- Tag results for NCLT
Tata Sons today launched a frontal attack on its ousted former chairman Cyrus Mistry, saying after his removal from the group he behaved like a "Trojan Horse".
A two-member bench of the NCLT headed by its President Justice M M kumar listed the matter for hearing on February 7, 2018.
Together, they are expected to create an entity worth over USD 23 billion, which will become India’s largest telecom company with a 35 per cent market share.
Both the groups can go ahead for the final approval for merger from the Department of Telecom after Vodafone's appeal for the scheme also gets NCLT nod.
The company owed lenders around Rs 4,600 crore, and reported a loss of Rs 676 crore on a revenue of Rs 541 crore in 2016-17.
Bakshi has been at loggerheads with the fast-food chain over the management of CPRL after he was ousted from the post of MD of the McDonald's franchisee in August 2013.
McDonald's dispute: Singhvi writes to CPRL logistics partner to resume supply so operations can restart
McDonald's estranged JV partner Vikram Bakshi said nearly all outlets of the food chain in East India have been shut and several others in the north are on the brink of closure.
RBI’s deadline to resolve stressed accounts ending on Wednesday, banks are set to refer at least 23 debt-erring firms to the National Company Law Tribunal.
The Supreme Court stayed the order of NCLT allowing the Centre to take over management of realty firm Unitech Limited.
Shares of Unitech surged as much as 20 percent in morning trade today after the NCLT authorised the government to appoint its 10 nominees on the board of the realty firm.
Bankruptcy court NCLT suspends eight directors of Unitech, allowing the government to appoint ten directors on the board.
Mistry is locked in a legal battle with the Tatas since his sacking as chairman of Tata Sons on October 24, 2016, and removal as a director on February 6.
The Supreme Court on Monday told Jaypee Associates to keep Rs 2,000 crore ready before its next hearing as it refused to permit it a part deposit of Rs 400 crore by Friday.
The NCLT order had come on a contempt plea filed by McDonald's estranged Indian partner Vikram Bakshi.
Applications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice.