June 28, 2022 09:30 (IST)
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IL&FS group to clear Rs 55,000 cr debt by March

IL&FS group would clear debt of Rs 55,000 crore by March 2022, the board of the cash-strapped company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT).

Bombay High Court's division bench set Nov 29 for next hearing after Invesco challenges Oct 26 ruling

Mumbai/IBNS: A division bench of Bombay High Court has delayed the next hearing in Zee Entertainment’s dispute against Invesco till November 29 on the issue of calling an Extraordinary General Meeting, according to media reports.

Invesco's demand for EGM illegal; board unable to approve : ZEE tells Bombay HC

Mumbai/IBNS: Zee Entertainment has said its board cannot give permission to hold an Extraordinary General Meeting (EGM), a day after Bombay High Court directed the company to fold the meeting as demanded by Invesco.

Bombay HC orders ZEE to call EGM as demanded by Invesco

Mumbai/IBNS: The Bombay High Court on Thursday ordered Zee Entertainment Enterprises Ltd to convene an extraordinary general meeting (EGM) as requisitioned by shareholders Invesco Developing Market Funds and OFI Global China Fund.

RBI moves NCLT to start insolvency proceedings against SREI group firms

Kolkata/IBNS: The Reserve Bank of India (RBI) has petitioned the National Company Law Tribunal (NCLT) to start insolvency proceedings against SREI group firms, media reports said quoting sources.

Zee should be given 'reasonable' opportunity to reply to Invesco's plea: NCLAT tells NCLT

Mumbai/IBNS: Zee Entertainment Enterprises Ltd (ZEEL) should be given "reasonable and sufficient opportunity" to reply to Invesco's plea seeking convening a meeting of the company's shareholders, the National Company Law Appellate Tribunal on Thursday told the NCLT, media reports said.

NCLAT reinstates Cyrus Mistry as the executive chairman of Tata Sons

New Delhi/IBNS: The National Company Appellate Tribunal(NCLAT) in an order on Wednesday reinstated Cyrus Mistry as the executive chairman of the Tata Sons and declared the appointment of N Chandrasekaran in his place illegal.