Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT

The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates…

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Eternal Initiates Liquidation Of Zomato Netherlands

SUMMARY Zomato’s parent Eternal announced that its step-down subsidiary in the Netherlands, Zomato Netherlands, has initiated its liquidation process Zomato Netherlands’ turnover was nil in FY24, while its net worth stood at INR 32 Lakh. The liquidation of the subsidiary is expected to be completed within one year With this, Zomato has effectively shut down…