BYJU's breaks salary delay; pays up after 2 months’ hold
Despite its efforts, BYJU's has not yet received approval to access the funds from the rights issue, attributing the delay to actions taken by four of its investors
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April 2024
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SpiceJet resolves ₹250 cr dispute with AerCap’s subsidiary Celestial Aviation
Representatives from SpiceJet and Celestial Aviation informed the NCLT last week that settlement terms had been reached and requested an adjournment, which the court granted.
Hinduja gets NCLT approval to acquire Anil Ambani’s Reliance Capital
IndusInd International Holdings Ltd (IIHL), the Hinduja Group firm, had submitted the highest bid of ₹9,650 crore to take over debt-ridden Reliance Capital
Anything that can go wrong may have gone wrong with IBC
Over 90% haircut are a wakeup call to review the entire gamut of policies and governance involving stressed asset resolution
NCLT notice to Sony on ZEE’s plea seeking merger
NCLT notice follows SIAC denying Sony’s application for "emergency interim relief"
Coffee Day Enterprises stock tanks 16% after ₹228 cr default allegation
IDBI Trusteeship has filed an application of "default" against the company before NCLT over alleged default of ₹228 cr
NCLT nod to ZEE-Sony merger; stock zooms 16%
NCLT approval comes many months after deal was announced back in 2021; it will lead to creation of the largest entertainment network in country
RIL shares rise after NCLT approves demerger of financial services unit
RIL will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments on stock exchanges.
DGCA to conduct Go First’s audit; asked to submit revival plan
Go First to submit operational details such as functioning aircraft, employees info, and funding arrangements
NCLT to hear insolvency plea against SpiceJet on June 1
The matter pertains to non-payment of dues by SpiceJet to its lessor Aircastle Ireland.
