IBC’s identity crisis
It has been more than two years since India’s newest law for dealing with bankrupt companies was ratified. Yet, it remains unclear what is its purpose.
It has been more than two years since India’s newest law for dealing with bankrupt companies was ratified. Yet, it remains unclear what is its purpose.
NCLAT’s remarks came while admitting a petition by the Confederation of All India Traders who have appealed the Competition Commission of India’s nod to Walmart’s purchase of a 77% stake in Flipkart.
NCLAT says Numetal’s revised bid without Rewant Ruia as a partner is valid; gives time till Tuesday to ArcelorMittal to clear dues of companies where its promoter and the steelmaker held a stake.
Anil Ambani will finally breathe easy as the last legal hurdle to his debt-ridden company’s deal with Mukesh Ambani-led Jio has been crossed.