News

Jet Airways` air operator certificate renewed by DGCA till September 3 The Jalan-Kalrock Consortium, which is the resolution applicant for the cash-strapped Jet Airways, has successfully secured the renewal of the airline's air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA). This crucial development clears the path for the grounded passenger carrier to resume its operations and revive its services in India. In a statement issued on Monday, the Jalan-Kalrock Consortium said that the successful resolution applicant of Je...
Jet Airways` air operator certificate renewed by DGCA till September 3
Jet Airways` air operator certificate renewed by DGCA till September 3
Source: IANS
31/07/2023 6:13:45 PM
Frequent amendment of corporate laws is to make them more robust: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Saturday said the Central government does not have any hesitation in frequently approaching the Parliament to amend corporate laws as it was to fine-tune them and to make these laws more robust, adding the process aims at making the laws cater to the challenges as well as the ever-changing requirements of the industry. Sitharaman said this while speaking here after inaugurating the renovated premises of the National Company Law Appellate Tribuna...
Frequent amendment of corporate laws is to make them more robust: FM Nirmala Sitharaman
Frequent amendment of corporate laws is to make them more robust: FM Nirmala Sitharaman
Source: IANS
2/04/2023 9:52:43 AM
India has robust commercial systems giving confidence to investors: Finance Minister Finance Minister Nirmala Sitharaman said on Saturday that it is now agreed during the negotiations of bilateral trade treaties that India has a better robust commercial system giving investors the confidence they need. Inaugurating the renovated court premises of the National Company Law Appellate Tribunal (NCLAT) bench in Chennai, Sitharaman also said that vested interests are not allowed to game the debt resolution system in the country. Sitharaman said the process of Resolution Profe...
India has robust commercial systems giving confidence to investors: Finance Minister
India has robust commercial systems giving confidence to investors: Finance Minister
Source: IANS
2/04/2023 9:17:39 AM
Indian startups hail Supreme Court ruling on Google-CCI case Home-grown startup founders on Thursday hailed the Supreme Court's order where it refused to interfere with the National Company Law Appellate Tribunal (NCLAT) decision, declining to stay operation of the Competition Commission of India (CCI) order imposing Rs 1,337.76 crore fine on Google. Google had moved the apex court after the setback at the NCLAT, which did not stay the CCI order on abuse of dominant position in multiple markets in the Android mobile device ecosystem case. Roh...
Indian startups hail Supreme Court ruling on Google-CCI case
Indian startups hail Supreme Court ruling on Google-CCI case
Source: IANS
20/01/2023 9:40:47 AM
Draft Telecom Bill may not help accelerate resolution process for insolvent companies in sector: Ind-Ra A domestic rating agency India Ratings and Research (Ind-Ra) in its latest report has said that the draft Indian Telecommunication Bill may not help accelerate the resolution process for insolvent companies in the sector. It said the bill stipulates that the ownership of spectrum remains with the government, and hence implies that the value of spectrum cannot be sold by creditors under the Insolvency and Bankruptcy Code. According to the report, the draft law also mentions that the governm...
Draft Telecom Bill may not help accelerate resolution process for insolvent companies in sector: Ind-Ra
Draft Telecom Bill may not help accelerate resolution process for insolvent companies in sector: Ind-Ra
Source: Accord Fintech
27/09/2022 11:01:35 AM
Key News - Paytm , NCLT , Tata Power, Tata Consultancy Services, UltraTech Cement By ARETE Securities Key News Paytm integrates govt service to give access to 2,100 blood banks pan-India Paytm app has integrated eRaktKosh, a centralised blood bank management platform set up by the Indian government, for easy access on its app With the addition of the eRaktKosh feature, Paytm users will be able to track and share real-time information from a wide range of blood banks. It will also allow Paytm users to look for contact information and find out which is the clos...
Key News - Paytm , NCLT , Tata Power, Tata Consultancy Services, UltraTech Cement By ARETE Securities
Key News - Paytm , NCLT , Tata Power, Tata Consultancy Services, UltraTech Cement By ARETE Securities
Source: ARETE Securities Ltd
12/04/2022 9:25:31 AM
NCLAT asks CoC to consider 63 moons' plea in DHFL Resolution Plan In a major boost to 63 moons technologies, which had filed a petition in the National Company Law Appellate Tribunal (NCLAT) against Piramal ascribing Re 1 value to Rs 40,000 crore worth of recoverable assets in the DHFL case, the NCLAT on Thursday ordered the petition to be considered by the Committee of Creditors (CoC). In a statement, 63 moons technologies said with this order, the CoC has to reconsider the provision of section 66 of IBC, which mandates that the benefit should go to all...
NCLAT asks CoC to consider 63 moons' plea in DHFL Resolution Plan
NCLAT asks CoC to consider 63 moons' plea in DHFL Resolution Plan
Source: IANS
27/01/2022 2:15:33 PM
Key News - Paytm, IHH Healthcare, Maruti Suzuki Ltd, Foxconn India, The National Company Law Appellate Tribunal By ARETE Securities Key News Paytm records over four-fold jump in loan disbursals in Oct-Dec 2021 Digital payments firm Paytm on Monday posted over four-fold jump in loan disbursals from its platform both in terms of numbers and value in the quarter ended December 31, 2021. Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter as compared to 8.81 lakh loans worth Rs 470 crore disbursed from its platform in the year-ago period.   Five Star Business Finance, Waaree Energies get Seb...
Key News - Paytm, IHH Healthcare, Maruti Suzuki Ltd, Foxconn India, The National Company Law Appellate Tribunal By ARETE Securities
Key News - Paytm, IHH Healthcare, Maruti Suzuki Ltd, Foxconn India, The National Company Law Appellate Tribunal By ARETE Securities
Source: ARETE Securities Ltd
11/01/2022 8:48:30 AM
Key News - Tata Consultancy Services, SJVN Ltd, Gail India Ltd, Jaguar Land Rover, Dabur India Ltd By ARETE Securities Key News TCS Partners With Celcom For Large-Scale Digital Transformation Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, is expanding its partnership with Celcom Axiata Berhad (Celcom), a leading telecommunications provider in Malaysia, to transform the latter’s core business support systems (BSS) using TCS HOBS™ and TCS TwinX™ hosted on Microsoft Azure. With the new core platforms transformation project, TCS wil...
Key News - Tata Consultancy Services, SJVN Ltd, Gail India Ltd, Jaguar Land Rover, Dabur India Ltd By ARETE Securities
Key News - Tata Consultancy Services, SJVN Ltd, Gail India Ltd, Jaguar Land Rover, Dabur India Ltd By ARETE Securities
Source: ARETE Securities Ltd
8/11/2021 9:50:36 AM
Key News - Reliance Retail Ventures Ltd, Oberoi Realty Ltd, IndiGo Ltd, National Company Law Appellate Tribunal, Piramal Enterprises Ltd, Emami Ltd By ARETE Securities Key News Reliance Retail Ventures brings 7-Eleven to India after Future exit Reliance Retail Ventures (RRVL), the country’s largest retailer with over 12,800 active stores, is all set to enter the fast-growing convenience store segment after it struck a crucial franchisee deal with American major 7- Eleven, Inc (SEI). Days after 7-Eleven’s franchise deal with Future Retail (FRL) fell through, RRVL grabbed the master franchisee for the Dallas-based convenience brand for the I...
Key News - Reliance Retail Ventures Ltd, Oberoi Realty Ltd, IndiGo Ltd, National Company Law Appellate Tribunal, Piramal Enterprises Ltd, Emami Ltd By ARETE Securities
Key News - Reliance Retail Ventures Ltd, Oberoi Realty Ltd, IndiGo Ltd, National Company Law Appellate Tribunal, Piramal Enterprises Ltd, Emami Ltd By ARETE Securities
Source: ARETE Securities Ltd
8/10/2021 9:09:55 AM
Key News - FMCG, Bharti Airtel Ltd, Jindal Steel & Power Ltd, The National Company Law Appellate Tribunal, AirAsia Ltd By ARETE Securities Key News FMCG firm Procter & Gamble Q4 net profit down 29% to Rs 49 crore FMCG firm Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported a 29.2 per cent decline in its net profit at Rs 48.98 crore for the quarter ended June 2021. The company, which follows the July-June financial year, had posted a net profit of Rs 69.21 crore in the corresponding period of the previous fiscal, it said in a regulatory filing. However, revenue from operations rose 23.96 per cent to ...
Key News - FMCG, Bharti Airtel Ltd, Jindal Steel & Power Ltd, The National Company Law Appellate Tribunal, AirAsia Ltd By ARETE Securities
Key News - FMCG, Bharti Airtel Ltd, Jindal Steel & Power Ltd, The National Company Law Appellate Tribunal, AirAsia Ltd By ARETE Securities
Source: ARETE Securities Ltd
26/08/2021 8:45:58 AM
Piramal ascribes Re 1 to Rs 45,000 cr recoveries in DHFL: 63 moons objects at NCLAT Fighting tooth and nail for all creditors of DHFL, 63 moons technologies has objected to the Piramal Group at the National Company Law Appellate Tribunal (NCLAT) for ascribing Re 1 only to Rs 45,000 crore recoverable assets from the Dewan Housing Finance Ltd (DHFL) and its promoters. Notably, Piramal Capital and Housing Finance Ltd has ascribed only a sum of Re 1 to Rs 45,000 crore worth of potential recoveries from DHFL promoters. In its petition, the Mumbai-based fintech company has u...
Piramal ascribes Re 1 to Rs 45,000 cr recoveries in DHFL: 63 moons objects at NCLAT
Piramal ascribes Re 1 to Rs 45,000 cr recoveries in DHFL: 63 moons objects at NCLAT
Source: IANS
7/07/2021 4:21:50 PM
Key News - Jaguar Land Rover Ltd, National Company Law Appellate Tribunal, Tata Steel Ltd, Tata Consultancy Services Ltd, Godrej Consumer Products Ltd by ARETE Securities Key News JLR reports 68% increase in retail sales in June qtr at 1,24,537 units Tata Motor's owned Jaguar Land Rover (JLR) on Tuesday reported a 68 per cent increase in retail sales for the first quarter ended June 30 at 1,24,537 units as compared with the same period of the previous fiscal, reflecting the continuing recovery in demand from the COVID 19 pandemic. The company had retailed 74,067 units in the April-June quarter of 2020-21. However, wholesales, in particular, were lowe...
Key News - Jaguar Land Rover Ltd, National Company Law Appellate Tribunal, Tata Steel Ltd, Tata Consultancy Services Ltd, Godrej Consumer Products Ltd by ARETE Securities
Key News - Jaguar Land Rover Ltd, National Company Law Appellate Tribunal, Tata Steel Ltd, Tata Consultancy Services Ltd, Godrej Consumer Products Ltd by ARETE Securities
Source: ARETE Securities Ltd
7/07/2021 8:48:36 AM
NCLT okays Vedanta Group firm's bid for Videocon Industries The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies Limited, a Vedanta Group company, to acquire the bankrupt Videocon Industries. The Committee of Creditors of Videocon had approved the plan last year with 95.09 per cent votes. The plan was then filed with the NCLT for its approval on December 15, 2020. "NCLT has pronounced the order on June 8, 2021 approving the resolution plan for the consolidated corporate debtors, including the c...
NCLT okays Vedanta Group firm's bid for Videocon Industries
NCLT okays Vedanta Group firm's bid for Videocon Industries
Source: IANS
9/06/2021 9:17:16 AM
DHFL resolution: NCLAT stays NCLT order to consider Wadhawan`s offer In a relief to Piramal Group, the National Company Law Appellate Tribunal (NCLAT) has stayed the NCLT order directing DHFL's Committee of Creditors (CoC) to consider the settlement of its former promoter Kapil Wadhawan. According to the lenders, allowing Wadhawan's proposal will destroy the fabric of the Insolvency and Bankruptcy Code. On May 19, the Mumbai-bench of the National Company Law Tribunal (NCLT) had asked the lenders of the bankrupt Dewan Housing Finance Corporation L...
DHFL resolution: NCLAT stays NCLT order to consider Wadhawan`s offer
DHFL resolution: NCLAT stays NCLT order to consider Wadhawan`s offer
Source: IANS
25/05/2021 1:49:36 PM
Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. (RCOM). According to experts, based on the NCLAT Judgement, the Resolution Plan of UV Asset Reconstruction Company Ltd. (UVARCL) for Aircel, which was approved in June 2020, will be unworkable and the company will be heading for liquidation, resulting in zero recovery for Rs ...
Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks
Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks
Source: IANS
18/04/2021 12:02:27 PM
Delayed bid cannot be considered under IBC even if better: NCLAT In a major judgement, the National Company Law Appellate Tribunal (NCLAT) has held that any resolution plan proposed by a bidder who had not participated in the corporate insolvency resolution process (CIRP) cannot be considered by the NCLT, even if the plan offers a better deal. "We are of the view that when the application for approval of resolution plan is pending before the adjudicating authority, at that time the adjudicating authority cannot entertain an application of a person ...
Delayed bid cannot be considered under IBC even if better: NCLAT
Delayed bid cannot be considered under IBC even if better: NCLAT
Source: IANS
20/01/2021 9:43:30 AM