For now, its advantage Ultratech in the battle for Binani Cement. By getting the ousted promoters and unsecured lenders on its side and putting more money on the table, the Aditya Birla group company has convinced the Kolkata bench of National Company Law Tribunal (NCLT) to give it a second chance. The NCLT on Tuesday…
NEW DELHI: A former Air India pilot has dragged the national carrier to the National Complany Law Tribunal (NCLT) seeking initiation of insolvency proceedings against it, saying the airline has been unable to clear his dues. Captain Subodh Kumar, who served Air India (AI) for 28 years, has sought the settlement of his claims of…
Browne Craine & Co – Craig Mitchell Whenever a business, whether it be here on the Isle of Man or on the adjacent island, hits the headlines for going into liquidation, directors and officers of all types of companies would be well advised to take note. Whatever the size of your company, its liquidation is…
Browne Craine & Co – Craig Mitchell Whenever a business, whether it be here on the Isle of Man or on the adjacent island, hits the headlines for going into liquidation, directors and officers of all types of companies would be well advised to take note. Whatever the size of your company, its liquidation is…
In a slew of decisions, Sebi on Wednesday changed the way Indian companies will do business. From accepting most of the Kotal Panel recommendations to slashing charges for mutual funds schemes, here is the list of all the decisions taken at the Sebi board meet. The Sebi Board met in Mumbai on Wednesday and took…
Mumbai, Mar 28 () Markets regulator Sebi today said it plans to amend norms pertaining to minimum public shareholding and other provisions as well as put in place additional disclosure requirements for listed corporates undergoing insolvency resolution process. After approval from its board today, Sebi has come out with a discussion paper on compliance with…
One of the main issues with the erstwhile Board for Industrial and Financial reconstruction (BIFR) was that the cases were taking ages to be resolved. During its life of 29 years, BIFR has managed to turn around some companies but a significant number of sick companies managed to turn only sicker. The Government dissolved it…
MUMBAI: Markets regulator Sebi today said it plans to amend norms pertaining to minimum public shareholding and other provisions as well as put in place additional disclosure requirements for listed corporates undergoing insolvency resolution process. After approval from its board today, Sebi has come out with a discussion paper on compliance with Sebi Regulations by…
NEW DELHI: The Securities and Exchange Board of India (Sebi) is set to hold its board meeting on Wednesday. The capital markets regulator is likely to discuss a host of issues, including ways to strengthen algo trading, amendments to rules on angel funds, mutual funds, buybacks, and takeovers. Let’s check what could be in store.…
International law firm DWF has appointed litigation partner Ricky Cannon to its debt recovery and finance litigation business in its Glasgow office in Scotland. It has also hired Neale Tosh as an associate in the same team. Both joined from Brodies where they both concentrated in business disputes and asset recovery. Cannon has a particular…