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.
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.