On May 16, 2023, the Mumbai bench of National Company Law Tribunal (NCLT) had directed initiation of a Corporate Insolvency Resolution Process (CIRP) against Tulip Hotels over a plea filed by Yes Bank, claiming a default of Rs 900 crore for two corporate guarantees issued by it.
National Company Law Appellate Tribunal has upheld the insolvency proceedings against Tulip Hotels, which had defaulted on Rs 450 crore corporate guarantees given for Cox & Kings and EzeeGo One Travel & Tours each
The National Company Law Appellate Tribunal (NCLAT) upheld insolvency proceedings against Tulip Hotels for defaulting on Rs 450 crore corporate guarantees given for Cox & Kings and EzeeGo One Travel & Tours. Yes Bank initiated the process over a plea for Rs 900 crore default.
Kerala Govt Offers Training in Law Entrance for Tribal Students : Rashtra News #Kerala #Govt #Offers #Training #Law #Entrance #Tribal #Students In light of the fact that the Scheduled Tribe (ST) community does not show that much participation in the legal profession, the District Legal Services Authority in Kerala has developed a training programme named
IBREL recently raised more than Rs 3,911 crore through a preferential allotment to a diverse group of investors, including Embassy Group and Blackstone. Embassy Group will be the largest shareholder in IBREL, with 18.7% ownership on a fully diluted basis.