India faces a USD 1.4 billion tax demand from Indian Customs for allegedly providing misleading information on imports. The court heard arguments on the case.

Supreme Court to Examine NFRA's Powers to Probe CA Misconduct

February 17, 2025 20:19

The Supreme Court will hear the NFRA's plea on its authority to investigate and penalize chartered accountants and accounting firms for misconduct. The court is considering the validity of NFRA's...

Volkswagen Tax Dispute: Customs Dept Won't Stop Shipments

February 17, 2025 18:07

Skoda Auto Volkswagen India faces a USD 1.4 billion tax demand for allegedly misclassifying imports as parts, not CKD units. Customs department assures no shipment disruption.

Reliance, BP Win Gas Migration Dispute: Court Overturns Arbitration Award

February 16, 2025 16:24

The Delhi High Court has overturned an arbitration award that held Reliance and BP responsible for gas migration from ONGC's fields, a major victory for the companies.

Delhi HC Seeks CBIC Stand on Betel Nut Misclassification

February 15, 2025 18:24

Delhi High Court seeks CBIC's response on a plea alleging misclassification of betel nuts for customs duty, resulting in duty evasion and financial loss to the government.

Vodafone Idea CEO Justifies Shorter Tariff Hikes

February 12, 2025 22:20

Vodafone Idea CEO Akshaya Moondra says shorter time gap between tariff hikes is justified due to low return on capital in the Indian telecom sector. He also expresses optimism about a solution for...

Bombay HC Allows Adani to Cut Mangroves for Power Line

February 11, 2025 15:28

Bombay High Court permits Adani group to cut 209 mangroves for a high-voltage transmission line project deemed crucial for Mumbai's electricity supply.

NCLT Revokes Logix Infra Insolvency, Cites Fraud

February 9, 2025 11:53

NCLT has revoked insolvency proceedings against Logix Infrastructure, citing fraudulent intentions and a collusive petition by the financial creditor. The tribunal found a nexus between the...

NCLAT Directs NCLT to Decide on BCCI-Byju's Settlement

February 8, 2025 14:15

NCLAT has ordered NCLT to decide on BCCI's settlement with Byju's within a week. The decision comes after a dispute over the Committee of Creditors (CoC) and the reinstatement of Glas Trust and...

Byju's RP Suspended, NCLAT Appeal Filed

February 6, 2025 22:01

Former Resolution Professional of Byju's challenges disciplinary action by NCLT. Ex-promoters also appeal against NCLT order on creditor committee.

Live-Streamed Court Videos Not Evidence: Gujarat HC

February 6, 2025 20:56

Gujarat High Court rules live-streamed court proceedings cannot be used as evidence and recommends removing videos from YouTube after a specific period. The court dismissed a contempt petition...

Skoda Volkswagen Challenges $1.4 Billion Tax Notice in Bombay HC

February 5, 2025 13:31

Skoda Auto Volkswagen India challenges a USD 1.4 billion tax demand by Indian customs authorities. The Bombay High Court will hear the plea on February 17. The company is accused of misleading...

CGST Law Amendment Hits Realty: Experts

February 1, 2025 17:53

A retrospective amendment to the CGST law concerning 'plant or machinery' could negatively impact real estate companies seeking input tax credit, experts warn. This amendment may overturn the...

Busy Bee Airways to Acquire Go First, NCLAT Hearing

January 31, 2025 18:44

Busy Bee Airways aims to acquire Go First as a going concern and will reach out to lenders. NCLAT hears petitions challenging Go First's liquidation.

Bajaj Auto Hit With Rs 10 Cr GST Penalty

January 31, 2025 12:12

Bajaj Auto faces a Rs 10 crore GST penalty for classifying instruments cluster incorrectly. The company plans to legally challenge the order, claiming it lacks merit.

NCLAT Overturns Valuation Order in Educomp Case

January 27, 2025 16:46

The NCLAT has set aside the order for a fresh valuation of shares held by Educomp Solutions's subsidiary in a US firm, ruling that the NCLT lacked jurisdiction.

Sri Lanka Reviews Adani Wind Power Projects

January 25, 2025 19:15

Sri Lanka has appointed a committee to review Adani Green Energy wind power projects in Mannar and Pooneryn, but no decision to cancel has been made. The government seeks to revise pricing and...

PC Jeweller Settles Sebi Case for Rs 7.23 Crore

January 24, 2025 18:37

PC Jeweller Ltd has settled a Sebi case related to non-disclosure of loan default information, paying Rs 7.23 crore. The case involved allegations of failing to disclose or delaying information...

NRAI to Challenge Zomato, Swiggy 'Private Labelling' in CCI

January 23, 2025 13:02

The National Restaurant Association of India (NRAI) plans to file a complaint with the Competition Commission of India (CCI) against Zomato and Swiggy's 'private labelling' practices and foray into...

Lodha Brothers Battle: Abhishek Sues Over Brand Name Use

January 20, 2025 22:27

Abhishek Lodha of Macrotech Developers has filed a lawsuit against his brother Abhinandan, alleging the use of 'Lodha' in his real estate ventures. The dispute involves brand rights and a previous...

NCLAT Restores IFIN's Rs 593 Cr Claim in Attivo

January 17, 2025 11:16

NCLAT has restored IFIN's Rs 593 crore claim in Attivo Economic Zones, overturning the IRP's rejection and restoring IFIN's voting rights in the CoC.

HERC Seeks Action Plans from Haryana Power Utilities

January 16, 2025 19:56

Haryana Electricity Regulatory Commission (HERC) reviews power utilities' ARR petitions, seeks action plans to reduce losses, enhance transparency, and improve consumer services.

NCLAT Admits Meta, WhatsApp CCI Penalty Appeal

January 16, 2025 12:53

The NCLAT has admitted appeals from Meta and WhatsApp against a Rs 213.14 crore CCI penalty for abuse of dominance related to WhatsApp's privacy policy update.

NDTV Loan Case Closed: Complainant Satisfied with CBI Probe

January 15, 2025 18:19

The complainant in the NDTV loan case has accepted the CBI's closure report, expressing satisfaction with the investigation which found no irregularities in the transactions between ICICI Bank and...

Goyal Assures Garlic Traders On Illegal Imports

January 11, 2025 17:29

Commerce Minister Piyush Goyal has assured garlic traders that the government will look into concerns over illegal imports of Chinese garlic, impacting farmers and traders.

Meta Appeals CCI Penalty: NCLAT Hearing on Jan 16

January 6, 2025 14:30

Meta Platforms Inc challenges the CCI's Rs 213.14 crore penalty for abusing its dominant position. The NCLAT will hear the plea on January 16.

EPFO Can Initiate Assessment During Liquidation: NCLAT

January 3, 2025 20:50

The NCLAT has ruled that EPFO can initiate assessment proceedings during liquidation of a company under IBC. This clarifies the scope of moratorium provisions under the IBC.

HERC Focuses on Affordable Electricity & Consumer Interests

January 1, 2025 18:48

HERC Chairperson Nand Lal Sharma emphasizes the need for improvements in the power sector, prioritizing consumer interests and ensuring affordable, quality electricity.

CCI Seeks More Info on Quick Commerce Complaint

December 31, 2024 17:44

The Competition Commission of India (CCI) is seeking more information from a complainant alleging anti-competitive practices by quick commerce companies like Blinkit, Zepto, and Swiggy's Instamart.

India Probes Vietnamese Chemical Imports: Countervailing Duty

December 30, 2024 14:43

India investigates increased imports of Calcium Carbonate Filler Masterbatch from Vietnam, aiming to protect domestic manufacturers from subsidized imports.

Hero Electric Faces Insolvency: NCLT Admits Plea

December 27, 2024 17:15

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Hero Electric after admitting a plea by Metro Tyres over unpaid dues of Rs 1.85 crore.

Madhya Pradesh HC Stays Religare AGM Amid Burman Family Tussle

December 26, 2024 19:42

Madhya Pradesh High Court has stayed the Dec 31 AGM of Religare Enterprises Ltd, amidst a dispute between Chairperson Rashmi Saluja and the Burman family over an open offer.

HC Upholds Adani Group Tender for Dharavi Redevelopment

December 20, 2024 11:33

Bombay High Court dismisses petition challenging Adani Group's winning bid for Dharavi slum redevelopment project in Mumbai.

Biden Admin Eases H-1B Visa Rules: Good News for Tech Workers?

December 18, 2024 09:34

The Biden administration has made it easier for US companies to hire foreign workers with H-1B visas, potentially benefiting thousands of Indian tech professionals. Learn about the changes and...

Haryana Electricity Tariff Public Hearing: January 15, 2025

December 17, 2024 21:53

Haryana Electricity Regulatory Commission (HERC) announces a public hearing on January 15, 2025 to discuss new electricity tariffs and projected revenue requirements for power companies....

HC Dismisses Plea Against Adani Power Contract

December 16, 2024 14:18

Bombay High Court dismissed a petition challenging a contract awarded to Adani Group for power supply, calling the allegations unsubstantiated and imposing a cost on the petitioner.

NCLAT Upholds Sale of Golden Jubilee Hotels, Rejects EIH Plea

December 15, 2024 13:32

The NCLAT upheld the sale of Golden Jubilee Hotels to a Singapore-based entity, rejecting EIH's plea against the NCLT order. The tribunal found EIH ineligible under IBC's Section 29A.

Sri Lanka Approves Adani Colombo Port Project, Rejects Wind Farm

December 13, 2024 13:17

Sri Lanka's ports minister confirms support for Adani's Colombo Port project, funded by the company. However, the government opposes Adani's wind farm project in Mannar due to environmental concerns.

PC Jeweller Settles Debt with Share Issue to Lenders

December 12, 2024 14:33

PC Jeweller approves issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to settle part of its outstanding debt.

NCLAT Rejects Aakash AoA Amendment, Sends Case Back to NCLT

December 7, 2024 17:16

The NCLAT has declined to lift the stay on the NCLT order barring the amendment of Aakash Educational Services' Articles of Association, sending the case back to NCLT.

NCLAT Upholds Jaiprakash Associates Insolvency Proceedings

December 6, 2024 16:48

The National Company Law Appellate Tribunal (NCLAT) has rejected Jaiprakash Associates Ltd's plea challenging insolvency proceedings initiated against the company. The decision upholds the NCLT's...

Oceanic Foods Settles Sebi Case for Rs 12.22 Lakh

November 27, 2024 21:08

Oceanic Foods has paid Rs 12.22 lakh to settle a case with Sebi related to alleged disclosure lapses. The company was accused of violating Sebi's LODR regulations.

NCLAT Dismisses Amazon Wholesale Insolvency Plea

November 26, 2024 20:09

The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition seeking insolvency proceedings against Amazon Wholesale (India), upholding an NCLT ruling.

CESC Subsidiary to Acquire Chandigarh Power Distribution for Rs 871cr

November 23, 2024 13:51

CESC subsidiary, Eminent Electricity Distribution Ltd, has received the LOI for acquiring Chandigarh power distribution after a 3-year delay. The Rs 871 crore deal is expected to be completed...

NCLAT Limits Raheja Insolvency to One Project

November 22, 2024 10:27

NCLAT confines insolvency proceedings against Raheja Developers to ''Raheja Shilas'' project, but seeks report on other projects. Flat buyers seek insolvency for all projects.

Raheja Developers Challenges Insolvency Over Shilas Project

November 20, 2024 13:49

Raheja Developers has appealed to the NCLAT against the initiation of insolvency proceedings over delays in its Gurugram-based Shilas project, citing force majeure and the project's complexity.

Raheja Developers Faces Insolvency Over Gurgaon Project Delay

November 19, 2024 20:27

The National Company Law Tribunal has ordered insolvency proceedings against Raheja Developers for delays in its Shilas project in Gurgaon, following a petition by flat allottees.

SpiceJet Faces More Insolvency Petitions, NCLT Issues Notices

November 18, 2024 19:01

SpiceJet faces two new insolvency petitions from Sabarmati Aviation and JetAir 17. NCLT issues notices to SpiceJet over the pleas, seeking further information.

Jaypee Infratech Posts Rs 88.2 Cr Profit in Q2 - Suraksha Group Takes Control

November 15, 2024 15:28

Jaypee Infratech reports Rs 88.2 crore profit in Q2, a turnaround after years of losses. Suraksha Group, which took control of the company in June, is working to complete stalled housing projects.

Zomato, Swiggy Found Violating Competition Norms: CCI Probe

November 9, 2024 15:43

A CCI probe has found that food delivery platforms Zomato and Swiggy engaged in unfair business practices, including preferential treatment of certain restaurant partners.

Jet Airways Liquidated: End of an Era

November 7, 2024 18:42

Jet Airways, once a leading Indian airline, has been liquidated by the Supreme Court after years of financial troubles. The decision marks the end of an era for the airline and leaves thousands of...

NCLAT Rules IBC Prevails Over TRAI Act in RCom Case

November 7, 2024 12:02

The National Company Law Appellate Tribunal (NCLAT) has dismissed petitions by TRAI in the RCom insolvency case, stating that the IBC overrides the TRAI Act.

Star Health Data Leak: Telegram Accuses Company of Diversionary Tactics

October 30, 2024 22:14

Telegram accuses Star Health of focusing on data leak distribution instead of addressing security vulnerabilities after over 3.1 crore customer data was leaked.

FSSAI More Proactive & Industry-Centred: Nestle

October 27, 2024 14:11

Nestle India Chairman highlights FSSAI's evolution towards proactiveness and industry focus, citing Maggi crisis and recent developments.

NCLAT Upholds CCI Order: Travel Agents Association Plea Rejected

October 25, 2024 20:03

The National Company Law Appellate Tribunal (NCLAT) has upheld the Competition Commission of India (CCI) order rejecting a plea by the Travel Agents Association of India (TAAI) alleging...

SEBI Notice to Adani Energy Over Shareholding Categorization

October 22, 2024 20:09

Adani Energy Solutions Ltd. received a SEBI notice alleging wrongful categorization of shareholding. The company will respond with relevant information. SEBI is probing Adani Group for alleged...

NCLAT Upholds Govt Takeover of Delhi Gymkhana Club

October 21, 2024 18:17

NCLAT upholds order allowing the central government to take over management of Delhi Gymkhana Club due to alleged mismanagement. The order directs the government to implement remedial measures and...

Cyber Fraud Warning: Never Transfer Money on Phone Calls - SP Oswal

October 21, 2024 17:04

SP Oswal, victim of a Rs 7 crore cyber fraud, warns against transferring money on phone calls. Learn how cybercriminals operate and protect yourself from falling prey.

TAFE Wins Interim Injunction in Massey Ferguson Trademark Suit

October 18, 2024 13:57

TAFE secures interim injunction from Madras High Court in its trademark ownership suit against AGCO Corporation for the Massey Ferguson brand in India.

Ashneer Grover Drops BharatPe Lawsuit: Settlement Reached

October 18, 2024 12:35

Ashneer Grover, former BharatPe MD, has withdrawn his plea alleging mismanagement against the fintech company. A settlement agreement reached in September led to the withdrawal of the case.

NCLAT Closes JHL Insolvency After Max Healthcare Settlement

October 18, 2024 11:44

The National Company Law Appellate Tribunal (NCLAT) has closed insolvency proceedings against Jaypee Healthcare after Max Healthcare settled creditor claims. Max Healthcare acquired a 64% stake in...

Vivad Se Vishwas Scheme: I-T Dept Issues Guidance Note

October 15, 2024 21:39

The Income Tax Department has issued a guidance note on the Vivad Se Vishwas scheme, addressing eligibility, tax payments, and deadlines for dispute resolution. Learn more.

Central Bank of India Acquires Stakes in Future Generali

October 15, 2024 19:26

The Competition Commission of India has approved Central Bank of India's acquisition of stakes in Future Generali India Insurance and Future Generali India Life Insurance. This acquisition is part...

DVC Acquires Hiranmaye Energy for Rs 1,500cr

October 15, 2024 18:44

Damodar Valley Corporation (DVC) has acquired Hiranmaye Energy for Rs 1,500cr, adding 300 MW to its capacity. This acquisition marks DVC's first foray into the power sector through acquisition.

Syska LED Lights Faces Insolvency Proceedings: NCLT Orders CIRP

October 9, 2024 12:00

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Syska LED Lights after an operational creditor, Sunstar Industries, claimed unpaid dues of Rs 7.70 crore. The...

Vodafone Idea Seeks Spectrum Payment Waiver, Engaged with DoT

October 8, 2024 18:54

Vodafone Idea is in talks with the Department of Telecom for a waiver on the bank guarantee for spectrum payments due next year, citing recent auction rules.

Sanjeev Sanyal Appointed Chancellor of Gokhale Institute

October 6, 2024 17:37

Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister, has been appointed as the new Chancellor of Gokhale Institute of Politics and Economics (GIPE), Pune. This follows the...

SC Upholds States'' Power to Tax Mineral Rights

October 4, 2024 18:50

The Supreme Court dismissed pleas seeking review of its verdict that ruled states have the power to tax mineral rights. Justice Nagarathna dissented, holding that only the Centre can levy the tax.

NCLT Needs More Manpower Amid IBC Case Delays

October 1, 2024 21:33

The National Company Law Tribunal (NCLT) President calls for more manpower to address delays in insolvency cases under the IBC, emphasizing the need for a second generation of reforms.

Reliance Infra Wins Rs 780 Cr Arbitration Case - Damodar Valley Corp

September 29, 2024 14:34

Reliance Infrastructure wins Rs 780 crore arbitration award against Damodar Valley Corporation (DVC) in a dispute over a thermal power plant project in West Bengal.

NCLAT Maintains Status Quo on Vadilal Enterprises Boards

September 24, 2024 20:00

The NCLAT has directed Vadilal Enterprises and Vadilal International to maintain the status quo of their board structures until further orders. The decision comes amid a dispute within the Vadilal...

Telcos Raise AGR, OTP App Concerns with Scindia

September 24, 2024 19:19

Telecom operators met with Union Minister Jyotiraditya Scindia to discuss concerns over AGR payments and Trai's exclusion of messaging apps like WhatsApp and Telegram from new licensing rules.

SpiceJet Faces New Insolvency Plea: NCLT Issues Notice

September 23, 2024 14:33

SpiceJet faces another insolvency plea from an operational creditor, Techjockey Infotech Pvt Ltd, over unpaid software services. NCLT issues notice, next hearing on November 14.

NCLAT Rejects Liberty Shoes' Former CEO's Plea

September 22, 2024 16:55

NCLAT dismissed Adesh Kumar Gupta's petition seeking exemption from shareholding norms to sue Liberty Shoes for oppression and mismanagement. The tribunal upheld the NCLT's decision, stating...

Zee-Sony Merger: Axis Finance, IDBI Withdraw Petitions

September 22, 2024 13:48

Axis Finance, IDBI Bank, and IDBI Trusteeship withdraw their petitions against the Zee Entertainment-Sony Pictures Networks India merger at NCLAT following NCLT's recall of the approval order.

Vivad Se Vishwas 2.0: Lower Tax Settlement by Dec 31

September 21, 2024 15:30

India's Income Tax Department launches Vivad Se Vishwas 2.0, offering reduced settlement amounts for tax disputes resolved by December 31, 2024. Learn more about the scheme and its benefits.

NCLAT Rejects Tax Claim Against RCom After Insolvency

September 21, 2024 13:43

The National Company Law Appellate Tribunal (NCLAT) has rejected a tax claim filed by the state tax department against Reliance Communications (RCom), observing that the assessment was made after...

Star Health Data Leak: 3.1 Cr Customers Affected

September 20, 2024 21:08

A cyber security researcher claims a Star Health Insurance official sold personal data of over 3.1 crore customers, including mobile numbers, addresses, and medical conditions. The company has...

NCLT Rejects Philips India Buyout Bid: Valuation Gap Too Wide

September 20, 2024 17:15

The National Company Law Tribunal dismissed Philips India's plea to buy out minority shareholders due to a massive valuation difference between the company's appointed valuer and minority investors.

Vivad Se Vishwas 2.0: Govt Notifies Oct 1 Start Date

September 20, 2024 12:32

The government has notified October 1 as the start date for the Vivad Se Vishwas 2.0 scheme, which aims to resolve income tax disputes. The scheme offers a chance for taxpayers to settle pending...

Vodafone Idea, Indus Towers Shares Plunge After Supreme Court Ruling

September 19, 2024 17:10

Vodafone Idea and Indus Towers shares tumbled after the Supreme Court dismissed their pleas seeking correction of alleged errors in the adjusted gross revenue (AGR) calculation.

I-T Dept. Raises Appeal Threshold for Tax Disputes

September 18, 2024 12:58

India's income tax department has increased the minimum threshold for filing appeals in tribunals, high courts, and the Supreme Court, aiming to reduce unnecessary litigation and expedite tax...

Online Gaming Compliance: Inter-dept Panel Proposed

September 15, 2024 17:00

India proposes an inter-departmental committee to combat online gaming platform proliferation and ensure regulatory compliance. The DGGI report highlights concerns over tax evasion, money...

NCLAT Orders IndusInd to Respond on Reliance Capital Interest Plea

September 13, 2024 14:20

The NCLAT has directed IndusInd International Holdings Ltd to respond to a plea filed by Reliance Capital lenders seeking interest on payment for the extended period.

NCLAT Upholds Finolex AGM Outcome, Ousting Deepak Chhabria

September 3, 2024 20:24

The National Company Law Appellate Tribunal (NCLAT) has upheld the outcome of the AGM of Finolex Cables, where shareholders voted against the reappointment of Deepak Chhabria. This decision follows...

Viacom 18 & Star India Merger Approved by NCLT

August 30, 2024 18:52

The NCLT has approved the merger of Reliance Industries' Viacom 18 Media with Star India, creating India's largest media empire. The merger follows approval from the CCI and sets the stage for a...

LGBTQ+ Bank Accounts: No Restrictions, Says FinMin

August 29, 2024 20:48

India's Finance Ministry clarifies that LGBTQ+ individuals can open joint bank accounts and nominate partners. This follows a Supreme Court order and RBI guidelines.

NSE Files for IPO Approval After NOC from SEBI

August 27, 2024 21:55

National Stock Exchange (NSE) has reapplied for an IPO after seeking a 'no-objection certificate' (NOC) from SEBI, following previous delays due to regulatory issues.

Central Bank Wins Bid for Future's Insurance Stakes

August 21, 2024 17:21

Central Bank of India has emerged as the successful bidder for Future Enterprises Ltd.'s stake in Future Generali India Life Insurance and Future Generali India Insurance.

SKS Power Insolvency: Torrent, Vantage Point Seek Stay on Sarda Bid

August 20, 2024 19:10

Lenders of SKS Power Generation received Rs 1,950 crore from Sarda Energy, the successful bidder. Torrent Power and Vantage Point challenged the NCLT order, seeking a stay on the bid.

Panacea Biotec Faces Rs 5.75 Crore GST Demand

August 20, 2024 14:05

Panacea Biotec received a Rs 5.75 crore GST demand in Mumbai for the sale of its leasehold land and building in Navi Mumbai. The company disputes the demand and plans to appeal.

Torrent Power Challenges Sarda Energy Bid for SKS Power

August 19, 2024 18:22

Torrent Power appeals NCLAT against approval of Sarda Energy's bid for SKS Power Generation, citing discriminatory selection process and higher upfront payment.

Haryana Leads in Electricity Reforms: HERC Chairman

August 18, 2024 13:12

Haryana Electricity Regulatory Commission (HERC) Chairman highlights the state's progress in electricity reforms, emphasizing consumer protection and efficient service delivery.

Karnataka CM Siddaramaiah to Face Prosecution in MUDA Scam

August 17, 2024 18:18

Karnataka Governor grants sanction for prosecution of Chief Minister Siddaramaiah in a land allotment scam. Siddaramaiah and his party have denounced the move, vowing to fight it legally.

P C Jeweller Reports Rs 156 Cr Profit in June Quarter

August 14, 2024 15:16

P C Jeweller Ltd posted a net profit of Rs 156.06 crore in the June quarter, with revenue jumping over 5-fold to Rs 439.78 crore. The company's turnaround quarter saw a significant increase in...

NCLAT Stays Coffee Day Enterprises Insolvency Proceedings

August 14, 2024 13:13

The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which operates Cafe Coffee Day chain, till the next hearing.

NCLT Orders RBI, DIPP to Expedite RCap Resolution Plan

August 12, 2024 15:49

The National Company Law Tribunal (NCLT) has directed the Reserve Bank and Department of Industrial Policy and Promotion to expedite the approval process for Reliance Capital's resolution plan by...

NCLT Orders Insolvency Proceedings Against Coffee Day Enterprises

August 10, 2024 16:08

India's National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day, due to a default of Rs 228.45 crore.

NCLT Orders Hinduja Group to Deposit Rs 2,750 Cr for Reliance Capital

August 8, 2024 17:48

The National Company Law Tribunal directed IndusInd International Holdings (IIHL), part of the Hinduja Group, to deposit Rs 2,750 crore in an escrow account within 48 hours as part of Reliance...

Godfrey Phillips Q1 Profit Down 10.1% to Rs 228.5 Cr

August 7, 2024 19:48

Godfrey Phillips India Ltd's Q1 net profit fell 10.17% to Rs 228.55 crore, despite a 15.7% rise in revenue. The company is exiting its loss-making retail business 24Seven.

Sri Lanka Supreme Court to Hear Adani Wind Power Case

August 2, 2024 17:55

Sri Lanka's Supreme Court will hear five petitions against Adani's wind power project in Mannar on October 14. Environmental groups claim the project threatens biodiversity and migratory birds.

Byju's Wins NCLAT Case, Settles BCCI Dispute

August 2, 2024 16:37

NCLAT approves a Rs 158 crore settlement between Byju's and BCCI, setting aside insolvency proceedings against the edtech giant. The tribunal also dismissed allegations of round-tripping by Byju's...

Karnataka Govt. Urges Governor to Withdraw Show-Cause Notice to CM

August 1, 2024 19:32

Karnataka government strongly urges Governor to withdraw show-cause notice to CM Siddaramaiah over MUDA site allotment 'scam', alleging political motivation and misuse of office.

Byju's Settles BCCI Dues, Denies Round-Tripping

August 1, 2024 19:17

Byju's promoters told NCLAT that Rs 159 crore raised through share sale settled BCCI dues, denying round-tripping allegations. NCLAT continues hearing the case.

Byju's Settlement Deferred: NCLAT Probes 'Round-Tripping' Allegations

July 31, 2024 18:09

NCLAT defers decision on Byju's-BCCI settlement after US creditor alleges 'round-tripping' by Byju's founder. The tribunal seeks clarification on the source of funds.

BCCI, Byju's in Settlement Talks: NCLAT Adjourns Case

July 30, 2024 15:01

The BCCI and Byju's are in talks to settle a Rs 158.9 crore debt dispute. The NCLAT adjourned the case to Wednesday, hinting at a possible resolution.

Byju Raveendran's Byju Insolvency Plea Adjourned at NCLAT

July 29, 2024 12:09

Byju Raveendran's plea against insolvency proceedings of Byju's (Think & Learn) was adjourned at NCLAT as a judge recused himself. The matter will now be heard by a different bench.

Karnataka HC Orders CBI Probe in Valmiki Scam

July 23, 2024 19:37

The Karnataka High Court has ordered the state government to transfer the Valmiki scam investigation to the CBI, following a petition by Union Bank of India. The case involves alleged financial...

Supertech Township Projects Faces Insolvency Over Rs 216 Crore Debt

July 22, 2024 17:55

The National Company Law Tribunal has ordered insolvency proceedings against Supertech Township Projects over a Rs 216.92 crore default by Punjab & Sind Bank. This is the third Supertech group firm...

Byju's Appeals NCLT Insolvency Order: Urgent Hearing Sought

July 18, 2024 17:30

Byju's challenges the NCLT order allowing BCCI's insolvency petition, seeking an urgent hearing. The edtech firm faces Rs 158.9 crore dues to the cricket board.

GVK Power Faces Insolvency: Loan Default Leads to NCLT Proceedings

July 16, 2024 19:01

GVK Power and Infrastructure Ltd faces insolvency proceedings after failing to repay loans to lenders, including ICICI Bank. The NCLT has appointed an interim resolution professional to manage the...

PC Jeweller to Raise Rs 2,705 Cr via Warrants

July 14, 2024 13:32

PC Jeweller plans to raise Rs 2,705 crore through warrants to settle bank loans and boost working capital. Promoters will contribute Rs 850 crore, with the rest coming from investors.

Simbhaoli Sugars Faces Insolvency: NCLT Orders Proceedings

July 12, 2024 19:49

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Simbhaoli Sugars Ltd, a leading sugar company, on a petition filed by a former lender.

PC Jewellers Secures PNB Approval for Debt Settlement

July 7, 2024 20:59

PC Jewellers has received approval from Punjab National Bank for a one-time settlement of its outstanding dues, including cash and equity components. This follows the company's efforts to...

Multiplier Brand Solutions Appeals Amazon Wholesale Case at NCLAT

July 4, 2024 20:03

Multiplier Brand Solutions challenges NCLT's dismissal of its insolvency plea against Amazon Wholesale (India) at the National Company Law Appellate Tribunal (NCLAT). The case involves alleged...

Jaiprakash Associates Insolvency: Lenders Reject OTS Proposal

July 3, 2024 16:26

Lenders of Jaiprakash Associates Ltd (JAL) have rejected the modified one-time settlement proposal submitted by the debt-ridden group. The NCLAT will now proceed with the insolvency proceedings.

IFFCO Withdraws NCLT Plea in Triumph Offshore Case

June 29, 2024 17:16

IFFCO has withdrawn its plea in the NCLT that restrained Triumph Offshore from issuing shares to lenders after selling its 49% stake to Swan Energy.

Sembcorp Sues Siemens Gamesa Over India Business Sale

June 26, 2024 15:19

Sembcorp has filed a suit in Bengaluru to prevent Siemens Gamesa from selling its India business before settling an arbitration dispute stemming from a wind power project contract.

Jaiprakash Associates Insolvency: Lenders Doubt Settlement

June 24, 2024 22:20

Lenders raise concerns over Jaiprakash Associates' one-time settlement proposal, citing lack of conviction. NCLAT directs lenders to consider the proposal by July 3.

Sri Lanka Adani Wind Power Project Faces Legal Challenge

June 19, 2024 14:17

Sri Lanka's Supreme Court has asked the government and Adani Group to respond to environmental concerns regarding a wind power project in Mannar and Pooneryn.

NCLAT directs NCLT to hear afresh insolvency plea by APL Apollo Tubes

June 17, 2024 19:13

The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to rehear the insolvency plea filed by APL Apollo Tubes against a purchaser of its goods. The NCLAT criticized the NCLT for...

NCLT orders insolvency proceeding against Supernova project developer Supertech Realtors

June 15, 2024 18:21

NCLT orders insolvency proceedings against Supertech Realtors for its Supernova project due to a Rs 168.04 crore default to Bank of Maharashtra. The project, a 80-floor building, is facing...

Protect Documented Dreamers: Urgent Call to Biden Admin

June 14, 2024 10:27

Lawmakers urge Biden admin to protect Documented Dreamers facing self-deportation after aging out of temporary visa status. The campaign targets over 250,000 individuals, many of whom are Indian.

NCLT Halts Byju's Rights Issue, Seeks Shareholder Details

June 13, 2024 22:25

The National Company Law Tribunal (NCLT) has restrained Byju's from proceeding with its ongoing rights issue, seeking details of shareholders before and after the allotment of equities. The move...

KITU Protests IT Sector Labor Exemption

June 13, 2024 21:53

Karnataka IT/ITeS Employees Union (KITU) protests the government's decision to extend the exemption from the Industrial Employment (Standing Orders) Act 1946 for IT sector for another 5 years.

SpiceJet Faces Insolvency Plea: NCLT Hearing on Aug 2

June 13, 2024 21:24

SpiceJet faces insolvency proceedings as engine lessor Engine Lease Finance files a plea with NCLT, claiming USD 12 million in unpaid dues. The case is scheduled for hearing on August 2.

Zero Liability for Unauthorized Bank Transactions: Bombay HC Ruling

June 13, 2024 20:13

Bombay High Court rules customers have zero liability for unauthorized transactions due to third-party breaches, ordering Bank of Baroda to refund Rs 76 lakh.

Jaypee Infratech Delists Shares, Appoints New CFO

June 13, 2024 10:42

Jaypee Infratech, now under Suraksha Group control, appoints new CFO and will delist shares. Suraksha Group will infuse Rs 125 crore to complete unfinished projects.

Suraksha Group Invests Rs 125 Cr in Jaypee Infratech

June 12, 2024 10:50

Suraksha Group has infused Rs 125 crore in Jaypee Infratech, acquired through insolvency, to complete 20,000 unfinished flats in Delhi NCR and settle bank dues.

Jaiprakash Associates Insolvency: NCLAT Orders ICICI to Consider OTS

June 11, 2024 15:13

NCLAT orders ICICI Bank to consider Jaiprakash Associates' one-time settlement proposal, setting a June 24 deadline. The debt-ridden company seeks to pay off its debt within 18 weeks.

Stock Market Crash: SC Plea Seeks Report on June 4 Fall

June 9, 2024 16:23

A plea filed in the Supreme Court seeks a report from the Centre and SEBI on the stock market crash on June 4, when investors lost billions of rupees.

Suraksha Group Takes Over Jaypee Infratech: Relief for Homebuyers

June 5, 2024 13:21

Suraksha Group has taken over Jaypee Infratech, bringing relief to over 20,000 homebuyers. The group will infuse Rs 125 crore to start construction of stalled projects.

NCLT Initiates Insolvency Against Jaiprakash Associates

June 3, 2024 18:48

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Jaiprakash Associates Ltd, admitting a plea filed by ICICI Bank. The move comes after JAL, the flagship firm of...

NCLAT Reopens Eagle Fashions Bid for Sumeet Industries

May 31, 2024 19:11

The National Company Law Appellate Tribunal (NCLAT) has asked NCLT to reconsider Eagle Fashions'' bid for debt-ridden Sumeet Industries, setting aside an earlier rejection.

SpiceJet Faces Insolvency Plea by Engine Lease Finance

May 29, 2024 19:13

Engine Lease Finance has filed an insolvency petition against SpiceJet in the NCLT over USD 12 million in unpaid lease payments for eight engines. This follows a previous dispute and settlement...

NCLAT Upholds Adani Goodhomes Bid for Radius Estate

May 28, 2024 16:53

NCLAT has upheld Adani Goodhomes' resolution plan for Radius Estate, giving creditors a 93% haircut. The plan was opposed by dissenting financial creditors, but the tribunal said it was 'commercial...

SpiceJet Rejects Kalanithi Maran's Rs 1,323 Crore Damage Claim

May 28, 2024 12:27

SpiceJet has rejected claims by Kalanithi Maran and KAL Airways seeking over Rs 1,323 crore in damages, calling them baseless and legally untenable. The airline says the claims were previously...

KAL Airways to Seek Rs 1,323 cr from SpiceJet

May 27, 2024 14:24

KAL Airways and Kalanithi Maran will seek over Rs 1,323 crore in damages from SpiceJet and Ajay Singh, challenging a Delhi High Court ruling in their ongoing dispute.

NCLAT Defers Google Play Store Billing Hearing to July 5

May 24, 2024 16:40

The NCLAT has deferred the hearing on petitions against Google's Play Store billing policy to July 5. Indian app developers challenged CCI's decision not to grant interim relief against the policy.

SpiceJet to Seek Rs 450 Crore Refund from Kalanithi Maran

May 22, 2024 13:17

SpiceJet will seek a refund of Rs 450 crore from Kalanithi Maran and KAL Airways after a Delhi High Court ruling overturned an arbitral award.

United Spirits Nanded Unit Water Supply Cut Over Rs 345.45 Cr Bill

May 21, 2024 20:04

United Spirits Ltd faces water supply stoppage at its Nanded unit due to Rs 345.45 crore bill arrears. The company has challenged the higher tariff levied by the Maharashtra government.

Delhi HC Refuses Airfare Capping: Auto Rickshaw Fare Higher

May 15, 2024 19:02

Delhi High Court refuses to cap airfares, citing competition and losses in the airline industry. The court observed that auto rickshaw fares are higher than airfares.

NCLAT Orders Google, CCI to Respond on Play Store Billing

May 10, 2024 22:16

NCLAT has directed Google and CCI to respond to petitions challenging the Play Store billing policy, which app developers argue is anti-competitive.

Company Name
Price
Volume

Vodafone Idea L
7.07 (+ 5.37)
65169696

Quasar India Ltd.
0.90 (+ 3.45)
48641740

KBC Global
0.37 ( 0.00)
39296623

Standard Capital
0.40 ( 0.00)
37430693

YES Bank Ltd.
20.40 (+ 2.00)
36701123

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