Tag: NCLT

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...

Meridien to MGM

An iconic hotel to turn into a multi-speciality hospital HAIRCUTS & TONSURES   Guindy seems to be twice blessed: With plans to set up a multi-speciality government...

NCLT nods for revival of Jet Airways

Not haircuts, near tonsures.. With the latest resolution announced on Jet airways with a payout of Rs 1200 crore over 10 odd years to square...

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No longer required to pay State levies: Dalmia Bharat

The Act notified by the Central Government as amended...

Grounding of Parandur plan: Will it hurt TN dream?

The proposed second airport project at Parandur was announced...

FM Sitharaman to visit Canada, US

During her visit to Toronto, Canada,  Sitharaman will participate in...

UPI completes 10 years

Annual transaction volume expanded from just 1.78 crore transactions...

TCS lands major deal from Porsche

The acquisition will strengthen TCS’ presence in the German...