BENGALURU: Aakash Educational Services filed an application before the NCLT in Bengaluru, seeking to dismiss a petition filed by Byju’s and calling for the impleadment of consultancy firm EY and its partner Ajay Shah. AESL alleged a conflict of interest, citing EY’s past advisory roles in transactions now being challenged by the resolution professional (RP) of Think & Learn, Byju’s …
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NEW DELHI: In a relief to Vedanta, the appellate tribunal NCLAT has stayed the National Company Law Tribunal orders against the demerger of the multinational mining company into separate entities and subsequent listing.The Mumbai bench of NCLT had on March 4 rejected the first motion petition moved for the composite scheme of arrangement between Vedanta in the matter of Talwandi …
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NEW DELHI: Supreme Court on Monday stayed the liquidation process for Bhushan Power & Steel (BPSL) before NCLT and ordered to maintain status quo after JSW Steel, whose resolution plan was rejected by SC, told the court that it was filing a review petition against the order.As JSW’s limitation period for filing a review against the SC judgment is not …
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NEW DELHI: Hudco will become a zero NPA company with no bad loans in its books in the next 18 months, following resolution of projects worth around Rs 1,200 crore at National Company Law Tribunal and Rs 400 crore at Debt Recovery Tribunal, its CMD Sanjay Kulshrestha said. Source link
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