Maulik Vyas

India: Patanjali only suitor for Ruchi Soya as Adani opts out

Patanjali Ayurved, the second-highest bidder, has informed the NCLT that it is still willing to match the bid by Adani Wilmar.

From AI to blockchain, Indian law firms add new practice areas to stay ahead of peers

.Indian law firms are developing newer practice areas – from forensic to AI and from blockchain to defence advisory – to keep pace with the evolving nature of businesses.

NCLT restrains former IL&FS officials from disposing of personal assets

NCLT directed Ravi Parthasarathy, A.K. Saha, Hari Sankaran, G. Ramachandran, R.C. Bawa, S. Rengarajan, Mukund Sapre, Pradeep Puri, and Vibhav Kapoor to disclose their assets in an affidavit.

UltraTech’s revised bid for Binani Cement gets NCLAT approval

UltraTech’s revised proposal was an improvement from the Rs 7,200 crore offer it made just after the deadline for bidding ended.

Govt presents broad revival plan for IL&FS including divestment, debt rejig

It is mainly considering three options, resolution at the group level, sale of business verticals, or sale of individual assets.

ArcelorMittal faces hurdle as StanChart files caveat in Essar Steel case

Standard Chartered Bank has approached the dedicated bankruptcy court by filing caveat petition in the Essar Steel insolvency case as dissenting financial creditor, so that it can be heard before the tribunal decides on the bid of ArcelorMittal.

Videocon promoter moves NCLT seeking stay on inviting bids for group cos

The tribunal had admitted the insolvency petition against the Videocon Industries Ltd on 7 June.

IL&FS takeover done, Indian government to focus now on financials

The government has superseded the IL&FS board and appointed six new directors—including Uday Kotak and ICICI Bank’s G.C. Chaturvedi—to restore confidence in the financial markets

Matrix, Resurgence PE fight to recover debt from Maharana Infrastructure

Matrix Partners and Resurgence PE Investments are fighting to retrieve Rs190 crore from Kanpur-based Maharana Infrastructure and Professional Services Ltd.

India: T. Rowe Price withdraws UTI Mutual Fund shareholding case

T. Rowe Price has sought to withdraw its petition since issues raised by the firm was addressed and an assurance has been given by the Indian government.