National Company Law Tribunal Archives

The bench had clarified that the newly constituted board can take any commercial decision in the interest of homebuyers and with regard to any pending projects

SC permits Centre-appointed Unitech Board to seek police assistance to deal...

Team PGurus - October 22, 2024 1

SC greenlights police assistance for Unitech Board to tackle third-party interference The Supreme Court on Tuesday permitted the Centre-appointed board of directors of Unitech Ltd...

The FIR states that SpiceJet deducted 12% of employees’ salaries for PF contributions but failed to remit these amounts as required

Law and Order

Delhi Police EOW files case against SpiceJet MD and officials over...

PGurus Newsdesk - October 5, 2024 1

FIR against Ajay Singh, SpiceJet board surfaces day after clearing PF dues In a significant development for struggling airline SpiceJet, the Economic Offences Wing (EOW)...

The companies will withdraw the respective composite schemes of arrangement from the NCLT

Business

ZEE Entertainment and Sony Pictures reach amicable settlement over merger disputes

PGurus Newsdesk - August 27, 2024 0

Zee, Sony scrap $10 bn merger deal amicably ZEE Entertainment Enterprises Ltd. (ZEE) and Culver Max Entertainment Pvt. Ltd. (CMEPL), which operates as Sony Pictures...

A significant portion of these dues is tied to cases pending before court-appointed committees

Finance

SEBI segregates Rs.76,293 crore dues under ‘difficult to recover’ category

Team PGurus - August 20, 2024 1

SEBI's 'difficult to recover' dues surge 4% in FY24 India’s stock exchanges regulator SEBI has segregated dues to the tune of Rs.76,293 crore under the...

Zee sought termination fees from two Sony Group entities: Sony Pictures Networks India, now known as Culver Max Entertainment and Bangla Entertainment

Law and Order

Zee seeks $90 million from Sony as termination fee after merger...

PGurus Newsdesk - May 24, 2024 0

Zee wants Sony to pay Rs.750 cr for calling off $10-bn merger deal Zee Entertainment Enterprises has sought a termination fee of USD 90 million...

$The judgment marks a significant victory for the buyers involved, providing them with much-needed respite and legal recourse in their dealings with Value Infracon India Pvt Ltd$

Laws

NCLT orders relief to home buyers cheated by real estate companies

Team PGurus - March 26, 2024 0

Home buyers' plan approved on Apr 28, 2022, was the basis for the Tribunal's decision In a significant development, the National Company Law Tribunal (NCLT)...

Indian aviation industry sees a modest uptick in domestic passenger traffic for November

Economy

Aviation Industry sees incremental growth in November, faces engine woes: ICRA...

PGurus Newsdesk - December 12, 2023 0

Estimated passenger load factor for Nov 2023 stood at approximately 88% The aviation industry in India saw a modest uptick in domestic passenger traffic for...

Majority owner in consortium that won stake sale for state-owned helicopter operator faces legal trouble

Commerce

Govt calls off Pawan Hans disinvestment for the third time as...

Team PGurus - July 3, 2023 0

Govt disqualifies highest bidder, annuls EOI process for sale of Pawan Hans The Government of India on Monday decided to call off the strategic disinvestment...

RP has filed an application with the NCLT seeking cooperation from promoters and erstwhile management of the company, for providing various data

Business

Review audit of Videocon hints at questionable accounting entries by promoters...

Team PGurus - June 10, 2023 0

Audit hints at questionable accounting entries by Videocon promoters A review audit of debt-ridden Videocon Industries has indicated that there may be certain "questionable accounting...

Amid cash crunch, Go First, a Wadia-group-owned airline has submitted a detailed report to the aviation regulator Directorate General of Civil Aviation

Business

Go Air says ‘serial failure’ of Pratt & Whitney engines forced...

Team PGurus - May 2, 2023 0

Pratt engine woes blamed for Indian airline’s insolvency filing In a big setback to the Indian aviation industry, Industrialist Nusli-owned airlines company Go Air on...