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Articles for Educomp

Assets Of Subsidiary Can't Be Treated As Assets Of Holding Company In CIRP: NCLAT Sets Aside Order Directing Fresh Valuation Of Assets
1 month, 3 weeks ago

Assets Of Subsidiary Can't Be Treated As Assets Of Holding Company In CIRP: NCLAT Sets Aside Order Directing Fresh Valuation Of Assets

Live Law  

The National Company Law Appellate Tribunal New Delhi bench comprising Justice Rakesh Kumar Jain and Mr. Naresh Salecha has observed that the assets of a subsidiary company cannot be treated as part of the assets of its holding company in a Corporate Insolvency Resolution Process. The Tribunal held that the Adjudicating Authority does not have the jurisdiction to direct fresh …

Singapore Corporate Debtor Assets Order Resolution Professional Company Tribunal
Mere Breach Of Contract Cannot Constitute Cheating Unless Dishonest Intention Is Shown At Beginning Of Transaction: Delhi High Court
4 months, 1 week ago

Mere Breach Of Contract Cannot Constitute Cheating Unless Dishonest Intention Is Shown At Beginning Of Transaction: Delhi High Court

Live Law  

The Delhi High Court has observed that a mere breach of contract does not give rise to criminal prosecution of cheating unless a fraudulent or dishonest intention is shown at the beginning of the transaction. It stated that a mere breach of contract cannot give rise to a criminal cheating case unless dishonest intention is shown. Subsequent conduct of the …

Contract Spa Court Criminal Cheating Breach Offence
Monthly Digest Of IBC Cases: October 2023
1 year, 4 months ago

Monthly Digest Of IBC Cases: October 2023

Live Law  

Supreme Court The Supreme Court bench comprising Justices S Ravindra Bhat and Aravind Kumar, has held that homebuyers cannot be treated differently from other "financial creditors" under the Insolvency and Bankruptcy Code 2016 just because they have secured orders from the authority under the Real Estate Act 2016. 799 of 2023 The National Company Law Appellate Tribunal, Principal Bench, New …

Law India Summer Vacation Supreme Court Property National Corporate Debtor
Patna High Court Appoints Justice Mridula Mishra As Arbitrator In Educomp Solutions Vs BSEDC Dispute
1 year, 8 months ago

Patna High Court Appoints Justice Mridula Mishra As Arbitrator In Educomp Solutions Vs BSEDC Dispute

Live Law  

The Patna High Court has appointed Justice Mridula Mishra, its former judge, as an independent arbitrator to resolve the ongoing dispute between Educomp Solutions Ltd and Bihar State Electronics Development Corporation Limited. During the hearing, the petitioner cited Article 21 of the Arbitration Agreement and specifically highlighted that when the matter was referred to the Bihar Public Works Contract Disputes …

Arbitration Dispute Court Tribunal Educomp Solutions
Application By Chairman Of Monitoring Committee For CIRP Of Corporate Debtor's Debtor, Maintainable: NCLT Delhi
2 years, 9 months ago

Application By Chairman Of Monitoring Committee For CIRP Of Corporate Debtor's Debtor, Maintainable: NCLT Delhi

Live Law  

The National Company Law Tribunal, New Delhi Bench, comprising of Shri Abni Ranjan Kumar Sinha and Shri Hemant Sarangi, while adjudicating an application in Educomp Infrastructure & School Management Ltd. v Millenium Education Foundation, has held that a Chairman of Monitoring Committee can file and application under IBC for initiating Corporate Insolvency Resolution Process against the Corporate Debtor's debtor. The …

Corporate Monitoring Application Committee Chairman Ibc Cirp
Education stocks lose investor fancy
8 years, 1 month ago

Education stocks lose investor fancy

Live Mint  

Mumbai: Shares of companies in the education sector have tumbled from their respective record highs over the last few years as investors became wary of the high leverage and dwindling profits plaguing the sector. “Most of these companies, in the process of expanding, ended up with high leverage, which hurt them,” said Deven Choksey, group managing director at KR Choksey …

Education Companies High Treehouse Educomp Solutions Choksey Mt Educare
Educomp lenders looking at strategic debt restructuring
9 years, 2 months ago

Educomp lenders looking at strategic debt restructuring

Live Mint  

Mumbai: Lenders to digital education provider Educomp Solutions Ltd are mulling conversion of debt to a majority equity holding under the strategic debt restructuring scheme, two bankers in the know confirmed. The SDR option, introduced by the Reserve Bank of India in June, allows banks to convert part of their debt to majority equity in a defaulting firm, allowing them …

Debt Company Cdr Sdr Educomp Educomp Solutions Lenders Looking
With analytics, cricket means more fun, more business: Educomp IT Head Somnath Mukherjee
9 years, 11 months ago

With analytics, cricket means more fun, more business: Educomp IT Head Somnath Mukherjee

Firstpost  

“Apart from keeping fans happy, it also helps players and moreover the coaches to have in-depth analysis of performance of every player,” Mukherjee explains. Leveraging analytical capabilities, the World Cup 2015 was truly a fan-friendly affair, as analytics helped cricket lovers enjoy the ease in which they received live score and in-depth analysis. As Indian cricket fans are all set …

Business Mukherjee Analytics Cricket World
Building schools no longer a priority for education services firms
10 years, 6 months ago

Building schools no longer a priority for education services firms

Live Mint  

Shares of Educomp Solutions Ltd fell after the company in a note to BSE denied that it is in talks to sell schools. But while Educomp may not be actively pursuing monetization efforts, building schools is no longer a priority for the company that has gone through corporate debt restructuring. “The focus now is on direct to consumer delivery of …

Schools K12
Education companies: long road to recovery
11 years, 3 months ago

Education companies: long road to recovery

Live Mint  

Shares of education services companies Career Point Ltd, Educomp Solutions Ltd and Everonn Education Ltd are pale shadows of their former selves. In line with its new promoters’ core expertise in school management, the company has decided to focus on K12 schools and technology-based education services. To reduce losses, Everonn will slowly exit the higher education and capital intensive businesses, …

Business Education Educomp Solutions Career Point Everonn Education
Educomp exits Eurokids Intl
12 years ago

Educomp exits Eurokids Intl

The Hindu  

Educomp Solutions on Tuesday said it had sold its entire 50 per cent stake in Eurokids International to a group of investors led by GPE India for an undisclosed sum. “This transaction is an important milestone for the business transformation agenda that is currently underway,” Educomp Solutions Chairman and Managing Director Shantanu Prakash said in a statement on Tuesday. Mr. …

Eurokids Educomp Exits
Thud: Edu-shares Everonn and Educomp hit the skids
13 years, 6 months ago

Thud: Edu-shares Everonn and Educomp hit the skids

Firstpost  

While Everon hit the lower circuit, Educomp fell as it had to defer its fund-raising plans. On Friday, Everonn Education hit the lower circuit on-down 20 percent at Rs 350.65-on the news of the company’s managing director being arrested in a bribery case. Educomp closed lower 3.41 percent at Rs 197.05 on news of the company deferring its $250-million fund …

Company Crore Nearly Rs Educomp Everonn Nearly
Stock Check: Educomp goes back to the board room
13 years, 8 months ago

Stock Check: Educomp goes back to the board room

Firstpost  

This time too, the stocks moved in a way that was broadly in line with our predictions. We had a sell call on Jet Airwaysbelow Rs 485.40 with a target of Rs 471. The stock touched a low of Rs 474.15 on Friday, but closed the day higher, triggering our stop loss of Rs 486. National Aluminiumwas a sell call …

Stock Target Low Sell