Tata says Mistry damaged the group’s reputation
The group’s patriarch has now joined the fight between Tata Sons and Cyrus Mistry, and filed a petition in the Supreme Court seeking a stay on the NCLAT order to reinstate Mistry.
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October 2018
September 2018
NCLAT reinstates Mistry as Tata Sons chairman
The appellate tribunal held Mistry’s removal as illegal, but the matter is far from over as Tata Sons is expected to challenge the verdict in the Supreme Court.
DHFL’s resolution plan ready for NCLT
Banks led by State Bank of India had finalised a resolution plan for DHFL when a court case scuttled it at the last moment. A revised plan is expected to be ready by Monday.
SC upholds homebuyers’ status as financial creditors
The latest Supreme Court judgement upholding amendments in IBC gives far reaching powers to homebuyers. Experts say it increases the ease of doing business.
JSW’s power play
JSW Energy joint managing director and CEO Prashant Jain is bullish on the power sector despite its turmoil.
Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
IL&FS’ Satyam moment
Nine years after the Satyam Computer Services fiasco, IL&FS finds itself in a similar situation, in need of a bailout from the government to prevent the contagion from spreading further.
Government takes charge of IL&FS
The National Company Law Tribunal allows the government to take control of crisis-hit Infrastructure Leasing & Financial Services (IL&FS); Uday Kotak to head the new board.
SC to hear cases on insolvent power companies on November 11
The top court has ordered a status quo on High Courts making a judgement in cases challenging the Reserve Bank of India’s February 12 circular.
Shivinder drags brother Malvinder to NCLT
Former Ranbaxy promoter dissociates with brother; case also names former Religare chief Godhwani.
