January 25, 2022 04:37 (IST)
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Indian youth leading startups both in India, outside: PM Modi | Kerala announces stricter curbs in Thiruvananthapuram, cinemas, gyms shut, gatherings banned | Possible to defeat BJP in 2024 but not with current opposition: Prashant Kishor | NDA announces seat-sharing for Punjab assembly polls | PM Modi to interact with Pradhan Mantri Rashtriya Bal Puraskar awardees tomorrow

Jet Airways revival: Jalan Kalrock Consortium approaches NCLT to expedite capital infusion

New Delhi/IBNS: The Jalan Kalrock Consortium has approached the National Company Law Tribunal (NCLT) to expedite the implementation of the Approved Resolution Plan by infusing capital as the new owners of Jet Airways want to start paying the dues of all stakeholders.

Reliance consortium bids for bankrupt Indian fabric provider to Zara, Armani

Mumbai/IBNS: Reliance Industries Ltd (RIL) in partnership with Asset Care & Reconstruction Enterprise Ltd (ACRE) has submitted expressions of interest (EoI) for the bankrupt textile company Sintex Industries Ltd, as it looks to diversify into fashion.

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.

Jet Airways revival: Jalan Kalrock Consortium to provide detailed response on NCLT approval after written order

Mumabi/IBNS: The resolution plan submitted by the Jalan Kalrock Consortium for the corporate insolvency resolution of financially beleagured Jet Airways that went out of operations in April, 2019 was approved earlier today by the National Company Law Tribunal (NCLT), Mumbai Bench.

NCLT approves Jet Airways revival plan, may resume operations by end of calendar year: Report

New Delhi/IBNS: Debt-laden Jet Airways, which has been out of operations since 2019, may soon hit the skies, following the National Company Law Tribunal's (NCLT) approval of a revival plan submitted by a consortium of London-based Kalrock capital and the UAE-based businessman Murari Lal Jalan, according to a media report.

State Bank of India initiates steps to recover $158 million from Anil Ambani

Mumbai/IBNS: State Bank of India is taking steps to recover the two guarantees furnished by former billionaire Anil Ambani, which according to a news report is worth over $158 million, according to news reports.

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.

NCLT sanctions the transfer of Tata Chemicals’ Urea and customised fertilisers business to Yara Fertilisers

New Delhi, Dec 12 (IBNS): Tata Chemicals has announced that National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Arrangement between Tata Chemicals Limited (TCL) and Yara Fertilisers lndia Private Limited for the transfer of TCL’s urea and customised fertilisers business to Yara by way of a slump sale.