The merger, first announced in November 2022, is anticipated to be completed by the end of 2024. Singapore Airlines noted that the completion of the deal is contingent on compliance with Indian laws and other regulatory approvals.
Byju's and BCCI entered into a sponsorship agreement in 2019 through which the Edtech company got exclusive rights to display its trademark on the kit of the Indian cricket team, however, it failed to pay the sponsorship after June 2022.
The grounded airline, which is expected to resume operations this year under its new promoters Murari Lal Jalan-Kalrock consortium, in a regulatory filing clarified that Gaur was not the interim CEO of the company.
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's USD 16-billion acquisition of Flipkart.
The National Company Law Appellate Tribunal on Monday allowed JSW Steel to acquire Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate.
The Ministry of Corporate Affairs (MCA) last month approached the NCLT seeking to reopen the financial statements of CG Power Industrial Solutions for the period raging from financial year 2015-19 on the basis of the company's announcement on the exchange about financial irregularities.
The RP of Jet Airways had moved NCLT on September 20 seeking directions to the lenders, who own 51 percent in the airline since March, to release interim funds.
In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airlines through the NCLT process, members of the consortium said.
NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.
"Due to fire incident in Pt Deen Dayal Antyodaya Bhawan on Wednesday morning, the Court proceedings etc. of NCLAT shall remain suspended till further notice," said a notice on the portal of NCLAT.
IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.
IFC is seeking recovery of USD 30 million defaulted by Punj Lloyd. Earlier in June, ICICI Bank had approached NCLT to recover Rs 830 crore of outstanding loans to the firm.
Debt defaults by certain group entities of diversified IL&FS have triggered fears of liquidity crisis in the financial markets and the RBI has been taking steps to improve the overall cash situation.
World's largest steel manufacturer ArcelorMittal and Russia's VTB Capital-backed Numetal are in a race to acquire debt-ridden Essar Steel.
Days after the National Company Law Appellate Tribunal (NCLAT) held the second round of bids for debt-laden Essar Steel valid, ArcelorMittal India put in a revised offer to the lenders of the company.
The Supreme Court stayed an NCLT order directing a management take-over of the firm by a group of directors appointed by the Centre.
Unitech had moved SC challenging the NCLT's order saying "no coercive steps for execution" can be taken in view of a November 20 order of the top court.
According to ICRA, the list has accounts from diverse sectors and a total exposure of about Rs 1.15 lakh crore.
“We are more concerned with home buyers and not the company or those holding fixed deposits,” the top court said, while fixing the hearing for Tuesday.
The ICBC and Export-Import Bank of China are planning to support China Development Bank's insolvency petition against RCom.
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