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Reverse mergers gain ground on the expressway to public markets

Industry experts see a growing trend of companies scouring for listed entities admitted for corporate insolvency with intentions of a reverse merger ....

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Madras High Court: Adjudicating Authority Must Exercise Jurisdiction Akin To Revisional Jurisdiction To Assess The Correctness Of COC's Actions

The Madras High Court bench of Justice N. Seshasayee held that though the Adjudicating Authority may not substitute the commercial wisdom of the Committee of Creditors ( CoC ), however, it must . ....

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Suraksha Group takes control of bankrupt Jaypee Infratech

In a big relief to over 20,000 homebuyers, Suraksha Group has taken control of the debt-ridden realty firm Jaypee Infratech by constituting a three-member board and will soon infuse Rs 125 crore equity fund to start construction of stalled housing projects across Delhi-NCR.

The takeover follows ....

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Supreme Court Quarterly Civil Digest 2024

Supreme Court Quarterly Civil Digest 2024Abuse of Process of Law Special Leave Petitions - Several matters, wherein the special leave petitions are filed either against the order seeking adjournment. ....

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HDFC Bank, others take over 96% haircut in Adani Goodhomes-Radius Estates deal

With the NCLAT upholding the NCLT ruling, this has become the latest case where creditors have been forced to take substantial haircut in bankruptcy cases ....

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