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SC bars creditors from withdrawing insolvency plan over improved finances

Mumbai, Oct. 27 -- The Supreme Court on Monday ruled that lenders cannot withdraw an approved insolvency resolution plan merely because a company's financial position has improved, potentially limitin... Read More


Boardroom friction drives listed companies to law firms for governance advice

New Delhi, Oct. 23 -- Companies are increasingly dialing up lawyers for advice on board composition, independent director appointments and disagreements as corporate governance gains prominence and re... Read More


B.R. Shetty seeks $15 bn from Bank of Baroda over alleged role in NMC fraud in Bombay HC

New Delhi, Oct. 13 -- Mumbai, New Delhi : Bavaguthu Raghuram Shetty, founder of NMC Healthcare and UAE Exchange, has approached the Bombay High Court (HC) seeking $15 billion in damages from Bank of... Read More


B.R. Shetty seeks $15 bn from Bank of Baroda, several officials and others over alleged role in NMC fraud

New Delhi, Oct. 13 -- Mumbai, New Delhi : Bavaguthu Raghuram Shetty, founder of NMC Healthcare and UAE Exchange, has approached the Bombay High Court (HC) seeking $15 billion in damages from Bank of... Read More


Food companies turn to lawyers as FSSAI scrutiny reaches boardrooms

New Delhi, Sept. 30 -- India's food regulator has stepped up enforcement, prompting packaged-food makers and wellness-product companies to seek legal advice on labels, marketing claims, licences and i... Read More


Subhash Chandra repayment plan: NCLT seeks CBI response, puts hearing on hold

New Delhi, Sept. 23 -- The National Company Law Tribunal (NCLT) on Wednesday sought a response from the Central Bureau of Investigation (CBI) within four weeks in the case involving Zee founder Subhas... Read More


Delhi High Court directs SAP to restore software services to Nayara Energy

New Delhi, Sept. 21 -- The Delhi High Court granted interim relief to Indo-Russian oil major Nayara Energy on Monday, allowing its plea against the Indian arm of German software service provider SAP o... Read More


NCLAT agreed to hear creditors' plea challenging Subhash Chandra's repayment plan

Mumbai, Aug. 31 -- National Company Law Appellate Tribunal (NCLAT) on Monday agreed to hear the urgent plea made by several creditors challenging the National Company Law Tribunal (NCLT) Delhi bench's... Read More


NCLAT to hear creditors' plea challenging Subhash Chandra's repayment plan

Mumbai, Aug. 31 -- The National Company Law Appellate Tribunal (NCLAT) on Monday agreed to hear an urgent plea by several creditors challenging the National Company Law Tribunal (NCLT) Delhi bench's a... Read More


Indiabulls Housing Finance won't challenge NCLT approval of Subhash Chandra repayment plan

Mumbai, Aug. 28 -- Indiabulls Housing Finance Ltd, now known as Samaan Capital, has decided not to challenge the National Company Law Tribunal (NCLT)'s approval of Zee group founder and chairman emeri... Read More