News digest: E-way bill, UltraTech moves NCLT, PNB fraud, and more

Small orders that are part of a large consignment out for multiple deliveries within a state may not require an e-waybill in the GST regime

UltraTech takes fight for Binani Cement to NCLT after bid rejection 

The Aditya Birla group’s UltraTech Cement moved to the National Company Law Tribunal (NCLT) in Kolkata on Tuesday against the resolution professional for Binani Cement after its bid for the cement company undergoing insolvency proceedings was rejected.

The Kumar Mangalam Birla company had earlier served a notice to the resolution professional asking for details on the weight given to its bid as compared to the winning bid by a consortium consisting of Dalmia Bharat and Bain Capital’s India Resurgent Fund and Piramal Enterprises. Read more here...

Weakness in banking