More amendments to the company law are in the offing. These are aimed at shell companies, independent directors and CSR spends.
The plea has been rejected as RHC is an NBFC and cannot be brought under IBC.
The NCLT temporarily restrains nine former senior executives of IL&FS from selling or pledging personal assets and securities.
Sivaraman will report to Vineet Nayyar, vice chairman and managing director of IL&FS Group.
The company had initiated the process of divesting its stake in both the subsidiaries on Nov. 12.
ArcelorMittal may not get their hands on Essar Steel so easily.
How can the IL&FS board minimise risk of litigation for itself and its entities once a legal moratorium on it subsides?
IL&FS’ new board, headed by Uday Kotak, presented its turnaround plan to the NCLT today.
A two-member bench headed by Justice SJ Mukhopadhaya asked Mistry camp to file within two days the changes it seeks in the AoA.
IL&FS, 348 group entities get full immunity! Creditors may not take this lying down.
BQuick | Top news, must-read stories and columns – all served up in less than 10 minutes.
SFIO is gathering information and once hypothesis is ready, a decision would be taken into the aspects that need investigation.
NCLT’s Mumbai bench is hearing the government’s plea against IL&FS and others under Sections 241 and 242 of the Companies Act.
IL&FS faces dismemberment as shareholders meet to thrash out a rescue.
The NCLT gave IL&FS until Oct. 8 to try and settle matters with SIDBI before dealing with insolvency application by the lender.
Numetal tells SC a consortium of banks led by SBI had written to the LN Mittal group to pay the dues of debt-ridden Uttam Galva.
Updates from the Anil Ambani-led Reliance Group’s annual general meetings.
The management of Shriram Transport clarifies on the road ahead for SVL after it has been taken to the NCLT.
The NCLT allowed Shivinder Singh to withdraw his petition against brother Malvinder Singh.
The Supreme Court will hear ArcelorMittal’s plea against the NCLAT’s decision on its bid for Essar Steel on Wednesday.