Adani Enterprises gets lenders’ nod to acquire Jaiprakash Associates

Billionaire businessman Gautam Adani-promoted Adani Enterprises said on Wednesday that the creditors of the bankrupt infrastructure firm Jaiprakash Associates have approved its takeover proposal. The company did not disclose its bid value. Upon takeover, Adani Enterprises will have control over Jaiprakash Associates’ business spanning seven industries that had reported over ₹6,500 crore in revenue and…

Former Provogue Director Files FIR Alleging ₹90-Crore Scam In Insolvency Process; EOW Begins Probe

Former Provogue director alleges ₹90-crore fraud during insolvency as police and EOW begin probe | Representational Image Mumbai, Nov 19: A complaint has been filed by Nikhil Chaturvedi, former Director of Provogue India Ltd., alleging a massive financial fraud during the company’s insolvency and liquidation proceedings during 25 September 2018 to 25 April 2023. FIR…