Search Results for: NCLAT

Reliance Communications denies France waived taxes for Anil Ambani-led company

Reliance Communications rubbished a media report which claimed that taxes to the tune of 143.7 million euro were waived by the French authorities.

Apr 13, 2019

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

1,400 top firms in India hit by IL&FS pandemic; PF, pensions of Rs 9,700 crore at stake

The cascading impact of the default by the IL&FS Group on the financial sector would be quite substantial as evidenced from the partial default of some companies and its repercussions in the financial market in September 2018.

Apr 13, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

RCom insolvency: Ericsson in legal bind as NCLAT hints at lifting stay on case

Appellate company law court observes Ericsson will have to return to RCom Rs 550 crore it got following contempt proceedings in the Supreme Court if the stay on bankruptcy proceedings is lifted.

Apr 9, 2019

Mother Dairy's Rs 190 crore investment in IL&FS goes bad; seeks PM's intervention

The timing of investment is questionable as financial troubles of IL&FS were in the public domain at the time of Mother Dairy's investments.

Apr 5, 2019

Mukesh and Anil Ambani: A storied billionaire sibling rivalry is finally ending?

In one of the quirks of destiny, while the wealth of Mukesh grew exponentially, Anil saw his riches dwindling over the years.

Mar 19, 2019

The rise and fall of Anil Ambani: Here's how things became worse for world's 6th richest person

As per Forbes valuation, the younger son of industrialist Dhirubhai Ambani was listed as the world's sixth richest person in 2008. In just a decade, he is now struggling to save his reputation.

Mar 16, 2019

Standard Chartered, Ruias create hurdle in ArcelorMittal's India expansion

The case has been dragging on for over 580 days as against the stipulated 270 days under the law due to multiple litigations by the former promoters, Standard Chartered bank and some operational creditors.

Mar 12, 2019

ArcelorMittal's Rs 42,000-crore offer for Essar Steel faces more hurdles

Ruias may approach the appellate tribunal pushing the case of their Rs 54,389-crore debt resolution plan that lost to ArcelorMittal's offer

Mar 9, 2019

IL&FS fallout: This is why your life savings could be in danger

Since last year, IL&FS default has sent ripple effects in the economy, affecting NBFCs, real estate and many other sectors

Feb 14, 2019

Hyundai Antirust Violation case: Supreme Court stays Rs 420.26 crore penalty by CCI

The defense argued that in other similar appeals, the apex court had also granted interim relief against the impugned directions.

Nov 17, 2018

Cyrus Mistry launches new global venture on second anniversary of his exit from Tata Sons

Cyrus Mistry launches a new global venture that provides strategic insights and advice to businesses, incubate new ventures and provide seed, early stage and growth capital to startups in India and worldwide.

Oct 24, 2018

taj mansingh hotel delhi ihcl tata group transactions cyrus mistry india ratan tata properties taj mahal hotels taj

Tata Group retains iconic Taj Mansingh hotel in Lutyen's Delhi after NDMC auction

The auction had been pending since the lease expired in 2011.

Sep 29, 2018

NCLT to hear petition against Reliance Naval, Jindal India Thermal

As of March 2018, the total debt owned by the Reliance Naval to its lenders is worth Rs 5349.17 crores.

Sep 7, 2018

Big victory for Cyrus Mistry: NCLAT says Tata Sons can't force him to sell shares

The final judgement on the conversion of the company will be taken by the two-judge NCLAT bench, headed by Justice S.J. Mukhopadhyay, after hearing final arguments next month.

Aug 24, 2018

Cyrus Mistry gets relief in Rs 500 crore defamation case filed by R Venkataramanan

The judge of a Mumbai sessions court observed that the subordinate court had not followed proper procedure of complaint verification as mandated by law. The judge sent back the case to Mumbai magistrate court for a fresh hearing.

Dec 27, 2017

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