NCLT

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After 22 years, McDonald's posts its first-ever profit in India
Business

After 22 years, McDonald's posts its first-ever profit in India

22 long years after it started its business in India, global fast-food chain McDonald's posted its first-ever profit in the country.
Government takes over debt-ridden financial firm IL&FS after NCLT nod
Business

Government takes over debt-ridden financial firm IL&FS after NCLT nod

The National Company Law Tribunal (NCLT) today allowed the Union Government's interim prayer to reconstitute the Board of Infrastructure Leasing & Financial Services Ltd (IL&FS).
Fortis' co-founder Shivinder Singh sues elder brother, snaps business ties
Business

Fortis' co-founder Shivinder Singh sues elder brother, snaps business ties

Co-Founder of Fortis Healthcare, Shivinder Mohan Singh filed a lawsuit against his elder brother Malvinder Mohan Singh on Tuesday on grounds of "oppression and mismanagement" in their joint businesses: RHC Holding, Religare and Fortis.
Tata vs Cyrus Mistry: NCLT rules in Tata Sons' favor
Business

Tata vs Cyrus Mistry: NCLT rules in Tata Sons' favor

In what seems to be a decisive verdict in the Tata Sons-Cyrus Mistry case, the Mumbai bench of the National Company Law Tribunal (NCLT) has ruled in favor of Tata Sons, dismissing Mistry's pleas challenging his removal as the chairman of the group.
Videocon: PM Modi, SC, Brazil responsible for Rs. 39,000cr debt
Business

Videocon: PM Modi, SC, Brazil responsible for Rs. 39,000cr debt

Videocon Industries Ltd., with its massive Rs 39,000cr debt, is facing bankruptcy proceedings after the National Company Law Tribunal (NCLT) admitted a plea from lenders last week, led by the State Bank of India.
Rs. 30,000cr might be recovered from resolution under IBC: SBI
Business

Rs. 30,000cr might be recovered from resolution under IBC: SBI

State Bank of India, the country's largest lender, expects to recover around Rs. 30,000cr from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said.
Know all about the Insolvency and Bankruptcy Code 2016
Business

Know all about the Insolvency and Bankruptcy Code 2016

Insolvency and Bankruptcy Code 2016 is one of the biggest economic reforms adopted by India. It is a rare example of a much-needed law which has witnessed speedy roll-out and implementation.

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