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

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

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 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 advance ruling mechanism under GST is fraught with many gaps, which is compounding the problems of taxpayers

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

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

The minority shareholders of Jaypee Infratech have also requested the NCLAT to pass a direction to the stock exchanges BSE and NSE not to delist the share of Jaypee Infratech till they are adequately compensated

JSW Steel is keen to de-risk its acquisition of Bhushan Power and Steel as it has an expansion plan on cards, and is also facing unprecedented challenges in the steel market

Share market updates and analysis for July 15: RIL AGM, earnings announcements and global cues to set tone for stock markets

NCLT observed that the resolution plan submitted by Deccan Venture fulfils all the requirements of regulations of the corporate insolvency resolution process and has been approved by the CoC

In a notice issued on July 2, the NCLAT said all court works, including virtual hearings of cases and filing, would remain suspended as some staff members have come in direct contact with a affected person