Timely updates on legal developments, judiciary announcements, and regulatory changes.
Crompton Greaves Consumer Electricals (plaintiff) is a publicly listed company duly incorporated under the Companies Act, 2013, with its registered office in Mumbai.
A recent deal under India's insolvency law has sparked debate. Vedanta Group appealed after Adani Enterprises acquired Jaiprakash Associates Limited. Creditors reportedly favoured Adani's bid for higher upfront payments. This raises questions about fairness and the process. The system needs to consider all stakeholders, not just financial metrics.
It further said an application under Section 12A of Insolvency and Bankruptcy Code (IBC) for withdrawal of CIRP can be filed only after issues between the flat buyers and the realty firm are "resolved and any settlement is entered". It shall be open for the flat buyers to file an application under Section 12A.
The approval follows Emirates NBD Bank, the second largest in UAE, expressing its interest in October 2025 to acquire a majority 60 per cent stake in RBL Bank for Rs 26,853 crore.
DAC Forms Legal Advisory Council: S Basavaraj & Anik M Iktear Uddin To Lead As Lifetime Fellows Republic World
This mechanism was discontinued effective April 1, 2025, due to concerns regarding the equitable treatment of shareholders and implications arising from the then-prevailing taxation framework.
Earlier, on July 30, 2024, NCLT had approved a resolution plan for PIL by a consortium of Crown Steels and Sunrise Industries. As per the plan, DMRC was required to revive the concession agreement in favour of PIL in full force and effect without any additional liability towards the bidder.
In a public notice on Thursday, SLCM said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges".
Last week, the lender announced that Emirates NBD Bank had secured approval from the Central Bank of the United Arab Emirates for its proposed acquisition of a majority stake in the Indian bank.
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