Fortis chronicles: Shivinder Singh moves NCLT against elder brother Malvinder. He has alleged “oppression and mismanagement” of their joint business.
Infra firm Sunil Hitech to be put under insolvency proceedings. The petitioner is American Express which claims that the firm owes it around Rs45cr for corporate credit card usage.
JSW Steel, promoters procure around 88% stake in Monnet Ispat.The NCLT earlier approved a Rs2,875cr bid by a consortium led by JSW Steel to acquire the bankrupt Monnet Ispat & Energy, which owes over Rs11,000cr to some lenders.
Vodafone Idea set to move TDSAT for recovering Rs7,249cr from DoT. It claims that DoT had forced it to pay up before clearing the sector's largest M&A.
Emami Infrastructure is planning to modify its memorandum of association by manufacturing crude drugs and raw materials, pharmaceutical preparations, aerated and mineral waters and similar other preparation.
L T Foods’ arm Nature Bio Foods received an equity funding of Rs140crore from Rabobank’s India Agri Business Fund II.
National Green Tribunal directed NBCC to submit a report on the revival of the Purana Qila lake in Delhi after a plea alleged that the project was being undertaken in a manner, which would damage the environment.
Sun Pharma Advanced Research has released deadlines for the USFDA to review its two new drugs ‘Xelpros’ and ‘Elepsia’ as November 2018 and January 2019, respectively, as per media reports.
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