National Company Law Tribunal
Consumer
NCLT admits petition to initiate resolution against Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s petition to initiate...
Infrastructure
Adani completes purchase of stressed Dighi Port, earmarks investments
Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of Dighi Port Ltd for a consideration of ......
TMT
Milkbasket faces legal battle for ‘refusing' to onboard investor after Kalaari exit
Milkbasket faces a legal battle with Mahendra Nahata-led MN Televentures that had invested in the grocery delivery startup last...
Manufacturing
TCG gets court nod to acquire bankrupt textile co
Purnendu Chatterjee led The Chatterjee Group (TCG) has received court approval to acquire a popular debt-ridden textile company...
Finance
Dewan Housing: Why insolvency resolution processes need a greater degree of certainty
In November 2019, after reports of a large-scale financial scam, Dewan Housing Finance Corporation Ltd (DHFL) became the first...
Infrastructure
Ansal Properties raising fresh equity capital after avoiding bankruptcy
North India-based developer Ansal Properties and Infrastructure Ltd (Ansal API) said Friday it has approved a plan to raise Rs...
TMT
Reliance Infratel lenders to take 90% haircut as Jio set to take control
Reliance Infratel Ltd’s financial creditors will take a haircut of as much as 90% on their loans under a court-approved...
Manufacturing
JSW Steel gets NCLT approval to buy Asian Colour Coated Ispat
Billionaire Sajjan Jindal-owned JSW Steel Ltd has received court approval to acquire bankrupt steel company Asian Colour Coated...
Manufacturing
JM Financial ARC's wait to recover money from bankrupt textile firm gets longer
JM Financial Asset Reconstruction Company Ltd will have to wait a little longer to recover its money from a bankrupt ......
General
IL&FS PE-backed floriculture firm heads for liquidation
A bankrupt floriculture company that counts IL&FS Private Equity as an investor and was India’s largest producer of...
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