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Sebi extends undertaking about not taking action against Subhash Chandra till April 30

The Securities and Exchange Board of India (Sebi) on Wednesday extended its earlier statement in the Bombay High Court that it will not take any action against Essel Group chairman Subhash Chandra for three weeks, in connection with the summons it had issued. ....

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CFM ARC invokes corporate guarantee issued by Reliance Power for Vidarbha Industries Power

Reliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CFM ARC became the new and sole lender of Vidarbha Power after it acquired loans from lenders at Rs 1,265 crore in an all-cash deal. ....

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axis bank: Anil Ambani-owned Vidarbha Industries moves Bombay High Court against lenders' move to auction company's debt

Banks led by Axis Bank have scheduled a Swiss Challenge auction to sell principal debt of ₹2,569 crore and $27.7 million in overseas currency loans of the distressed power company on August 8. ....

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Anil Ambani-owned Vidarbha Industries moves Bombay High Court against lenders' move to auction company's debt

Anil Ambani-owned Vidarbha Industries moves Bombay High Court against lenders' move to auction company's debt
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Will put on hold 'fit and proper' notices to stock broker companies till August 2: SEBI to Bombay High Court

SEBI has told Bombay High Court that till August 2, it will not insist on compliance with notices sent under the SEBI (Intermediaries) Regulations requiring intermediaries to comply with "fit and proper person" criteria. ....

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