NCLAT asks IL&FS to give details of debt-ridden group’s dues

The National Company Law Appellate Tribunal (NCLAT) Friday asked the government and the IL&FS to provide financial details, including amounts payable to creditors, regarding 13 group entities. A two-member bench headed by Chairman Justice S J Mukhopadhaya also clarified that there was no stay on the government to proceed with the resolution plan for IL&FS […]

Pakistan okays plan to open Sharda Peeth corridor for Hindu pilgrims in PoK

The Pakistan government on Monday approved a proposal to establish a corridor that will allow Hindu pilgrims from India to visit Sharda Peeth, an ancient Hindu temple and cultural site in Pakistan-occupied Kashmir, according to a media report. The Sharda Peeth corridor, when opened, will be the second religious tract after Kartarpur corridor in Pakistan-controlled […]

Govt moves NCLT seeking immunity for directors of IL&FS subsidiaries

The government on Monday filed an application with the National Company Law Tribunal (NCLT) here, seeking immunity for the newly-appointed directors of the subsidiaries of the crippled IL&FS group from any future adverse outcomes. It can be noted that soon after taking over the company after its defaults and appointing a new board last October, […]

Reliance Infrastructure to sell Delhi-Agra road project to Cube Highways

Anil Ambani led Reliance Infrastructure announced a sale agreement with Cube Highways and Infrastructure for its Delhi-Agra toll road project from Rs 3600 crore. “Reliance Infrastructure has signed a definitive binding agreement with Cube Highways and Infrastructure III for the sale of its 100% stake in Delhi-Agra (DA) Toll Road. Cube Highways and Infrastructure III […]