Led
NCLT directs initiation of insolvency proceedings against Syska LED Lights
The National Company Law Tribunal (NCLT) has has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor -- Sunstar Industries. Syska LED Lights, part of Pune-based SSK Group, operates in segments such as LED lights, personal care appliances, mobile accessories, home appliances, and smart watches. The Mumbai bench of NCLT admitted the plea filed by Sunstar Industries, claiming total dues of Rs 7.70 crore and has appointed Debashis Nanda as the interim resolution professional suspending the board of Syska LED Lights, as per the provisions of the Insolvency & Bankruptcy Code (IBC). It rejected Syska LED Lights' claims of a pre-existing dispute and said the e-mail exchanged between parties establishes its liability towards its operational creditor. "We are of the considered view that the applicant has been able to establish the existence of operational debt and its default on the part of the corporate debtor and ...
 "NCLT directs initiation of insolvency proceedings against Syska LED Lights")
IKIO Lighting makes strong debut on bourses, rises 40% on listing day
The initial public offering of IKIO Lighting was subscribed to 66.3 times
 "IKIO Lighting makes strong debut on bourses, rises 40% on listing day")
Samsung develops 'MicroLED on Silicon' to replace glass for AR headset
Samsung is reportedly developing "MicroLED on Silicon" (LEDoS) for augmented reality (AR) headsets
 "Samsung develops 'MicroLED on Silicon' to replace glass for AR headset")
Centre to soon launch 600 Kisan Samriddhi Kendras to benefit farmers
Fertilizer shops to act as one-stop solution provider for all need of growers
 "Centre to soon launch 600 Kisan Samriddhi Kendras to benefit farmers")
Way forward for Indian white goods manufacturers
-The future looks promising
 "Way forward for Indian white goods manufacturers")
Apple to reportedly launch iMac Pro with M1 chip, Mini-LED display
The base model of the iMac Pro will feature 16GB of RAM and 512GB of storage, which can be upgraded to a much more capable configuration
 "Apple to reportedly launch iMac Pro with M1 chip, Mini-LED display")
Failure of Ludhiana LED project will dissuade private participants: Tata
Tata Projects Limited said on Monday that the failure of the LED project in Ludhiana will dissuade private participants in future public-private partnership (PPP) projects
 "Failure of Ludhiana LED project will dissuade private participants: Tata")
Govt revises PLI scheme guidelines for white goods: Check details here
The budgetary outlay for the scheme is Rs 6,238 crore
 "Govt revises PLI scheme guidelines for white goods: Check details here")
Cabinet approves Rs 6,238 crore PLI scheme for air-conditioners, LED lights
Local manufacturers may delay investments in building capacity to assemble
 "Cabinet approves Rs 6,238 crore PLI scheme for air-conditioners, LED lights")
11 million streetlights installed under Ujala, SLNP schemes: EESL
State-owned EESL said that over 366.9 million LED bulbs have been distributed under the Unnat Jyoti by Affordable LEDs for All (Ujala) scheme
 "11 million streetlights installed under Ujala, SLNP schemes: EESL")
Govt scraps 5% import duty on open cell TV panel to boost manufacturing
Open cell panel is an important part of TV manufacturing and cover more than half cost of the unit
 "Govt scraps 5% import duty on open cell TV panel to boost manufacturing")
LED lights makers ask govt to go slow on Ujala procurement
Cite stress on their captive distribution channel, expanded capacities
Gujarat expects to save 6.5 bn power units through Ujala
Will distribute 120 mn LED bulbs through four state-owned discoms in coordination with EESL
 "Gujarat expects to save 6.5 bn power units through Ujala")
