Expert Legal Guidance, Strategic Business Success – Your Trusted Partner in Law & Compliance
State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as ‘fraud’ and is also in the process of lodging complaint with CBI, Parliament was informed on Monday. The entities were classified as fraud on June 13, 2025 in accordance with the RBI’s Master Directions on Fraud Risk Management and…
The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Catalyst Trusteeship’s petition against electric‑cab operator BluSmart Mobility for defaulting on dues of about Rs 1.28 crore. The tribunal’s order initiated the corporate insolvency resolution process (CIRP) and appointed NPV Insolvency Professionals Private Ltd as the Interim Resolution Professional (IRP). BluSmart, once a high‑profile player…
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd. The development came after Adani group reportedly made an unconditional bid for debt-ridden Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process (CIRP). “The proposed combination relates to the acquisition of up…
