The NCLAT order on spectrum sale may block transfer of Aircel and RCom spectrum to UVARCL and leave Indian and foreign banks with non-performing assets of around Rs 60,000 crore as claimed by the lenders

Telecom companies have the right to use spectrum under the licence granted to them. However, they cannot be said to be the owners in possession.

Tata-Mistry case: \"As a minority shareholder of Tata Sons, I am personally disappointed by the outcome of the judgement with respect to our case,\" said Cyrus Mistry

PM Modi visits war memorial, meets Bangladesh leaders, young achievers in DhakaPrime Minister Narendra Modi is on a two-day visit to Bangladesh which coincides with the country's 50th Independence Day celebrations. The Prime Minister was greeted by his counterpart Bangladesh PM Sheikh Hasina when he landed in Dhaka on Friday. While in Dhaka, PM Modi visited the National Martyrs' Memorial, Savar. The Prime Minister paid homage to the freedom fighters who had died in 1971 during the Bangladesh...

The Supreme Court on Friday upheld the ouster of Cyrus Mistry as executive chairman of Tata Sons in connection with the dispute between Tata Sons Pvt Limited and Cyrus Investments Pvt Ltd. A three-judge bench, headed by Chief Justice of India (CJI) SA Bodbe, gave its verdict on the basis of cross-appeals filed by the two entities against the 2019 National Company Law Appellate Tribunal (NCLAT) order reinstating Mistry as executive chairman of Tata Sons. The apex court had reserved its judgement in the case on December 17 last year after hearing arguments presented by a number of senior advocates including Harish Salve, Shyam Divan and CA Sundaram. Watch the video for more.Also Read: Tata Group shares rise up to 6% after Supreme Court upholds removal of Cyrus Mistry

BPSL has an integrated steel unit with liquid steel capacity of more than 2.5 million tonnes per annum in Jharsuguda, Odisha.

The industrialist, in a tweet, on Friday, minutes after the SC judgement, \"appreciated\" the top court's verdict, stating that it is a validation of the values and ethics of Tata Group

The apex court said that a promoter, who is barred from bidding for his company undergoing insolvency proceeding, cannot also take control of the company back by using the provision of 'scheme of arrangement' under Section 230 of the Companies Act

In the insolvency and bankruptcy proceedings, JSW Steel had proposed to repay Rs 19,350 crore to the BPSL lenders against their claims of Rs 48,000 crore

The Gujarat power distribution company had moved Supreme Court saying that neither the National Company Law Tribunal (NCLT) nor the NCLAT had the jurisdiction to stay the termination, which was done as per the clauses of the agreement

Lenders with 97 per cent voting share voted in favour. The effort is to complete the process by March 31.

The top court did not extend the benefit of moratorium on judicial proceedings in cheque bounce cases to directors or signatories of cheques of such firms, saying criminal cases would continue against \"natural persons\"

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

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

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