In what appeared to be a landmark move, India introduced class action lawsuit through Section 245 of the Companies Act of 2013; but it has remained a purely theoretical concept for 11 long years. Are things beginning to change?
In 2020, Reserve Bank of India (RBI) imposed crippling restrictions on HDFC Bank, India’s largest bank by market-capitalisation, sending shock waves throughout the banking industry.
The Union government has asked the board of Infrastructure Leasing and Financial Services Ltd (IL&FS) to recover excess remuneration worth Rs150 crore paid to the former directors of IL&FS Financial Services Ltd (IFIN) and IL&FS Transport Network (ITNL).
The Tripura State Electricity Corporation Limited (TSECL) is to get over Rs 100 crore as outstanding payment for supplying electricity to Bangladesh, top officials said on Wednesday.TSECL Managing Director Debasish Sarkar said that over Rs 100 .