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Interview of our Founder & Managing Partner with CEO Insights Magazine The Indian legal industry has been witnessing a paradigm shift in tune with the technological advancements and evolving policies, over the past few years. Besides in the light of changing capital...

Sharma & Sharma, Advocates & Legal Consultants awarded as Top 10 Legal Consultants of 2020 by CEO Insights Legality remains a formidable factor for running businesses. The hidden complex meanings in a business contract, laws favorings the consumers’ protection, and...

Adhunik faces Liquidation risk Adhunik Metaliks, the Calcutta-based beleaguered steel maker, may face liquidation after Liberty House of the UK failed to make an upfront payment to the creditors within the stipulated time. The National Company Law Tribunal (NCLT)...

Jai Balaji case: HC recalls winding-up order; SBI to pursue insolvency plea Providing relief to State Bank of India in the case of defaulting Jai Balaji Industries (JBIL), the Calcutta High Court has recalled its winding-up order against the debt-laden steel producer. In...

Adhunik Metaliks: Lenders negotiating with UK-based Liberty House to raise offer After Adhunik Metaliks (AML) received additional time to complete the ongoing insolvency resolution process, lenders are now negotiating with UK-based Liberty House — the highest bidder — for...

Adhunik Metaliks: NCLT keeps issue of additional time open According to a source close to the development, “Edelweiss ARC’s plan was rejected in the first round of bidding for Adhunik Metaliks, and in the second round, the company did not submit its plan.” The...

Adhunik Metaliks: NCLT allows 20 more days to complete insolvency process Bankrupt Adhunik Metaliks has received an additional 20 days to complete the ongoing insolvency resolution process. The Kolkata bench of the National Company Law Tribunal (NCLT) on Friday ordered...

NCLT orders resumption of mining by OMML The Kolkata bench of the National Company Law Tribunal (NCLT) on Thursday said the director of mines’ order of stoppage of mining operations during the moratorium period for the firm was ‘illegal’ and ‘inoperative’. Even as the...

Cop probing sex abuse of 4-year-old in school removed A city court has ordered the removal of the officer, investigating last year’s alleged sexual assault of a lower nursery student inside her school toilet, for “dereliction of duty” and asked for departmental...

Why Ramsarup Industries admitted under IBC despite ICICI Bank objections The Kolkata bench of the National Company Law Tribunal (NCLT) has admitted a petition filed by steelmaker Ramsarup Industries for initiating the corporate resolution process, even as India’s largest...