Meesho closes $550 million round; moves NCLT to shift domicile, ET LegalWorld
Ecommerce firm Meesho has closed another $250-$270 million in financing with new investors Tiger Global, Think Investments, Mars Growth Capital joining an ongoing capital raise, taking the round’s total to about $550 million, majority of which is in secondary, people aware of the development told ET. The SoftBank- and Prosus-backed ecommerce firm has also filed […]
Noida Toll Bridge moves SC seeking review of order barring it from collecting toll on DND flyway, ET LegalWorld
The Noida Toll Bridge Company Ltd (NTBCL) has moved the Supreme Court seeking a review of its December order that barred it from collecting toll charges on the Delhi-Noida Direct (DND) flyway, a vital route connecting Delhi and Noida, Uttar Pradesh. In a big relief to commuters, the Supreme Court had on December 20 upheld […]
Ex-judge moves HC over gratuity payment for serving as dy Lokayukta, ET LegalWorld
The Madhya Pradesh High Court has served a notice to the principal accountant general, Gwalior, on a petition filed by retired judge and former deputy Lokayukta Umesh Chandra Maheshwari seeking direction for his gratuity payment. A division bench of Chief Justice SK Kait and Justice Vivek Jain issued notices while hearing the former judge’s plea […]
Creditors approve Winsome Yarn’s insolvency plan; Moves NCLT for further approval, ET LegalWorld
The Winsome Yarn Limited’s Committee of Creditors (COC) has approved with the requisite majority, through e-voting, in accordance with the provisions of the Insolvency & Bankruptcy Code, 2016, the Resolution Plan being filed by M/s Mohini Health & Hygiene Limited. The Resolution Professional has applied for approval of the COC approved Resolution Plan with the […]
Texmaco Rail moves NCLT to restore insolvency plea against Delhi Airport Metro Express, ET LegalWorld
Texmaco Rail & Engineering has approached the National Company Law Tribunal (NCLT) seeking to restore its insolvency petition filed against Delhi Airport Metro Express. Delhi Airport Metro Express Pvt Ltd (DAMEPL) is a special-purpose vehicle in which Anil Ambani’s Reliance Infrastructure Ltd owned 95 per cent holding and the remaining 5 per cent was with […]
P Chidambaram moves Delhi HC against INX media chargesheet cognisance, ET LegalWorld
Former union minister P Chidambaram on Wednesday moved the Delhi High Court challenging the cognisance of money laundering charges against him by a trial court in the INX Media case and argued the mandatory sanction to prosecute him wasn’t obtained. Senior counsel N Hariharan appearing for the Congress leader argued that in 2021, when the […]
Indrani Mukerjea moves SC, seeks permission to travel abroad, ET LegalWorld
Former media executive Indrani Mukerjea, accused of killing her daughter Sheena Bora, has moved the Supreme Court challenging the Bombay High Court ruling denying her to travel abroad. A special court on July 19 allowed Mukerjea’s plea to travel to Spain and the UK for 10 days between intermittent periods over the next three months. […]
Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors, ET LegalWorld
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and […]
Raheja Developers moves NCLAT against insolvency, Legal News, ET LegalWorld
Raheja Developers on Wednesday moved before the appellate tribunal NCLAT to challenge the initiation of insolvency proceedings against the realty firm over default on non-delivery of its Gurugram-based Shilas project. On Tuesday, the Principal Bench of the National Company Law Tribunal (NCLT) admitted a plea filed by over 40 of its flat allottees of Sector […]
SEBI Chief Buch skips PAC meeting, BJP moves speaker over chair Venugopal’s conduct, ET LegalWorld
SEBI chairperson Madhabi Puri Buch skipped a Parliament’s Public Accounts Committee meeting on Thursday, prompting panel head K C Venugopal to postpone the sitting, with NDA members accusing him of taking unilateral decisions and lodging a protest with the Lok Sabha speaker. Venugopal told reporters that the committee received a communication from Buch at 9.30 […]