The board of IDFC First Bank presented the result of voting on the proposal for amalgamation before the NCLT. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First Bank Shareholders and non-convertible debenture … Read more
After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The Mumbai bench of the National Company Law Tribunal (NCLT) has given its nod to Metalyst Forgings’ acquisition by Deccan Value Investors LP-led … Read more
Screen grab Mumbai: Zee Entertainment Enterprises (ZEE) has decided to withdraw a merger implementation application filed before the Mumbai branch of the National Company Law Tribunal (NCLT). The application was filed by ZEE on January 24, seeking directions on the implementation of the Composite Scheme of Arrangement between ZEE, Culver Max Entertainment Pvt. Ltd. and … Read more
Zee Entertainment logo | Photo Credit: Reuters ZEE Entertainment Enterprises Ltd on Tuesday said it has withdrawn its application, seeking implementation of the merger with Sony, filed before the National Company Law Tribunal Mumbai bench. The company filed an application with the NCLT on January 24, 2024, seeking directions on the implementation of a composite … 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
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