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sterling biotech: NCLAT dismisses PNB s plea against sale of Sterling Biotech to US-based Perfect Day

The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea from a UK-based subsidiary of Punjab National Bank against the approval of the sale of Sterling Biotech to US-based food technology startup Perfect Day. The Mumbai bench of the NCLT approved a Rs 638 crore bid of Perfect Day in an auction conducted by the liquidator of Sterling Biotech under the Insolvency & Bankruptcy Code.

Here are the latest updates and the big news stories to follow today

Here are the latest updates and the big news stories to follow today
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

IDBI Bank challenges NCLT order on Zee before NCLAT: Best Media Info

IDBI Bank challenges NCLT order on Zee before NCLAT: Best Media Info
bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.

idbi bank: IDBI Bank moves NCLAT against Zee; challenges NCLT order

IDBI bank has moved the National Company Law Appellate Tribunal (NCLAT) against Zee Entertainment to challenge an NCLT order, which rejected the private lender s plea to initiate insolvency proceedings against the media major. IDBI s petition has been listed for hearing on Wednesday before a bench comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra.

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