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Adani Power adds Reliance Power's former unit to its string of acquisitions

New Delhi, June 19 -- Adani Power Ltd has inched closer to acquiring the bankrupt Vidarbha Industries Power Ltd, a former subsidiary ofReliance Power Ltd, adding to a list of distressed but strategica... Read More


Bombay High Court upholds Rs.538 cr award to defunct Kochi IPL franchise against BCCI

New Delhi, June 18 -- In a major blow to the Board of Control for Cricket in India (BCCI), the Bombay High Court has upheld an arbitral award of over Rs.538 crore in favour of the now-defunct Indian P... Read More


Mint Explainer: What's at stake as Bar Council reviews its rules on foreign law firms

New Delhi, June 17 -- On 12 June the Bar Council of India (BCI) set up a high-powered committee headed by Cyril Shroff, managing partner at Cyril Amarchand Mangaldas, to evaluate the implications of n... Read More


NCLT admits Ireda plea against Gensol, EV leasing subsidiary

new delhi, June 14 -- A company law court on Friday admitted Gensol Engineering Ltd and its EV leasing subsidiary to insolvency proceedings, and appointed an interim resolution professional (IRP) to t... Read More


Gensol Engineering insolvency: NCLT admits Ireda's plea on Rs.510 crore default

New Delhi, June 13 -- The National Company Law Tribunal's Ahmedabad bench has admitted Gensol Engineering Ltd into corporate insolvency proceedings on a plea filed by state-run Indian Renewable Energy... Read More


Delhi High Court to decide if taxman can revive tax notices dating back to 1996 for foreign assets

New Delhi, June 6 -- The Delhi High Court will soon to decide whether the tax department can retrospectively reopen old tax notices involving foreign assets-even if those notices were time-barred unde... Read More


Relief for Reliance Infra as NCLAT puts bankruptcy proceedings on hold

New Delhi, June 4 -- In a relief to Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against the company that were initiated by I... Read More


Mint Explainer: Why India's plywood industry faces an environmental crackdown

New Delhi, June 4 -- India's Rs.23,510-crore plywood industry faces environmental scrutiny, with the National Green Tribunal (NGT) directing the ministry of environment, forest and climate change to d... Read More


NCLT issues notices to BluSmart Mobility and Gensol on three fresh insolvency pleas

New Delhi, June 3 -- The National Company Law Tribunal (NCLT) on Tuesday issued notices to electric vehicle (EV) ride-hailing startup BluSmart Mobility Ltd and Gensol Engineering Ltd on three new inso... Read More


SC closes L&T's plea after Mumbai civic body cancels Rs.14,000-cr tender for key infra projects

New Delhi, May 30 -- In a relief for engineering and construction giant Larsen & Toubro Ltd (L&T), the Mumbai Metropolitan Region Development Authority (MMRDA) informed the Supreme Court on Friday tha... Read More