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Total 579 results found. Search for [ NCLT ]

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Virendrasingh Ghunawat
July 13, 2018
An executive chairman does not enjoy a free hand and cannot assume that majority shareholders and the board would be at his beck and call, the NCLT order said.


BusinessToday.In
New Delhi, July 10, 2018
With the NCLT on Monday rejecting Cyrus Mistry's allegations of lapses in governance on part of the Tata Group in dealings with Aircel, Sivasankaran has reportedly bucked up and is planning a counter-attack.


Manu Kaushik
New Delhi, July 10, 2018
The demand by DoT is unjustifiable on two grounds. Firstly, the telcos have got stay orders from various high courts against the payment of OTSC to DoT. Since the telcos are still contesting the matter, the demand for spectrum charges is untenable.


BusinessToday.In
July 10, 2018
NCLT bench members B S V Prakash Kumar and V Nallasenapathy said that Mistry was ousted as chairman because the Tata Sons' Board and its majority shareholders had lost confidence in him.


BusinessToday.in
New Delhi, July 9, 2018
In a major setback to Cyrus Mistry, the Mumbai bench of National Company Law Tribunal (NCLT) dismissed his petition against Tata Group with respect to his removal as Tata Sons chairman and observed that Mistry's conduct does not augur well for smooth functioning of Tata Sons. Watch BusinessToday.In Editor Rajeev Dubey discuss the nitty-gritty surrounding the allegations levelled by Cyrus Mistry against the Tata Group.


Nevin John
July 9, 2018
NCLT on Monday said Cyrus Mistry's petition against his removal as Tata Sons' chairman two years ago has no merit.


BusinessToday.in
New Delhi, July 9, 2018
NCLT to pronounce verdict in Ratan Tata-Cyrus Mistry caseThe National Company Law Tribunal (NCLT) will pronounce its judgement on a petition filed by Cyrus Mistry challenging his dismissal as chairman of the Tata Sons. The Board of Tata Sons had abruptly removed Mistry as its chairman on October 24, 2016 and sought his ouster from other group companies. He subsequently resigned from the board of six firms, but dragged Tata Sons and his then interim successor Ratan Tata to the NCLT...


BusinessToday.In
July 9, 2018
The NCLT's judgement was based on a petition filed by Cyrus Mistry challenging his dismissal as chairman of the Tata Sons. The Board of Tata Sons had abruptly removed Mistry as its chairman on October 24, 2016.


BusinessToday.In
New Delhi, July 5, 2018
Punjab National Bank CEO Sunil Mehta-led panel's 5-point formula to resolve NPAs in the banking system has come up with some outrageous recommendations that are largely aimed at deferring the inevitable, rather than resolving the NPA mess. The panel comprised only PSU bankers. SBI Chairman Rajnish Kumar and Bank of Baroda's BS Jayakumar are the other members of the panel. Watch BusinessToday.In Editor Rajeev Dubey talk about Mehta Panel's 5-point strategy to deal with NPAs.


BusinessToday.in
New Delhi, July 5, 2018
Arun Jaitley calls for amendments in graft law, says it's anarchic and hurts decision makingUnion Minister Arun Jaitley on Tuesday called for amendments in the Prevention of Corruption Act -- a graft law that the Minister described as anarchic and one of the most badly drafted pieces of legislations. His statement came weeks after the Pune police on June 21 arrested the entire top management of the state-run Bank of Maharashtra for a loan of Rs 94.5 crore to the scam-tainted devel...


Rajeev Dubey
New Delhi, July 4, 2018
The recommendations submitted by the committee are truly uni-dimensional as the panel only looks at the bankers' perspective, which is hardly surprising considering it comprised only PSU bankers.


BusinessToday.In
July 4, 2018
The Mumbai bench of NCLT on Wednesday deferred its judgement on ousted Tata Sons chairman Cyrus Mistry's petitions against the Tata Group.


BusinessToday.In
July 3, 2018
The panel, which was set up to study the feasibility of an ARC/AMC for faster resolution of bad loans, has suggested a five-pronged strategy that includes -- SME resolution approach, bank-led resolution approach, AMC/AIF led resolution approach, NCLT/IBC approach, and asset-trading platform.


Mail Today Bureau
June 26, 2018
To be eligible for listing, a company needs to have a pre-issue paid up equity share capital of a minimum of Rs 1 crore. The company should be in existence for a minimum period of three years on the date of filing the draft prospectus with BSE.


BusinessToday.In
New Delhi, June 23, 2018
RIL-JM Financial ARC was the sole bidder and its initial offer of Rs 4,950 crore in April was rejected by the committee of creditors of Alok Industries on the grounds that it was too low.


Mail Today Bureau
June 23, 2018
Adani Wilmar has put in a Rs 6,000 crore bid for Ruchi Soya vs Patanjal's Rs 5,700 crore. Patanjali has not moved a counter bid under the Swiss system of auction as it claims that Adani Wilmar is not eligible to participate in the bidding for Ruchi Soya.


PTI
New Delhi, June 22, 2018
While Phase-I of the power project is operating with limited gas supplies, Phase II and III are not producing any power due to lack of gas supplies.


PTI
New Delhi, June 20, 2018
He said he would leave the office within the next two months by early September, even though his contractual term was co-terminus with the government.


PTI
June 19, 2018
Patanjali was to submit its revised bid under the Swiss Challenge system by June 16. But it has not yet submitted improved bid to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.


BusinessToday.In
June 18, 2018
NCLT's only success stories so far have seen banks taking a significant hair-cut and settling for recovery of Rs 50,000 crore.


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