The NCLT order had directed the government to appoint a five-member committee to enquire into various issues including affairs of the Club, which were alleged to be conducted in a manner prejudicial to public interest

To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25

A bench comprising Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian asked the parties to file compiled written submissions and subject index in the matter

A major issue is whether both parties will agree for an independent valuation of assets under monitoring of Supreme Court or not. Experts say it will be difficult for both to agree for an outside evaluator as it will force them to accept even an unfavourable valuation

In its petition to the apex court, the SP Group on October 29 had submitted to end its seven-decade-old ties with the Tata Group and has quoted Rs 1.75 lakh crore as the value of their 18.37 per cent stake in Tata Sons

With this, the September quarter witnessed a drop of around 85 per cent compared with the previous year, said a CARE Ratings report. This can be attributed to the suspension of fresh bankruptcy proceedings for COVID-19 defaults

The move will help PhonePe access long-term capital to fund its growing operations. Flipkart will remain the platform's majority shareholder

A three-judge bench of SC, which initially was of the view to send back the matter to NCLAT after setting aside March 4 order and decision on all aspects including the issue of dominant position being enjoyed by Flipkart, later stayed appellate tribunal's decision

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