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Oct 30, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
The bankruptcy court has rejected Brihanmumbai Electric Supply and Transport ( BEST ) Undertaking’s application to direct the liquidator of Spark Green Energy (Satara) Ltd to categorise it as a secured financial creditor and also admit its claim of Rs 156 crore.The city-based public utility undertaking had approached the Mumbai bench of the National Company Law Tribunal ( NCLT ) after the liquidator of Spark Green Energy (Satara) rejected the company’s claim to admit the amount.“The...
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Oct 29, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
The Mumbai bench of the National Company Law Tribunal ( NCLT ) has approved Casper Pharma ’s merger with listed drug maker, Suven Pharmaceuticals In April 2022, Suven Pharmaceuticals acquired Casper Pharma (CPPL) for about Rs 155 crore.
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Oct 28, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
At a time when numerous multinational companies are seeking to enter or expand their presence in India, domestic law firms are establishing practices abroad to support these companies while exploring new opportunities in international markets. Indian law firms are increasingly competing in the global arena for cross-border deals international arbitration , and fundraising.
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Oct 27, 2024 | 
economictimes.indiatimes.com | Kala Vijayraghavan |Maulik Vyas
Mumbai: Tata Trusts is undertaking an internal restructuring exercise to streamline operational and management expenses, said people with knowledge of the matter.As part of the overhaul, the roles of chief financial officer (CFO) and chief operating officer (COO) are being eliminated and reliance on external consultants is being reduced.The cost-cutting move had been initiated much before the appointment of new Trusts chairman Noel Tata , the people said.The decision follows an internal audit...
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Oct 27, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
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Oct 27, 2024 | 
economictimes.indiatimes.com | Kailash Babar |Maulik Vyas
The National Company Law Tribunal ( NCLT ) dismissed a liability claim by JC Flowers ARC Pvt Ltd against Housing Development & Infrastructure Ltd.
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Oct 24, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
AgenciesShapoorji Pallonji GroupMumbai: The bankruptcy court in Mumbai has rejected an insolvency application filed by an operational creditor of Shapoorji Pallonji and Company against the company. The Mumbai bench of National Company Law Tribunal (NCLT) has stated that the Insolvency and Bankruptcy Code (IBC) cannot be used as a recovery mechanism or as a substitute for debt enforcement procedures.
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Oct 24, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
AgenciesDev BajpaiThe country’s largest consumer goods company Hindustan Unilever Ltd (HUL) recently announced the retirement of Dev Bajpai, Executive Director, Legal & Corporate Affairs and Company Secretary, effective December 31st, 2024. Bajpai has been a key member of the HUL Management Committee, the HUL Board of Directors and the South Asia Leadership team.
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Oct 21, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
AgenciesRepresentative ImageIn an emerging trend, from high-profile founder feuds to family business disagreements, swift and discreet settlements are replacing long-winded acrimonious court-room fights, legal experts said. Mumbai: In a significant shift in India Inc's attitude toward disputes, parties are increasingly opting to settle litigations rather than engage in protracted-and public-courtroom battles that grab column inches for all the wrong reasons.
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Oct 21, 2024 | 
economictimes.indiatimes.com | Maulik Vyas
ReutersAnil AmbaniThe Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), which sought to restrain IndusInd International Holdings (IIHL), the successful bidder for Reliance Capital, from using the ‘Reliance’ brand following the implementation of its resolution plan.
