Future Enterprises defaults on ₹15.73 cr interest dues on NCDs

2 years, 3 months ago

Future Enterprises defaults on ₹15.73 cr interest dues on NCDs

Live Mint

Kishore Biyani's Future Enterprises announced defaulting on over ₹15.73 crore interest dues on non-convertible debentures. As per the regulatory filing, Future Enterprises defaulted on interest dues of more than ₹15.73 crore for period from March 21, 2022 to September 19, 2022. While the gross principal amount on which Future Enterprises defaulted is ₹327 crore --- of which ₹130.60 crore is for series XVI-C and ₹196.40 crore for series XVI-D. In another development today, Future Enterprises announced receiving approval for extension for holding Annual General Meeting by three months.

Future Interest Crore Series Enterprises Future Enterprises Interest Dues defaults interest crore agm debentures series enterprises dues xvic ncds 1573 date future cr

History of this topic

Future Enterprises defaults on ₹4.10 crore interest payment for NCDs

2 years, 5 months ago

Future Enterprises defaults on ₹4.10 crore interest payment for NCDs

The Hindu

Debt-ridden Future Enterprises Ltd. has defaulted on interest payment of ₹4.10 crore for its non-convertible debentures. “The company is unable to service its obligations in respect of the interest on non-convertible debentures was due on June 24, 2022,” it said. Earlier this week, FEL defaulted twice on interest payments of ₹85.71 lakh and ₹6.07 crore for its non-convertible debentures. FEL …

Future Lifestyle Fashions defaults on NCD payments

4 years, 1 month ago

Future Lifestyle Fashions defaults on NCD payments

Live Mint

Future Lifestyle Fashions on Monday reported default on payments for its non-convertible debentures. In a regulatory filing, the company said it has defaulted on "Payment of annual interest of ₹30.93 crore for the period between 10 November 2019 to 09 November 2020." The company had requested the debenture holders to extend the date of payment of annual interest and principal …

Discover Related

Indian mutual fund industry set for multi-fold growth in 2025, driven by retail investor optimism: ICRA

1 day, 15 hours ago

Indian mutual fund industry set for multi-fold growth in 2025, driven by retail investor optimism: ICRA

Live Mint

The Indian mutual fund industry, which has witnessed a 135 per cent surge in net inflows and nearly 39 per cent growth in net AUM over the last year, is likely to experience a multi-fold growth in the coming year, with India being a bright spot in the global economy, said ICRA Analytics' recent report. The total inflows into mutual …

Growth Indian Mutual Funds 2024 Crore Cent Funds

2024 IPOs: Ones that flew over the market's best

1 day, 17 hours ago

2024 IPOs: Ones that flew over the market's best

Hindustan Times

Indian companies have reportedly raised a record ₹1.6 lakh crore from their Initial Public Offerings in 2024 so far. These IPOs also include ones such as Hyundai Motor India's historic ₹ 27,870 crore IPO, which is India's largest ever Though these also include ones such as Hyundai Motor India's historic ₹27,870 crore IPO, which is India's largest ever, one may …

India Price Crore Issue Gained Ipo Closing

₹1 penny stock completes raising of funds through NCDs. Details here

4 days, 10 hours ago

₹1 penny stock completes raising of funds through NCDs. Details here

Live Mint

Penny stock Standard Capital Markets on Friday, December 20, informed through an exchange filing on the BSE that its board of directors approved the issuance of non-convertible debentures on a private placement basis for ₹15 crore. "The board of directors of the company in its meeting held on December 20, has approved the allotment of 1,500 unrated, unlisted, secured NCDs …

Company Penny Stock Standard Capital Markets

Date Of Default In Case Of Personal Guarantor Depends On Terms Of Contract Of Guarantee: NCLAT

5 days, 13 hours ago

Date Of Default In Case Of Personal Guarantor Depends On Terms Of Contract Of Guarantee: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Barun Mitra has held that the liability of a borrower and guarantor is co-extensive but the liability of a Guarantor stems from the contract of guarantee and therefore the date of default in the case of the guarantor depends on the terms of contract of guarantee. Since …

Personal Bank Application Respondent Notice Date Demand

Net direct tax collections rise 16.5%

6 days, 2 hours ago

Net direct tax collections rise 16.5%

The Hindu

With a little over three months left in 2024-25, India’s net direct tax collections were up 16.5%, crossing ₹15.82 lakh crore by December 17, with non-corporate taxes leading the growth. Data shared by the Central Board of Direct Taxes on Wednesday showed that gross tax receipts had grown 20.3% so far this year to cross ₹19.21 lakh crore, with corporate …

Tax Taxes Corporate Taxes Crore Lakh Pit Receipts

300% return in one year! Multibagger penny stock below Re 1 issues NCDs worth ₹500 crore

6 days, 13 hours ago

300% return in one year! Multibagger penny stock below Re 1 issues NCDs worth ₹500 crore

Live Mint

Penny stock: Standard Capital Markets, a non-banking financial company, announced the issuance of non-convertible debentures worth ₹500 crore. Out of ₹500 crore worth of NCDs, the company said it has successfully raised and strategically deployed ₹130 crore towards enhancing and expanding the company's operations. Following this development, Standard Capital Markets share price was trading in the green, up 1.04 per …

Capital Ncd Penny Stock Standard Capital Markets

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25

1 week, 1 day ago

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25

Live Mint

New Delhi, December 16 : The government has realised ₹8,625 crore through various minority stake sale disinvestments so far during the current financial year 2024-25, MoS Finance Pankaj Chaudhary informed Lok Sabha on Monday in a written reply. 8,625 crore through various minority stake sale disinvestment transactions during the current financial year," the minister said in his written reply in …

Disinvestment Strategic Cpse Strategic Disinvestment

Hinduja Group to close RCap deal by end January: A.P. Hinduja

1 week, 2 days ago

Hinduja Group to close RCap deal by end January: A.P. Hinduja

Live Mint

Mumbai: The Hinduja Group expects to complete the ₹9,861 crore acquisition of Reliance Capital by the end of January, nearly a year after the National Company Law Tribunal approved its rescue plan for the bankrupt lender. IndusInd International Holdings Ltd, the Hinduja Group company that submitted the resolution plan, said it has received all regulatory approvals, including from the Department …

India Capital End Crore Nclt Group Approval

Petition U/S 7 Of IBC Cannot Be Barred For Default Committed Prior To S.10A Period: NCLAT

1 week, 5 days ago

Petition U/S 7 Of IBC Cannot Be Barred For Default Committed Prior To S.10A Period: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan, Barun Mitra and Arun Baroka has held that when default has been committed by the Corporate Debtor prior to Section 10A period, any default committed during the Section 10A period cannot be held to bar the application which is filed on the basis of default prior to Section 10A and subsequent …

Corporate Interest Tribunal Period Date Petition Default

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

2 weeks ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

India Crore Sector Banks Gross Outstanding Npas

Religare Enterprises share price hits 52-week high as RBI allows Burman family to raise stake in Company

Trending News

2 weeks ago

Religare Enterprises share price hits 52-week high as RBI allows Burman family to raise stake in Company

Live Mint

Religare Enterprises Limited achieved a milestone on Monday, with its shares surging to a 52-week high after at ₹304.60, on December 10, after receiving the Reserve Bank of India's approval for the Burman family's proposed stake increase, as per an exchange filing. Religare Enterprises share price was trading in the green, up 4.21 per cent, at ₹289.30, on December 10, …

Share Price Company Rbi Stake Enterprises Burman Religare

IBC Weekly Round Up [2nd December To 8th December, 2024]

2 weeks, 1 day ago

IBC Weekly Round Up [2nd December To 8th December, 2024]

Live Law

Nominal Index: Harsh Mehta Versus Securities and Exchange Board of India and Ors., WRIT PETITION NO. 737, 783 of 2024 Mr. Gajjala Yoganand versus Mr. Birendra Kumar Agarwal and Ors., IA No.373 of 2024 in CP No.296/7/HDB/2022 M/s Avani Towers Private Limited vs. M/s Energy Properties Private Limited, IA No. Related Party Can't Be Allowed Backdoor Entry Into CoC On …

India Insolvency Resolution Corporate Debtor Title Technical Resolution Professional

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

2 weeks, 4 days ago

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra has held that upon declaration of the loan account/ debt as NPA that date can be reckoned as the date of default to enable the Financial Creditor to initiate action under Section 7 of the Code. There being default by the Corporate Debtor prior to 01.03.2020 and also …

Corporate Bank Application Debt Period Date File

If Interest On Principal Amount Crosses Threshold Limit, Application U/S 7 Of IBC Can Be Admitted: NCLAT

3 weeks, 3 days ago

If Interest On Principal Amount Crosses Threshold Limit, Application U/S 7 Of IBC Can Be Admitted: NCLAT

Live Law

The NCLAT Delhi bench of Justice Yogesh Khanna and Mr. Ajai Das Mehrotra has affirmed that if interest on the principle amount disbursed to the corporate debtor crosses the threshold limit as provided under section 4 of the IBC, application under section 7 of the code can be admitted as interest is considered to be a disbursal against time value …

Corporate Financial Corporate Debtor Application Debt Interest Limit

December 2024 money deadlines: Belated ITR, free Aadhaar update, special FD rates revision, and key dates you MUST know

Trending News

3 weeks, 4 days ago

December 2024 money deadlines: Belated ITR, free Aadhaar update, special FD rates revision, and key dates you MUST know

Live Mint

Many financial deadlines are approaching as we are just a month away from the new year. From revised FD rates to deadlines related to Aadhaar updates and income tax returns, people need to keep a few dates in mind in December. Under this FD scheme, the general public will get interest rates of 7.05%, 7.25%, 7.35%, and 7.20% for 300 …

Aadhaar Bank Interest Rates Interest Rates Itr Update

Key financial deadlines in December 2024: Aadhaar updates, ITR filing and more | Check details

3 weeks, 4 days ago

Key financial deadlines in December 2024: Aadhaar updates, ITR filing and more | Check details

India TV News

As December approaches, it's essential to be aware of key financial deadlines that can significantly impact your personal finances. AU small finance bank credit card changes – December 22, 2024 AU Small Finance Bank has announced changes to its Ixigo AU credit card’s reward points system. Additionally, the bank is removing reward points for international transactions and implementing a zero …

Financial Aadhaar 2024 Reward Points Itr Deadline Deadlines

IBC Weekly Round-Up [18th November To 24th November 2024]

4 weeks ago

IBC Weekly Round-Up [18th November To 24th November 2024]

Live Law

Nominal Index Siti Networks Ltd. vs. Rajiv Suri NO. Versus Shri Sutanu Sinha Case Reference: Company Appeal No.1927 of 2024 The NLCAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra held that no interest on principal amount can be claimed if there is no clause to this effect in the agreement executed between the parties. The Tribunal further …

Justice Appeal Corporate Insolvency Corporate Debtor Title Company

CEAT Share Price Today on 22-11-2024: CEAT share price are up by 1.66%, Nifty up by 1.15%

1 month ago

CEAT Share Price Today on 22-11-2024: CEAT share price are up by 1.66%, Nifty up by 1.15%

Live Mint

CEAT Share Price Today on 22-11-2024: At 22 Nov 12:32 today, CEAT shares are trading at price ₹2799.8, 1.66% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days …

Price Stock Share Sma Ceat Ceat Share Price

Protean eGov Technologies share price crashes 10% as OFS by NSE Investments for 20.3% stake sale starts today

1 month ago

Protean eGov Technologies share price crashes 10% as OFS by NSE Investments for 20.3% stake sale starts today

Live Mint

Stock Market Today: Protean eGov Technologies share price crashed 10% on Friday, November 22 as an offer for sale by NSE Investments for a 20.3% stake sale starts opened today. Protean eGov Technologies share price opened at ₹1,690 on the BSE on Friday, more than 8% lower than the previous close of ₹1,849.75. NSE Investments Ltd, a non-promoter shareholder of …

Price Share Technologies Ofs Protean Protean Egov Technologies Egov

CEAT Share Price Today on 13-11-2024: CEAT share price are down by -2.3%, Nifty down by -1.36%

1 month, 1 week ago

CEAT Share Price Today on 13-11-2024: CEAT share price are down by -2.3%, Nifty down by -1.36%

Live Mint

CEAT Share Price Today on 13-11-2024: At 13 Nov 16:01 today, CEAT shares are trading at price ₹2706.85, -2.3% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days …

Price Stock Share Sma Ceat Ceat Share Price

Recall Notice Issued During Cut-Off Period U/S 10A Of IBC Doesn't Alter Date Of Default If Default Occurred Before Cut-Off Period: NCLAT

1 month, 2 weeks ago

Recall Notice Issued During Cut-Off Period U/S 10A Of IBC Doesn't Alter Date Of Default If Default Occurred Before Cut-Off Period: NCLAT

Live Law

The National Company Law Appellate Tribunal, New Delhi bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr. Indevar Pandey has held that the issuance of a recall notice during the cut off period specified under Section 10A does not defer the date of default if the default occurred before 25.03.2020. The Tribunal noted that the recall notice issued …

Corporate Corporate Debtor Recall Tribunal Period Notice Default

Baazar Style Share Price Today on 05-11-2024: Baazar Style share price are down by -0.61%, Nifty up by 0.91%

1 month, 2 weeks ago

Baazar Style Share Price Today on 05-11-2024: Baazar Style share price are down by -0.61%, Nifty up by 0.91%

Live Mint

Baazar Style Share Price Today on 05-11-2024: At 05 Nov 16:01 today, Baazar Style shares are trading at price ₹342.8, -0.61% down from the previous closing price. On the technical front, the stock is trading above the 10,50,100,300 days SMA & lower than the 5,20 day SMA. The stock will have support at 10,50,100,300 days SMA & face resistance at …

Price Sma Baazar Style

ACME Solar Holdings IPO: Grey market premium declines to nil as subscription date nears

1 month, 2 weeks ago

ACME Solar Holdings IPO: Grey market premium declines to nil as subscription date nears

Live Mint

ACME Solar Holdings IPO: ACME Solar IPO opens for subscription on Wednesday, November 6. ACME Solar Holdings IPO GMP or grey market premium that stood at ₹30 on Friday has declined to Nil on Monday. ACME Solar Holdings IPO key dates Subscriptions for ACME Solar Holdings' initial public offering will open on November 6, 2024, and end on November 8, …

Market Solar Premium Issue Ipo Holdings Acme

NCLAT Rejects Section 7 Application Despite Clear Binding Precedent: Canara Bank vs. GTL

1 month, 3 weeks ago

NCLAT Rejects Section 7 Application Despite Clear Binding Precedent: Canara Bank vs. GTL

Live Law

The NCLAT bench affirmed that a petition under section 7 of the IBC cannot be rejected merely on the ground that there are chances of the amount being recovered from other proceedings which will satisfy the entire debt of the creditors. The tribunal further observed that the ratio of the Vidharbha ruling cannot be applied mechanically without satisfying itself as …

Law NCLAT IBC Debt and Default New Delhi

Top 5 Stocks to Watch for Diwali 2024: A Religare Broking Analysis

1 month, 3 weeks ago

Top 5 Stocks to Watch for Diwali 2024: A Religare Broking Analysis

Live Mint

The article highlights 5 stock picks for Samvat 2081 by Religare Broking. These stocks include State Bank of India, Titan Company Ltd, ITC Ltd, Berger Paints India Ltd, and Jyothy Labs Ltd. State Bank of India is recommended to be bought at around ₹782 with an upside of 20.3%. Titan Company Ltd is recommended to be bought at ₹3271 with …

NCLAT Rejects RP's Attempt to Pay Pre-CIRP Dues to Creditors

1 month, 4 weeks ago

NCLAT Rejects RP's Attempt to Pay Pre-CIRP Dues to Creditors

Live Law

The NCLAT New Delhi Bench of Justices Ashok Bhushan and Arun Baroka has held that the assets of the Corporate Debtor are to be taken over by the Resolution Professions for resolution of the Corporate Debtor. The RP has to make every endeavour to protect and preserve the value of the property of the Corporate Debtor. Payment of pre-CIRP dues …

Law Finance Corporate IBC New Delhi

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors

2 months ago

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors

Live Mint

The news article focuses on several Indian stocks, highlighting positive financial performances and potential gains. While some companies like Bajaj Housing Finance, Cyient DLM, and Union Bank of India saw significant increases in their net profits, others like Mahindra Logistics and Aurum PropTech reported net losses. Ola Electric's IPO is expected to be a major highlight in the Indian stock …

Entertainment Law Technology Finance

Shapoorji firm Afcons gets SEBI nod for ₹7000 crore IPO

3 months, 1 week ago

Shapoorji firm Afcons gets SEBI nod for ₹7000 crore IPO

The Hindu

Afcons Infrastructure Ltd, the infrastructure, engineering and construction company of the Shapoorji Pallonji group said it had received final observation from the capital markets regulator, Securities and Exchange Board of India, for its ₹7,000 crore initial public offering. Proceeds from the fresh issue to the extent of ₹150 crore will be used for capital expenditure towards purchase of construction equipment; …

Crore Ipo

Adani Enterprises launches ₹800 crore NCD issue with interest rates up to 9.90% and green shoe option. Check details

3 months, 3 weeks ago

Adani Enterprises launches ₹800 crore NCD issue with interest rates up to 9.90% and green shoe option. Check details

Live Mint

NCD Issue: Adani Enterprises Limited has launched a public issue of secured, rated, listed, redeemable, non-convertible debentures valued at ₹1,000 each, aiming to raise ₹400 crore initially. The company has also included a green shoe option, allowing for an oversubscription of up to ₹400 crore, bringing the total potential issue size to ₹800 crore, as per an exchange filing. Medium-term …

Interest Rates Interest Cent Ncd Bse Ncds

NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital

4 months, 1 week ago

NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital

Live Mint

The National Company Law Tribunal on Monday instructed the Reserve Bank of India and the Department of Industrial Policy and Promotion to expedite approvals necessary for Hinduja-owned IndusInd International Holdings Ltd to complete its acquisition of the insolvent Reliance Capital. This directive followed a petition by the Hindujas seeking an extension of the timeline set by the tribunal in its …

Resolution Capital Plan Joshi Rbi Reliance Reliance Capital

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

4 months, 3 weeks ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

Crore Sbi Compared Net Profit Net Npas

NCLT Orders Liquidation Of Future Retail

4 months, 3 weeks ago

NCLT Orders Liquidation Of Future Retail

Live Law

The National Company Law Tribunal Mumbai bench ordered the liquidation of Future Retail Limited marking the end of the company's long-standing presence in India's retail market. The decision was made by a bench comprising Judicial Member Kuldip Kumar Kareer and Technical Member Anil Raj Chellan who held that the corporate insolvency resolution process exceeded its maximum permissible period without any …

Retail Future Resolution Plan Nclt Coc Cirp

Q1 2024-25 results today: ICICI Bank, PNB, IDFC First Bank, Dr. Reddy's Laboratories, REC, MCX, check full list

4 months, 3 weeks ago

Q1 2024-25 results today: ICICI Bank, PNB, IDFC First Bank, Dr. Reddy's Laboratories, REC, MCX, check full list

Hindustan Times

Around 30 companies are slated to announce their first quarter results for the financial year 2024-25 on Saturday, July 27. These include companies like ICICI Bank, IDFC Bank, REC Ltd, and Dr. Reddy's Laboratories. 3P Land Holdings, Alankit, Alkali Metals, Anant Raj, Asahi Songwon Colors, BWL, Dr. Reddy's Laboratories, Finolex Industries, Genus Power Infrastructures, Gujarat Cotex, ICICI Bank, IDFC First …

India Bank Reddy Icici Bank Mcx Rec Rec Ltd

Watch: Budget 2024 | What’s in it for markets and investors?

5 months ago

Watch: Budget 2024 | What’s in it for markets and investors?

The Hindu

On July 23, the Finance Minister Nirmala Sitharaman presented the first full budget of the 3rd term of the NDA government. For deepening tax base the Finance Minister has proposed to increase Securities Transaction Tax on Futures and Options contracts to 0.2% and 0.1%, respectively. As per the budget proposals now unlisted bonds and debentures, debt mutual funds and market-linked …

Finance Tax Capital Gains

Direct tax mop-up rises 20% to ₹5.74 lakh cr on higher corporate advance tax

5 months, 1 week ago

Direct tax mop-up rises 20% to ₹5.74 lakh cr on higher corporate advance tax

The Hindu

Net direct tax collection grew 19.54% to over ₹5.74 lakh crore so far this fiscal on higher advance tax payment by corporates. The net direct tax collection of ₹5,74,357 crore includes CIT at ₹2,10,274 crore and PIT at ₹3,46,036 crore, as per data released by Central Board of Direct Taxes on July 13. During the same period last year, net …

Tax Crore Direct Lakh Collection Direct Tax

Direct tax collections for FY 2024-25 surge by over 20%

6 months ago

Direct tax collections for FY 2024-25 surge by over 20%

Hindustan Times

The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent. As per the provisional figures up to June 17, 2024, the net direct tax collections for FY 2024-25 have reached ₹4,62,664 crore. The net collections …

Tax Income Direct Tax Collections Crore Direct Increase Pit

SP group firm Goswami’s high-yield debt sees ratings cut

6 months, 3 weeks ago

SP group firm Goswami’s high-yield debt sees ratings cut

Live Mint

Financing plans of Shapoorji Pallonji group have received a setback with Care Ratings cutting the credit rating of group company Goswami Infratech Pvt. “The rating continues to remain tempered by the low operating cash flows of GIPL, with the entity being holding company and no major cashflow in form of interest/dividend either received in past or expected in the period …

Care Crore Group Rating Goswami Ncds Sp Group

NCLAT Delhi: Absence Of GST Refund/ITC Claim In Demand Notice Or Form 5 By OC Can't Become Ground Of Default For CIRP U/S 9 Of IBC

7 months, 1 week ago

NCLAT Delhi: Absence Of GST Refund/ITC Claim In Demand Notice Or Form 5 By OC Can't Become Ground Of Default For CIRP U/S 9 Of IBC

Live Law

The National Company Law Appellate Tribunal Delhi, comprising Justice Ashok Bhushan, Mr. Barun Mitra, and Mr. Arun Baroka held that if no Goods and Services Tax refund/ Input Tax Credit claim has been included in the Demand Notice under Section 8 of Insolvency and Bankruptcy Code, 2016 or in Form 5 by the Operational Creditor, the same cannot become a …

Delhi Corporate Operational Debt Notice Demand Nclt

DLF aims 15% growth in sales bookings at ₹17,000 crore this fiscal

7 months, 1 week ago

DLF aims 15% growth in sales bookings at ₹17,000 crore this fiscal

Hindustan Times

Realty major DLF has set a 15% growth target in sales bookings this fiscal at ₹17,000 crore as it plans to launch many luxury housing projects across Gurugram, Goa and Mumbai amid strong consumer demand, its MD Ashok Tyagi said. DLF has set a 15% growth target in sales bookings this fiscal at ₹ 17,000 crore as it plans to …

Mumbai Housing Sales Company Gurugram Crore Fiscal

Muthoot Finance arm Belstar Microfinance files for Rs 1300 crore IPO

7 months, 2 weeks ago

Muthoot Finance arm Belstar Microfinance files for Rs 1300 crore IPO

New Indian Express

MUMBAI: Belstar Microfinance, an arm of the largest gold loan company Muthoot Finance, has filed the final documents with the regulator Sebi for its initial share sale which seeks to raise up to Rs 1,300 crore. Apart from lending to women self help groups under the microfinance model, the Chennai-based firm also offers loans to micro enterprises, small enterprises, funding …

Finance Crore Muthoot Finance

Noida struggles to recover ₹8,300 crore dues from commercial real estate project developers

7 months, 3 weeks ago

Noida struggles to recover ₹8,300 crore dues from commercial real estate project developers

Hindustan Times

The Noida authority is struggling to recover land cost dues from owners of commercial projects with most of the project owners filing for bankruptcy and facing trial before the National Company Law Tribunal, said senior Noida authority officials, adding that the 10 big defaulters together owe the authority at least ₹8,300 crore. Authority officials said the defaulter realtors have either …

Real Estate Land Commercial Project Noida Nclt Real

NCLAT Delhi; IBC Does Not Provide Any Scope For Dissatisfied Homebuyers In Minority To Override Majority Decision Of COC

8 months, 3 weeks ago

NCLAT Delhi; IBC Does Not Provide Any Scope For Dissatisfied Homebuyers In Minority To Override Majority Decision Of COC

Live Law

The National Company Law Appellate Tribunal New Delhi, comprising Justice Ashok Bhushan and Mr. Barun Mitra, has held that the IBC does not provide any scope for dissatisfied homebuyers in the minority to override the majority decision taken by the Committee of Creditors. The NCLT Mumbai, in its order dated 06.10.2023, dismissed the application filed by the appellant and approved …

Mumbai Resolution Homebuyers Project Respondent Class Ors

Macrotech Developers to raise ₹125 cr through issue of debentures

8 months, 3 weeks ago

Macrotech Developers to raise ₹125 cr through issue of debentures

Hindustan Times

Mumbai-based real estate major Macrotech Developers Ltd, that sells properties under the Lodha brand, said on March 28 that it will raise ₹125 crore through the issue of non-convertible debentures. Mumbai-based real estate major Macrotech Developers Ltd that sells properties under the Lodha brand, said on March 28 that it will raise ₹ 125 crore through the issue of non-convertible …

Mumbai Real Macrotech Developers Lodha 125 Cr

India's Net Direct Tax Collections Rise 20 Per Cent to Rs 18.9 Lakh Crore

9 months ago

India's Net Direct Tax Collections Rise 20 Per Cent to Rs 18.9 Lakh Crore

ABP News

The direct tax collection of the Centre after adjusting for refunds has grown 19.88 per cent annually to Rs 18.9 lakh crore in FY2023-24, compared to the corresponding period of the preceding Financial Year, where collections amounted to Rs 15.7 lakh crore. This substantial rise in net collections primarily comprises Corporation Tax at Rs 9.1 lakh crore and Personal Income …

India Tax Direct Tax Collections Crore Direct Cent Lakh

India’s direct tax collections grow 20 per cent for financial year 2023-24

9 months ago

India’s direct tax collections grow 20 per cent for financial year 2023-24

India TV News

Business news: The net direct tax collection grew 19.88 per cent to over Rs 18.90 lakh crore till March 17 on higher advance tax mop-up. The Central Board of Direct Taxes said net direct tax collection of Rs 18,90,259 crore includes Corporation Tax at Rs 9,14,469 crore and Personal Income Tax, including Securities Transaction Tax at Rs 9,72,224 crore. Advance …

India Direct Tax Collections Crore Direct Cent Lakh Grow

SBI Card declares interim dividend of ₹2.50/share for FY24

9 months ago

SBI Card declares interim dividend of ₹2.50/share for FY24

Live Mint

SBI Cards and Payment Services on March 19 declared an interim dividend of ₹2.50 per equity share for FY23-24, it said in a filing with the exchanges. SBI Card Q3 results: Net profit rises 8% to ₹ 549 crore SBI Card on January 25 declared financial results for Q3FY24 ended December 31, 2023. The State Bank of India-backed credit card …

Card Crore Cent 2023 Sbi Sbi Card Interim Dividend

Direct tax kitty crosses 97% of 2023-24 target

9 months ago

Direct tax kitty crosses 97% of 2023-24 target

The Hindu

Growth in India’s net direct tax collections slowed a bit over the past month but with a kitty of more than ₹18.9 lakh crore, more than 97% of the revised target for 2023-24 had been met by March 17, as per provisional figures released by the Finance Ministry on Tuesday. Personal Income Taxes, including the Securities Transaction Tax, continued to …

Tax Crore Ministry Pit

MCA raises thresholds for merger regulation

9 months, 2 weeks ago

MCA raises thresholds for merger regulation

Live Mint

New Delhi: Businesses seeking to merge will need permission from the Competition Commission of India only if their combined assets and turnover cross higher thresholds set out on Friday. Since the 2016 revision of thresholds, transactions between businesses with combined assets of ₹2,000 crore or ₹6,000 crore turnover in India alone had warranted CCI approval. In the case of businesses …

India Assets Sales Crore Billion Threshold Cci

Punjab FM flays Centre for withholding funds, as he presents budget

9 months, 2 weeks ago

Punjab FM flays Centre for withholding funds, as he presents budget

The Hindu

Punjab Finance Minister Harpal Singh Cheema on Tuesday presented the Aam Aadmi Party government’s budget proposal for the year 2024-25 with a total outlay of ₹2,04,918 crore, focusing on education, health and agriculture. “Withholding of the rightful share of the State, totaling ₹8,000 crore approximately, on account of National Health Mission, Rural Development Fund, Mandi Development Fund, and Special Assistance …

Budget State Crore Punjab Centre Gsdp Cheema

Bajaj Auto buyback for raising up to ₹4,000 crore to open on March 6

9 months, 2 weeks ago

Bajaj Auto buyback for raising up to ₹4,000 crore to open on March 6

Live Mint

Bajaj Auto buyback: Bajaj Auto share buyback for raising up to ₹4,000 crore will open on March 6 and close on March 13. Bajaj Auto buyback price is set at ₹10,000 per share, which is around 24% higher than its Monday’s closing price of ₹8,042.75 apiece. The company’s board had approved to buyback up to 40,00,000 fully paid-up equity shares …

Equity Auto Share Bajaj Auto Bajaj Shares Buyback