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Antrix-Devas deal: What you need to know about the controversial case, why it is in news
Fp Staff •In February 2011, the Manmohan Singh-led government cancelled the deal for 'security reasons' after allegations of favouritism were made
Jet Airways' CIRP concludes; seven-member monitoring panel to manage airline under resolution plan
•However, NCLT made it clear that it will not give any direction on the issue of airport slots for Jet Airways, citing that the matter will be handled by the government or the appropriate authority concerned
Piramal group gets RBI nod for acquisition of DHFL; mortgage lender's shares rise by 4.94%
•DHFL was the first finance company to be referred to NCLT by the RBI using special powers under Section 227 of the IBC. The company owes Rs 87,031 crore to financial creditors
Future Retail has requested a tribunal to obtain key permission for its asset sale of $3.4 billion to Reliance Industries
Techsamvad •The legal battle ensuing between the companies Amazon, Future Retail and Reliance has been going on since last year itself.
Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore
•Failure to pay the instalments of the dues would incur penalty, interest, and contempt of court, the Bench cautioned the telecom firms
National Company Law Tribunal approves IL&FS stake sale in GIFTCL to Gujarat govt
•The National Company Law Tribunal has approved crisis-hit IL&FS to selling its stake in the Gujarat International Finance Tec-City Company (GIFTCL) to the Gujarat government
UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm
•A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing.
Despite new measures to revive economy, govt's steps on Insolvency and Bankruptcy Code needs clarity
Joshuua •The impact that the changes to the IBC will result in could possibly only come to light several months from today.
Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%
Fp Staff •Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline
National Company Law Tribunal transfers 8 members with immediate effect; to form a new bench for Cuttack
•According to a notification issued by the National Company Law Tribunal Registrar on Thursday, the list comprises four judicial members and four technical members.