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NCLT admits personal insolvency application against Kishore Biyani

The admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the guarantor. But it does not give the resolution professional (RP) the right to take control of the personal assets of the guarantor. Following the ruling, the RP will invite claims from lenders and also validate them.

Sensex dives over 500 points: Rs 2 08L cr investor wealth lost; EKI, TechM, Berger Paints down up to 5%

Broader markets also came under pressure as BSE mid-cap and small-cap indices turned into the red. Weakness in global equities markets on fears of higher interest rates and surging crude prices weighed on domestic investor sentiments. India VIX, fear index, spiked 11 per cent to 12.86-level.

Sensex dives over 550 points: Rs 1 47L cr investor wealth lost; GTL Infra, Metro Brands, HDFC Bank down up to 5%

As many as 10 stocks hit their 52-week lows today. BSE stocks such as AF Enterprises, AKI India, Best Eastern Hotels, Bheema Cements and Future Lifestyle Fashions hit their respective one-year low levels. That said, 159 stocks touched their one-year high levels today.

Sensex dives over 800 points: Rs 2 6L cr investor wealth lost; Cressanda Solutions, UCO Bank, IOB down up to 7%

As many as 10 stocks hit their 52-week lows today. BSE stocks such as AF Enterprises, AKI India, Best Eastern Hotels, Bheema Cements and Future Lifestyle Fashions hit their respective one-year low levels. That said, 159 stocks touched their one-year high levels today.

Future Retail RP says BOI cannot initiate any action against company under IBC

Future Retail RP says BOI cannot initiate any action against company under IBC
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