Page 2 - Veena Mani

NSEL case: P Chidambaram, 2 others to face Rs 10,000-crore lawsuits

The company has alleged three of them destroyed the exchange ecosystem to favour its competitors, resulting in huge losses for its shareholders

Insolvency code amendment on cards to ensure NCLT-approved plans are obeyed

Section 29 (A) introduced to debar errant promoters and related parties from placing resolution plans

NeSL has records of two-thirds of loans given by lenders, creditors

NeSL has data from banks, non-banking finance companies, mutual funds and insurance companies

Govt likely to water down conditions for prosecution under CSR rules

The move to dilute prosecution norms could be viewed distinctly from the govt's efforts to tighten the screws on CSR

Kotak Investment Advisors not keen to pick equity in Jaypee Infratech

The deadline to submit proposals to revive the realty firm has been extended till February 15

NITI panel to suggest price control of drugs outside NLEM, says Paul

Committee chairman says NPPA should be made independent and stronger

IL&FS entities to be sold individually instead of whole company together

Govt likely to cite the current situation, including availability of funds in escrow accounts of certain IL&FS companies, for seeking the special dispensation

Jaypee Infratech bid: Creditors & NBCC differ on upfront cash infusion

At a recent meeting of the committee of creditors of Jay­pee Infratech, NBCC argued that upfront cash infusion into the company should not be the criteria for selecting a bidder

No need to hear out 3rd party during insolvency admission, NCLAT tells NCLT

In its order, the NCLAT also asked NCLT Kolkata to admit insolvency application moved against Odisha Slurry Pipeline Infrastructure if there is a clear case of debt owed to the bank

No need to hear third party during insolvency admission: NCLAT tells NCLT

NCLAT observation came during a case where admission was pending for 10 months

ICAI pulls up three firms even as govt moves to strip it of its powers

Once the NFRA starts investigating cases against listed entities and big unlisted corporates, the ICAI will lose the power to look into these companies and their auditors

Govt plans major amendments to Competition Act, may curtail CCI's powers

Multiple Benches of CCI instead of one centralised bench in Delhi likely

7 firms in a fix after bidders fail to implement resolution plan under IBC

Non-serious bidders are a cause for concern, but delays have been as much a worry for time-bound resolution of stressed assets under the IBC

NCLT removes auditor for the first time under new Companies Act

The NCLT has removed the statutory auditor of Zen Shaving and allowed the Ministry of Corporate Affairs to appoint an independent director in his place

Drugs for rare diseases, ones innovated in India to go out of price control

Around 17 per cent of the Rs 1.2-trillion domestic pharma market is currently under price control

Govt finds serious financial irregularities in Burnpur Cement accounts

Ministry recommends further probe 'to safeguard interests of public shareholders'

CoC, RP faced with grey areas in IBC as bidders hold-up plan implementation

At least seven resolutions at stake as bidders raise issues

Cabinet approves an ordinance to alter Companies Act to declog NCLTs

This move was recommended so as to bring down the NCLT's load

IL&FS crisis: SFIO may probe irregularities in inter-corporate deposits

IL&FS has in aggregate Rs 38.5 billion of unsecured loans, with commercial paper accounting for the biggest chunk at Rs 20 billion

NSEL scam: SFIO asks for delisting of 63 Moons Technologies from bourses

The SFIO also suggested that the I-T department probe 148 brokers