The court allowed the writ petition filed by Adani Enterprises that claimed the LRs were issued \"without any notice and hearing the companies\" and \"no cognizance of any offence\" under the Customs Act 1962 has been registered till now by the DRI against the group firms

Bullish on India's growth story particularly after a series of stimulus measures announced by Finance Minister Nirmala Sitaraman, Ruia said the Essar group will start the investment cycle after its deleveraging exercise is completed

Forbes India Rich List 2019: Wipro founder and tech tycoon Azim Premji who gave a substantial portion of his fortune in March this year saw his net worth plunge to $7.2 billion from $21 billion last year.

Intra day, Sensex lost 738 points to 37,929 against previous close of 38,667 and Nifty fell 227 points to 11,247 against previous close of 11447.

New laws such as RERA, IBC and GST have given Pallavi Shroff some of her biggest victories

The NCLT also clarified that the criminal cases against the founders of BPSL for siphoning off funds from the company would not affect JSW Steel as its new promoter

Amid talk about recent amendments in the Insolvency and Bankruptcy Code, what got missed was the fight over authority between the judiciary and the government, an issue on which the latter seems to have prevailed

Once the Corporate Insolvency Resolution Process (CIRP) begins, it has to be completed in 330 days, including litigation stages and judicial process, the minister said citing the proposed amendments

Under the IBC, loan defaulting companies are auctioned and successful bidder, called resolution applicant, takeover such firms after paying off an amount they had bid

As per theexisting provisions of the law, the IBC cases should be resolved within 270days. But there are cases which have not been resolved even two years afterthey were admitted due to appeals and litigation

As World Bank MD and CFO, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President.

While approving ArcelorMittal's Rs 42,000-crore bid for the bankrupt flagship company of the Ruias-led Essar Group, the NCLAT had last Thursday gave operational creditors equal status as the secured lenders