Ex-Andhra Pradesh Chief Minister YS Jagan Mohan Redy and his sister YS Sharmila Reddy are fighting over inheritance worth crores. including shares (worth about Rs 19,000 each as of Thursday) in Saraswati Power and other firms, and 20 acres of land in Bengaluru’s Yelahanka. The sibling war made headlines earlier this week when they exchanged … Read more
Last Updated:October 24, 2024, 16:35 IST The events coinciding with the details mentioned in the former CM’s petition confirmed that the stand-off between Jagan and Sharmila widened after the latter chose to float her party in Telangana in 2021 and then join the Congress to lead it in Andhra Pradesh According to a source close … Read more
A bankruptcy court Wednesday admitted Jammu and Kashmir Bank’s application to initiate insolvency proceedings against Essel Infraprojects Ltd, a company promoted by media baron Subhash Chandra, over what the lender claimed was an ‘established case’ of default. The Mumbai bench of the National Company Law Tribunal (NCLT), while admitting the company, has also appointed Hemant … Read more
Mumbai: The Pre-packaged Insolvency Resolution Process (PPIRP) has resulted in the full settlement of operational creditors’ claims in five cases. They are – Amrit India, Sudal Industries, Shri Rajasthan Syntex, Enn Tee International and GCCL Infrastructure and Projects. The government enacted the Insolvency and Bankruptcy Code (IBC) in August 2021 and introduced the PPIRP for … Read more
“ZEEL held several deliberations and good faith negotiations with Culver Max and BEPL, with a view to consider an extension of the merger completion timeline, that did not materialise,” the company said. | Photo Credit: Reuters The ZEE Entertainment Enterprises Limited (ZEEL) board which meet in Mumbai on January 22 took on record communications received … Read more
