Business  /  Published 15.06.22

Clamour to retain NCLT member

A clutch of senior advocates, lawyers, company secretaries and chartered accountants practising before the Calcutta bench of the National Company Law Tribunal has written to the top functionaries in t...
By Our Special Correspondent in Calcutta

Business  /  Published 01.06.22

McNally lenders claim Rs 5751cr

McNally Bharat Engineering Co Ltd, which is undergoing a corporate insolvency resolution process, has received claims worth Rs 5,750.95 crore from the financial creditors and lenders in the run-up to ...
By Sambit Saha in Calcutta

Business  /  Published 30.05.22

NTC faces insolvency

The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation (NTC) after admitting a plea by one of its operational creditors ...
By PTI in New Delhi

Business  /  Published 23.05.22

Amazon slams FRL directors

Amazon has accused the independent directors of Future Retail Ltd (FRL) of facilitating “fraudulent stratagem” to transfer 835 stores to the Reliance group. The e-commerce giant alleged t...
By Our Bureau in Mumbai

Business  /  Published 18.05.22

NCLT rejects Kanoria plea against audit

The Calcutta bench of the National Company Law Tribunal (NCLT) on Tuesday dismissed a plea filed by Srei founder Hemant Kanoria contesting a forensic audit conducted by KPMG, which had been appointed ...
By A Staff Reporter in Calcutta


News  /  Published 02.05.22

IIM Ahmedabad and IBBI host research conference on insolvency and bankruptcy

The two-day conference included three panel discussions that brought luminaries from government and industry, and legal practitioners and academicians under one roof ...
By Our Correspondent

Business  /  Published 30.04.22

McNally Bharat steered into insolvency process

The two entities pledged the promoter shares in these entities as collateral for the loans. When McNally failed to pay up and the profitability of the tea industry came under pressure, the promoter e...
By Sambit Saha in Calcutta

Business  /  Published 29.04.22

Raids on sellers on Amazon, Flipkart

India’s antitrust body launched raids early on Thursday against two top domestic sellers of online retail giant Inc, and some on Walmart’s Flipkart, following accusations of com...
By Reuters in New Delhi/Mumbai

Business  /  Published 24.04.22

RIL backs out of Future deal

Reliance Industries Ltd (RIL) has pulled the plug on its Rs 24,713 crore-deal with Kishore Biyani’s Future group to acquire its retail business — a prospect that loomed earlier this week a...
By Our Special Correspondent in Mumbai

Business  /  Published 23.04.22

Future lenders vote against Reliance deal

The secured creditors of Future Retail Ltd (FRL) have voted against the group’s plan to sell its retail and other assets to Reliance Retail, putting the Kishore Biyani-company's Rs 24,713-cr...
By Our Special Correspondent in Mumbai


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