Tag: NCLT

Insolvency proceedings against Polycab set aside

National Company Law Tribunal, Ahmedabad Bench, had admitted the insolvency proceedings filed against Polycab via order dated 7 October. The petition was filed by...

The Rs 22,606 Crore Question

This is a proposed recovery under personal insolvency resolution process, not a final settlement of every debt owed to every lender. The plan was...

HEG gets nod for demerger

HEG enters the execution phase of a transformational restructuring that will result in two independently listed companies, each with a distinct strategic mandate, focused...

Insolvency Proceedings against Embassy quashed

Earlier, the National Company Law Tribunal, New Delhi in an order dated 9 December had directed insolvency proceedings against the company. The Corporate Insolvency Resolution...

Renault India to go for business rejig

The proposed realignment is aimed at creating clearer and more focused operating structures. It envisages the powertrain manufacturing activity being organised as a dedicated...

NCLAT rejects IRDAI stand on merger of Shriram insurance arms

This became a bone of contention when various Benches of the National Company Law Tribunal (NCLT) approved the proposals to merge Shriram GI Holdings...

NCLT clears process for merger of TVS Investments with TVS Electronics 

TVSIPL was incorporated on August 31, 2018, as a private limited company under the name Geeyes Family Holdings Private Limited. The name was changed to...

Mighty resolutions, measly recoveries

Banks have got accustomed to swallowing the bitter pill in bad loan cases. With every other IBC resolution popping out of the NCLT, the...

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Temasek-backed Sembcorp Green Infra gets SEBI nod for IPO

The proposed IPO comprises a fresh issue of Equity...

Chennai to Host Plumbing Conference, after 9 years

The conference will bring together water, plumbing, sanitation and...

Bodhi Tree Systems to invest $180 mln in A2B

The investment will help scale A2B nationally and across...

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“October's inflation print was less a surprise than a...

Brazil’s WEG to invest Rs 2,000 crore in Dharmapuri

The company had earlier evaluated multiple states and following...