Binani Cements lenders have asked for necessary permissions to be obtained before they proceed with the settlement. Photo: Mint New Delhi: Binani Cement Ltd moved the Supreme Court on Monday seeking permission for an out-of-court settlement and end insolvency proceedings against it. The companys lenders have asked for necessary permissions to be obtained before they…
Indias central bank raised limits for overseas bond investors that could lure $16 billion of new funds, the third policy move in two weeks to spur demand in the nations debt markets. Foreign investors will be allowed to increase holdings by 1.04 trillion rupees ($16 billion) for the fiscal year to March 2019, the Reserve…
Industrialists, Lawyers and Chartered Accountants who gathered for a book launch by Sridhanya Foundation called the National Company Law Tribunal (NCLT) a powerful tool. The Centre has constituted NCLT under Section 408 of the Companies Act, 2013 (18 of 2013) from June 2016. The NCLT is a powerful tribunal, Justice N. Kirubakaran, judge, Madras High…
Gas company Linc Energy has been found guilty of causing serious environmental harm at its underground coal gasification (UCG) plant on Queensland’s western Darling Downs. Linc Energy was charged with five counts of wilfully and unlawfully causing environmental harm between 2007 and 2013 at Chinchilla. The corporation pleaded not guilty to the offences at…