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Tata Consumer Products completes merger of three wholly-owned subsidiaries in India

TCPL has merged its wholly-owned subsidiaries Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz LtdNew Delhi: FMCG maker Tata Consumer Products Ltd (TCPL) has merged its three wholly-owned subsidiaries after getting approval from NCLT and other...

NCLT approves Oberoi Realty’s resolution plan for Nirmal Lifestyle Realty

The company said it will pay Rs 230 crore to the creditors of the bankrupt firmNew Delhi: Oberoi Realty on Monday said the National Company Law Tribunal has approved its resolution plan for Nirmal Lifestyle Realty, and it will...

NCLT orders insolvency proceedings against Coffee Day Enterprises

The Bengaluru bench of the NCLT admitted the plea filed by IDBITSL claiming a default of Rs 228.45 crore and appointed an interim resolution professional to take care of the operation of Coffee Day EnterprisesNew Delhi: Corporate dispute tribunal...

NCLT orders liquidation of Kishore Biyani-led Future Retail as resolution eludes

The Mumbai bench of NCLT appointed Sanjay Gupta as the liquidator in the matterMumbai: The National Company Law Tribunal on Monday allowed the liquidation of Kishore Biyani-led Future Retail as the maximum period of the corporate insolvency resolution process...

Khadim India distribution business demerger by September, margin to improve by 100-200 bps

Khadim India had earlier announced the decision to segregate its distribution business and manufacturing activities into KSR Footwear Ltd (KFL)New Delhi: Leading footwear company Khadim India Ltd is expecting to complete the demerger of its distribution business by September...

Strata acquires Cafe Coffee Day Headquarters in Bengaluru for Rs 150 crore

The CCD headquarters has a built-up area of over 1 lakh sqft spread across 11 floors with each floor measuring around 9,000 sq. ft.Mumbai: Commercial real estate investment platform Strata on Monday acquired the 11-storey Cafe Coffee Day (CCD)...

Liberty Shoes removes executive director Adesh Kr Gupta after NCLT sets aside his plea

Gupta, who along with some other shareholders holds 5.83 per cent of the company, had filed a plea under Section 244 of the Companies Act, 2013, seeking waiver in requirements to file a plea alleging oppression and mismanagementNew Delhi:...

Future Retail lenders reject Space Mantra’s bid; NCLT extends insolvency period for 15 days

The Resolution Plan submitted by Space Mantra for Future Retail Ltd (FRL), failed to get the required number of votes in the e-voting process of the Committee of creditors (CoC)New Delhi: The lenders of Future Retail Ltd have rejected...

Future Retail: NCLT extends deadline till September 15 for completing insolvency process

The Insolvency & Bankruptcy Code (IBC) mandates the completion of CIRP within 330 days, which includes time taken during litigations New Delhi, Sep 12 (PTI) The National Company Law Tribunal (NCLT) has extended the deadline to September 15 for completion of...

Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent transaction

The application "has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP," said a regulatory filing from Future Retail Ltd (FRL)New Delhi: The...
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Digital Icon : Rakesh Bali

Rakesh Bali is at the helm of brand marketing, communications, events, and sustainability-related marcom initiatives for the petrochemicals segment...
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