NCLAT Directs IL&FS to Distribute Rs 16,000 Crore to Creditors
The National Company Law Appellate Tribunal (NCLAT) has directed the board’s new members for the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash...
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Uday Kotak to Exit IL&FS Even as Firm Resolves Rs 55,000 Crore Debt
Crisis-hit Infrastructure Leasing & Financial Services Ltd (IL&FS) has resolved nearly 55 per cent of the group’s outstanding debt over the last three-and-a-half years, managing...
SC Allows FRL to Approach Delhi HC on Reliance Retail Merger
The Supreme Court permitted Future Retail Ltd (FRL) to approach the Delhi High Court to let the National Company Law Tribunal (NCLT) move forward with...
New Year and New Beginning for Jet Airways
The ‘Joy to Flying’ is Back The post was updated when it was reported on October 17 that the Kalrock Capital-Murari Jalan duohad won the...
Amazon Takes Approval to Use 4,500 Extra Satellites for Internet Plan
Amazon is attempting approval from the US communications regulators to utilise over 4,500 additional satellites to deliver broadband Internet worldwide. Amazon had said that it...
Jet Airways Staff Approaches Non-Payment of Gratuity
Jet Airways staff has urged the labour department to initiate steps to “summon” the management of the erstwhile Jet Airways, including former Chairman Naresh Goyal,...
Jet Airways to Resume Domestic Operations in Q1 of 2022
Jet Airways will resume domestic operations by the first quarter of 2022, an investor consortium whose resolution plan was approved by India’s bankruptcy court earlier...
Parliamentary Committee Recommends Rebuilding Insolvency System
A parliamentary committee has been appointed to review the Insolvency and Bankruptcy Code (IBC) has recommended rebuilding the present system, including a threshold rate of...
SC Reserves Decision on Amazon’s Pleas Against FRL-Reliance Deal
The Supreme Court decided on e-commerce giant Amazon’s pleas against the merger of Future Retail Ltd (FRL) with Reliance Retail. It will control whether Singapore’s...
Oyo Raises $660 Million in Debt Funding
Oyo has raised $660 million in a debt financing round from global institutional investors. The company did not reveal the names of the investors; investors...