Invesco Fund today moved the #NCLT against Zee Entertainment Enterprises Ltd for not announcing a date for the EGM seeking removal of the CEO & MD Punit Goenka & reconstitution of the board:
https://moneycontrol.com/news/business/invesco-drags-zee-to-nclt-over-delay-in-egm-date-for-punit-goenka-ouster-7523641.html?utm_source=telegram&utm_medium=social
https://moneycontrol.com/news/business/invesco-drags-zee-to-nclt-over-delay-in-egm-date-for-punit-goenka-ouster-7523641.html?utm_source=telegram&utm_medium=social
Moneycontrol
Invesco drags Zee to NCLT over delay in EGM date for Punit Goenka ouster
NCLT's Mumbai bench is likely to hear the matter on Thursday, September 30.
#ZeeEntertainmentEnterprises share price was trading lower by over a per cent in the morning session today after Invesco dragged the company to #NCLT over delay in fixing the EGM date for #PunitGoenka ouster ⬇
https://www.moneycontrol.com/news/business/stocks/zee-entertainment-stock-under-pressure-after-invesco-moves-nclt-7525791.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/stocks/zee-entertainment-stock-under-pressure-after-invesco-moves-nclt-7525791.html?utm_source=telegram&utm_medium=social
Moneycontrol
Zee Entertainment Stock Under Pressure After Invesco Moves NCLT
Invesco moved NCLT against Zee Entertainment for not announcing a date for an EGM sought by the US fund to reconstitute the board of the media company and oust its chief executive and managing director Punit Goenka.
So why has the #Zee board snubbed key shareholder Invesco’s EGM requisition for a board rejig, despite a direction from the #NCLT? Ashwin Mohan decodes the reasons which may further intensify the ongoing tussle.
Read: https://www.moneycontrol.com/news/business/explained-why-has-the-zee-board-rejected-the-invesco-egm-demand-7531771.html?utm_source=telegram&utm_medium=social
Read: https://www.moneycontrol.com/news/business/explained-why-has-the-zee-board-rejected-the-invesco-egm-demand-7531771.html?utm_source=telegram&utm_medium=social
Moneycontrol
Explained: Why Has The Zee Board Rejected The Invesco EGM Demand?
Zee and Invesco are locked in a legal tussle at the NCLT over the latter’s demand for a board rejig and the ouster of MD & CEO Punit Goenka.
#ICYMI: So why has the #Zee board snubbed key shareholder #Invesco’s EGM requisition for a board rejig, despite a direction from the #NCLT?
Ashwin Mohan decodes the reasons which may further intensify the ongoing tussle at 👇
https://moneycontrol.com/news/business/explained-why-has-the-zee-board-rejected-the-invesco-egm-demand-7531771.html?utm_source=telegram&utm_medium=social
Ashwin Mohan decodes the reasons which may further intensify the ongoing tussle at 👇
https://moneycontrol.com/news/business/explained-why-has-the-zee-board-rejected-the-invesco-egm-demand-7531771.html?utm_source=telegram&utm_medium=social
Moneycontrol
Explained: Why Has The Zee Board Rejected The Invesco EGM Demand?
Zee and Invesco are locked in a legal tussle at the NCLT over the latter’s demand for a board rejig and the ouster of MD & CEO Punit Goenka.
Debt-ridden IL&FS in a release said it has received approval from #NCLT for launching phase I of its InvIT
https://www.moneycontrol.com/news/business/ilfs-gets-nclt-approval-for-phase-1-invit-7656311.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/ilfs-gets-nclt-approval-for-phase-1-invit-7656311.html?utm_source=telegram&utm_medium=social
Moneycontrol
IL&FS Gets NCLT Approval For Phase 1 InvIT
Roadstar Infra Investment Trust, will get six road projects under Phase I and the SPV for this will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore
#NCLT has appointed Gaurav Katiyar as interim resolution professional for Spaze Tower Private Limited in a case involving 40 buyers of commercial space in Gurgaon.
Vandana Ramnani brings us the story ⏬
https://www.moneycontrol.com/news/business/real-estate/nclt-appoints-irp-in-spaze-tower-pvt-ltd-case-7681631.html?utm_source=telegram&utm_medium=social
Vandana Ramnani brings us the story ⏬
https://www.moneycontrol.com/news/business/real-estate/nclt-appoints-irp-in-spaze-tower-pvt-ltd-case-7681631.html?utm_source=telegram&utm_medium=social
Moneycontrol
NCLT Appoints IRP In Spaze Tower Pvt Ltd Case
This is one of the first matters to be admitted for a real estate company after the 10% or 100 allottees ordinance came into effect
On November 29, the RBI had superseded the board of Reliance Capital due to the defaults of the company in meeting various payment obligations.
Read more at
https://www.moneycontrol.com/news/business/rbi-moves-nclt-to-initiate-bankruptcy-proceedings-of-reliance-capital-7785851.html?utm_source=telegram&utm_medium=social
#RelianceCapital #NCLT
Read more at
https://www.moneycontrol.com/news/business/rbi-moves-nclt-to-initiate-bankruptcy-proceedings-of-reliance-capital-7785851.html?utm_source=telegram&utm_medium=social
#RelianceCapital #NCLT
Moneycontrol
RBI Moves NCLT To Initiate Bankruptcy Proceedings Against Reliance Capital
On November 29, the RBI had superseded the board of Reliance Capital due to the defaults of the company in meeting various payment obligations.
The NCLT admitted a plea moved by the RBI seeking to initiate insolvency proceedings against Reliance Capital, the financial services holding company promoted by the Anil Ambani-led Reliance Group.
Read at
https://www.moneycontrol.com/news/business/nclt-admits-rbi-plea-to-initiate-insolvency-proceedings-against-reliance-capital-7797501.html?utm_source=telegram&utm_medium=social
#NCLT #RBI #RelianceCapital
Read at
https://www.moneycontrol.com/news/business/nclt-admits-rbi-plea-to-initiate-insolvency-proceedings-against-reliance-capital-7797501.html?utm_source=telegram&utm_medium=social
#NCLT #RBI #RelianceCapital
Moneycontrol
NCLT Admits RBI Plea To Initiate Insolvency Proceedings Against Reliance Capital
The admission of RBI's plea comes days after the central bank superseded the board of Reliance Capital.
Any corporate insolvency resolution procedure ought to be completed strictly within the timeframe set out under the IBC & any deviation from this would defeat the object of setting out such limit, the #SupremeCourt
Read at
https://www.moneycontrol.com/news/trends/legal-trends/the-long-and-tumultuous-journey-of-amtek-autos-insolvency-process-7801321.html?utm_source=telegram&utm_medium=social
#InsolvencyAndBankruptcyCode #NCLAT #NCLT
Read at
https://www.moneycontrol.com/news/trends/legal-trends/the-long-and-tumultuous-journey-of-amtek-autos-insolvency-process-7801321.html?utm_source=telegram&utm_medium=social
#InsolvencyAndBankruptcyCode #NCLAT #NCLT
Moneycontrol
The Long And Tumultuous Journey Of Amtek Auto’s Insolvency Process
The beleaguered auto parts maker was among the first batch of bankrupt companies to be referred for insolvency resolution back in 2017 but the hurdles faced in this instant case made the road to revival a long and bumpy one.
The bankruptcy appeals tribunal has tossed out promoter C Sivasankaran’s plea against the #NCLT order on liquidation of Siva Industries. NCLT had ordered liquidation in August 2021.
Read more at 👇
https://www.moneycontrol.com/news/business/appeals-tribunal-tosses-out-promoter-plea-against-liquidation-of-siva-industries-8001961.html?utm_source=telegram&utm_medium=social
Read more at 👇
https://www.moneycontrol.com/news/business/appeals-tribunal-tosses-out-promoter-plea-against-liquidation-of-siva-industries-8001961.html?utm_source=telegram&utm_medium=social
Moneycontrol
Appeals Tribunal Tosses Out Promoter Plea Against Liquidation Of Siva Industries
This comes after the NCLT had ordered liquidation in August