NCLAT asks CCI to probe against Flipkart over allegations of unfair practices; says vendors' body successfully presented case
The AIOVA alleged abuse of market dominance against Flipkart India, which is into wholesale trading/distribution of books, mobiles, computers and related accessories, and e-commerce marketplace Flipkart Internet.
NCLAT rejects IFCI plea against ACCIL Hospitality, says can't seek fresh insolvency plea against corporate guarantor
IFCI had filed petition to initiate insolvency proceedings against ACCIL Hospitality, which had extended a corporate guaranty for Asian Colour Coated Ispat Limited.
Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLAT
NCLATsuggested there should be "reverse corporate insolvency resolution process" in such cases, where insolvency process is initiated against a realty company, no home buyer can approach NCLT or NCLAT to seek refunds.
Facing over Rs 21,000 crore liability in interest and penalty alone after a Supreme Court ruling on the definition of telecom revenues, Vodafone Idea on Friday said it will approach the government for relief, including a waiver of interest and penalties
Shares of Vodafone Idea crashed over 27 percent during the day on Thursday after the Supreme Court allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from telecom service providers
Supreme Court rules against telcos: Will have to pay Centre Rs 92,000 cr; Airtel may end up paying over Rs 21,000 cr, Vodafone Rs 20,000 cr
The Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from telcos
After SBI, now Axis Bank, too, protests against NCLAT order on higher payout to Essar Steel's operational creditors
Amitabh Chaudhry said the banks will exercise their right of taking the matter to the Supreme Court and hoped clarity can emerge in the matter from the apex court.
Appellate tribunal stays fine on NSE in unfair access case, asks bourse to transfer Rs 627 cr to SEBI account
The NSE would still have to comply with those fundraising restrictions, the tribunal said on Wednesday during the bourse’s appeal against SEBI’s order.
The appellate tribunal has asked all parties including lenders to file their written submissions before it.
Delhi ravaged by own citizens, officials, says SC over issue of illegal constructions, misuse of residential premises
Supreme Court on Friday lamented that after being pillaged by invaders for centuries, Delhi was now being ravaged by its own citizens and officials
New bankruptcy law nets first victim, Innoventive Industries; but questions raised on its efficiency
The Reserve Bank of India has already told banks to push 12 of the largest defaulters into insolvency, but experts worry the framework is largely untested
The property, spread in 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).
Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, Pearl Agrotech Corporation (PACL) on Sunday said it will approach the Securities Appellate Tribunal (SAT) against the directive of the capital markets regulator.<br />
There have been many ponzi schemes in India's history and then there's Pearls Agrotech Corporation Limited, better known as PACL.
PACL said it "would also like to remind its customers that it has always kept their interest paramount and would continue to do so". <br />
It also gave two weeks time to Loop Telecom to file rejoinder within two weeks and posted the matter on 17 July for the next hearing.