NCLT admits insolvency plea against Lavasa Corporation

Construction firm HCC's real estate firm Lavasa Corporation will face insolvency proceedings with the NCLT today admitting plea of lenders of the debt-ridden realty firm. Lavasa Corporation Ltd is promoted by Hindustan Construction Company.

NCLT approves Idea-Vodafone merger: TV

REUTERS | Aug 30 2018

National Company Law Tribunal (NCLT) has approved the merger of Idea Cellular Ltd and the Indian unit of Vodafone Group Plc, according to television channels.

RBI on board in empower panel meeting on stressed power assets: Minister

PTI | Aug 29 2018

The Reserve Bank has been invited to attend the meeting of the empowered committee for resolution of stressed power assets to be held on August 31, Union minister R K Singh said.

NCLAT admits Mistry's petition against order upholding his removal

PTI | Aug 29 2018

The National Company Law Appellate Tribunal (NCLAT) today admitted a petition moved by outsted Tata Sons Chairman Cyrus P Mistry seeking to set aside an order of a Mumbai-bench of the company law tribunal upholding his removal.

Ruchi Soya's promoters sell over 1 cr shares worth 3.18% stake in open mkt

PTI | Aug 28 2018

Ruchi Soya's promoters have sold 1.06 crore shares, worth 3.18 per cent stake, through open market transactions, the debt-ridden edible oil firm said in a regulatory filing.

Bankers see no material impact on thier provisioning as RBI deadline ends

PTI | Aug 27 2018

State Bank chairman Rajnish Kumar said the deadline will not have any material impact on provisioning as banks are already in the process of resolving these accounts.

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