New Delhi: No final order has been passed by the National Company Law Tribunal in the personal insolvency case against Essel Group Chairman Subhash Chandra over claims of over Rs 22,000 crore, as its two-member bench on Monday failed to reach a majority verdict due to an independent opinion by the third member. The matter…
The National Company Law Tribunal (NCLT) has constituted a five-member bench to decide Essel Group chairman Subhash Chandra’s personal insolvency case after holding that no majority verdict had emerged on his Rs 6.25-crore repayment plan. The larger bench will hear the case at 10.15 am on Tuesday. A bench comprising Judicial Member Ashok Kumar Bhardwaj…
Joe Rechichi, the chief executive at Cucina Hospitality Group, has been in business for four decades but says nothing compares with what he has experienced over the past few years, not least because of the immense day-to-day uncertainty. “I call it BC and AC – Before Covid and After Covid,” says Rechichi, who oversees three…
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NCLAT hearing in Subhash Chandra case may test limits of ‘commercial wisdom’ against statutory scrutiny ETLegalWorld.com Read the original article here
MT Educare postpones 20th AGM to Sep 30, 2026; revises book closure scanx.trade Read the original article here
Netalis counts Iliad’s founder among new investors after insolvency proceedings French B2B operator Netalis has recently changed hands following insolvency proceedings filed by its main shareholder Nasca group, reports Alloforfait citing a statement from the group’s president, Nicolas Guillaume. The new owner, a company named NetR, has been created to acquire the operator’s assets and…
Two self-proclaimed financial experts have gone silent after about three years of persuading investors to put money into their business deals. Lim Jian Bin, 36, and Jason Fong Wai Hong, 46, would drive Lamborghinis and wear expensive watches to meet potential investors, The Straits Times (ST) reported. On social media and at wealth seminars,…
Zee Entertainment Enterprises Ltd (ZEEL) shares came under renewed selling pressure on Monday, extending their decline for the fourth consecutive trading session as the dispute over the insolvency resolution of Zee Group founder Subhash Chandra moves to the National Company Law Appellate Tribunal (NCLAT). The stock fell as much as 14.3% during intraday trade to…
Zee Entertainment Enterprises Ltd (ZEEL) shares came under renewed selling pressure on Monday, extending their decline for the fourth consecutive trading session as the dispute over the insolvency resolution of Zee Group founder Subhash Chandra moves to the National Company Law Appellate Tribunal (NCLAT). The stock fell as much as 14.3% during intraday trade to…