Mumbai: The insolvency proceedings of Lavasa Corp. has taken a U-turn after the Mumbai bench of the National Company Law Tribunal dismissed the resolution application of Darwin Platform Infrastructure Ltd for the acquisition of the hill station city. The tribunal has further allowed creditors to restore the insolvency process to sustain it as a going…
The National Company Law Appellate Tribunal (NCLAT), Chennai on Friday (September 6, 2024) ordered status quo to be maintained as on date in the matter of Corporate Insolvency Resolution Process of Coastal Energen Private Limited, based on an appeal filed against the approval of a ₹3,335.52 crore (excluding resolution process cost) resolution plan submitted by Dickey Alternative Investment Trust and…
The Securities and Exchange Board of India’s (Sebi) move follows an expert committee’s recommendations to the market regulator for well-governed entities that are expected to perform better in the long run. Compliance with laws is the baseline indicator of responsible governance. Sebi’s changes focus both on external assurance exercises on compliance as well as robust…
