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The Competition Commission of India (CCI) has on AUgust 26 approved the acquisition of Jaiprakash Associates (JAL) by Adani Group Entities, the organisation announced in an official statement. The announcement was also posted on their official social media account on X (formerly known as Twitter). According to the press release, the deal proposes acquisition of…
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The Companies Act 61 of 1973 (Companies Act) provides a mechanism, in the form of sections 417 and 418, to enable liquidators to investigate the affairs of an insolvent entity. However, the very people who are responsible for the (mis)management and financial ruin of a company are often the only people who have knowledge of…
G Gnanaraja told Lim Guan Eng’s corruption trial that he was declared bankrupt last year. KUALA LUMPUR: A businessman told the sessions court during Lim Guan Eng’s undersea tunnel project trial that he had to “get things done” for the then Penang chief minister, following an alleged request to open a bank account. G Gnanaraja…
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The Mumbai bench of National Company Law Tribunal, declared the personal guarantor, the former chairman of the Dewan Housing Finance Corporation Limited (DHFL) bankrupt over dues of ₹4,545,96,56,973.57 related to the Dewan Housing Finance Corporation Limited (DHFL) facility agreements, providing relief to Union Bank of India (UBI). Union Bank of India,petitioner-financial creditor ,had provided credit…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here