Whether the ensuing corporate tussle between the Tata Group and the SP Group will see the SC uphold the rights of a shareholder to pledge their shareholding or from being forced out by the majority, remains to be seen

In order to ensure timely completion of IBC, out of court settlement needs to be encouraged, and the NCLT, NCLAT infrastructure needs to be strengthened

Era Infra sees no immediate closure even after three years, as litigation and procedural delays slow down the insolvency process

The two groups (SP Group and Tata Group) are valuing Tata Sons' shares on four paramaters- value of unlisted companies, value of listed entities, brand value, and debt

Tata Sons Chairman N. Chandrasekaran is leading the fundraising talks with prospective investors, the fruition of which will ascertain if the acrimonious dispute between the Tata Group and Mistry family ends

Supreme Court says Delhi High Court can take up issue on October 6 and state-owned lender can also seek removal or modification of stay order

State Bank of India had invoked personal guarantee against Anil Ambani in January 2018 and issued a notice to him. The lender had provided credit facilities of Rs 565 crore and Rs 635 crore to RCom and RITL

Construction and real estate sector, the mainstay of the SP Group, has been significantly impacted by the COVID-19 pandemic, leading to fundraising

IL&FS had requested the Mumbai-bench of the National Company Law Tribunal (NCLT) to take on record its proposal to initiate the bankruptcy proceedings before the Dubai Courts under UAE Federal Decree

The observations from a two-member NCLAT bench came as it upheld an order of the National Company Law Tribunal

Court asks Ambani not to dispose of or transfer any of his assets; says insolvency against him should continue as before and that liabilities as personal guarantor can also be examined during resolution process

A draft paper released by the Insolvency and Bankruptcy Board of India (IBBI) has proposed that those assets which are not easily converted into cash during the liquidation process must be distributed among creditors, and the liquidation process closed

Anil Ambani will approach National Company Law Appellate Tribunal (NCLAT) against an order by the Mumbai bench of National Company Law Tribunal (NCLT) allowing bankruptcy proceedings against him; The Appointments Committee of the Cabinet has approved the appointment of Ashwani Bhatia as the new Managing Director of State Bank of India; Flipkart has tied up with Nepal's leading e-commerce company Sastodeal to enable cross-border trade. Watch this and more on News Blast.Also Read: Supreme Court puts onus of AGR dues of ailing telcos on spectrum users

Ashwani Bhatia appointed as SBI Managing DirectorThe Appointments Committee of the Cabinet has apprived the appointment of Ashwani Bhatia as the new Managing Director of State Bank of India. He currently is the Deputy Managing Director of the state-run lender. Bhatia will succeed PK Gupta who superannuated on March 31. Facebook India chief calls site non-partisan, against hate and bigotry amid political rowAmid the ongoing political row, Facebook has clarified that it presents an open, tra...

The two firms have been asked to destroy all product publicity material, signboards, packaging and labels which use brand names \"Khadi Essentials\" and \"Khadi Global\"

The NCLT order directing appointment of the resolution professional does not constitute an admission of SBI's insolvency application by the tribunal, a spokesperson for Anil Ambani said

The apex court said that the NCLT cannot admit cases of default more than three years (as prescribed by the Limitation Act) before the filing of insolvency application

The committee of creditors is yet to approve either of the two resolution plans that the Era Infra resolution professional has received so far - the reason being legal disambiguity of the resolution plans submitted

The Supreme Court on Thursday transferred all pending appeals related to debt-ridden Jaypee before the National Company Law Appellate Tribunal (NCLAT) to itself

Tata, in the court filing, exclaimed that Mistry, his former protege, was designated chairman of Tata Sons Ltd to lead the group into the future, not to critique the past