Amazon moves Supreme Court in Future-Reliance deal dispute

Justice Midha had directed FRL and other parties to maintain status quo till pronouncement of the reserved order

Chinese banks may get Rs 7k crore from RCom resolution plan, DoT to get zero proceeds

The NCLT had directed the DoT to file their submission by Friday, when the matter will be heard

The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI.

The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.

The government view is that the insolvency tribunal has no jurisdiction to pass such probe orders.

The Rs 10,000 crore fund will be provided to projects that are 60 per cent complete and those looking for “last-mile” funding.

Scheme will become effective after the company files the certified copy of the NCLT order along with the amalgamation scheme.

Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore.

The Dutch Court Administrator has also agreed before NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.