Bombay High Court: While hearing an application under Section 466 of the Companies Act, 1956 (Companies Act), a Single Judge Bench of Sharmila U. Deshmukh, J., declined to stay the winding up of Swadeshi Mills Company Ltd. (Swadeshi Mills). The Court reiterated that revival schemes must meet the triple test of bona fides, commercial morality,…
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Supreme Court Upholds Sarda Energy’s ₹19.5 Billion Resolution Plan for SKS Power scanx.trade Read the original article here
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Key Points Progeny 3, Inc. sold 1,872,400 Caesars shares; estimated trade size $50.60 million (based on quarterly average price) Quarter-end position value declined by $50.60 million, reflecting both share sale and price movement Transaction represented a 2.72% change in 13F reportable assets under management Post-trade stake: 0 shares, $0 value Position was previously 2.6% of…
The Supreme Court of India has ruled that simultaneous proceedings for the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) can be maintained against both the principal debtor and its corporate guarantor. A bench comprising Justice Dipankar Datta and Justice Augustine George Masih held that a creditor is not required…
AI boom will be no free pass for debt-laden major economies The Standard (HK) Read the original article here