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Jaypee Infra Insolvency: Lenders Ask NBCC To Take Govt, Regulatory Nod On Resolution Plan

NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire debt-laden Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court.

Amazon Moves SC For Stay On Delhi HC Order Till Verdict On Future-Reliance Deal Dispute

BW Online Bureau

Companies & Markets

Amazon had moved the Supreme Court after the single judge had passed an interim order on February 2, 2021 staying the deal and the division bench had on February 8, 2021 stayed the operation of the order over the plea filed by FRL.

BSNL, MTNL Yet To Clear AGR Dues Of Over Rs 10,000 Cr

BW Online Bureau

Companies & Markets

BSNL and MTNL were not party to the litigation in the AGR case before the apex court, but the telecom PSUs were named in DoT's list of companies from whom dues were to be recovered.

NBCC, Suraksha Group Submit Revised Bids To Acquire Jaypee Infratech Through Insolvency

BW Online Bureau

Companies & Markets Sector Reports

The NBCC got approval from the National Company Law Tribunal (NCLT) to acquire Jaypee Infratech and complete around 20,000 pending flats over the next three and half years.

DoT Files Affidavit Before Supreme Court On AGR Payments

BW Online Bureau

Economy

The apex court had asked telcos to make 10 per cent of the upfront payment of their dues by March 31 to the DoT while the remaining amount is to be paid over a ten-year period starting April 1, 2021.

Govt Approves Issuance Of Electoral Bonds From April 1-10

BW Online Bureau

Companies & Markets

An electoral bond will be valid for 15 days from the date of issue. No payment would be made to any payee political party if the bond is deposited after expiry of the validity period, as per the statement.

SC Dismisses Pleas To Stay Sale Of Electoral Bonds Ahead Of Assembly Polls

BW Online Bureau

Economy India

While reserving its order on the NGOs' applications, the apex court on March 24 had flagged the issue of possible misuse of funds received through electoral bonds by political parties for illegal purposes like terrorism.

Ratan Tata Hails SC Judgement To Set Aside NCLAT Order Restoring Mistry's Position At Tata Group

BW Online Bureau

Companies & Markets Sector Reports

Mistry had raised issues related to corporate governance and transparency, alleged Rs 22 crore fraudulent transactions involving non-existent entities in India and Singapore in Tatas' joint venture with Air Asia.

SC Sets Aside NCLAT Order Restoring Cyrus Mistry As Executive Chairman Of Tata Group

BW Online Bureau

Companies & Markets

The Tata Group had vehemently opposed the allegations and denied any wrongdoing, saying the board was well within its right to remove Mistry as the chairman.

SC Dismisses Plea To Stay Sale Of Electoral Bonds Ahead Of Assembly Polls

BW Online Bureau

Economy India

A bench headed by Chief Justice S A Bobde declined to stay sale of the electoral bonds as sought in the application moved by the NGO, Association for Democratic Reforms.

Uber To Give UK Drivers Workers' Rights After Court Defeat

BW Online Bureau

Companies & Markets Sector Reports

The Silicon Valley-based company said its drivers in London, by far its largest market in Europe, earn 17 pounds an hour on average and the flexibility to choose if, when and where they work will be retained.

NGO Moves SC, Seeks Appointment Of Regular CBI Director

BW Online Bureau

Economy India

Referring to an earlier judgement of the apex court, the plea said the top court had directed that Director Generals of Police (DGP) in the states should have a minimum tenure of at least two years irrespective of his date of superannuation.