Supreme Court Cuts Off Cross-Sector Resolution Plans by Cooperatives
Supreme Court restricts multi-state cooperatives to same-sector IBC resolution plans while other entity types face no such limits, creating uneven bidder eligib
National Urban Cooperative Bank Licence Cancelled Despite Recent Capital Infusion Claims
RBI cancels National Urban Cooperative Bank licence despite recent capital claims, triggering winding up and highlighting board disclosure gaps in regulatory en
GIC Re Calls ₹350 Crore Tax Demand ‘Contestable’ While Filing Standard Appeal
GIC Re faces ₹350 crore tax demand for FY23, calling it 'contestable' while filing appeal at NFAC. Measured language suggests complex legal position rather than
NCLT Accepts SBI Petition While Dhoot’s Corporate Shield Stays Intact
NCLT accepts SBI petition against Videocon promoter Dhoot's personal guarantees while corporate protections remain intact for group entities, creating enforceme
SpiceJet’s Court Collapse Warning Meets Silent Board on Liquidity Crisis
SpiceJet warns Delhi HC of collapse while seeking relief from ₹144.5 cr deposit. Board governance gap emerges as airline cites operational distress publicly.
The Adani Jurisdictional Gambit Exposes SEC’s Extraterritorial Reach Problem
Adani's motion to dismiss SEC fraud charges challenges the commission's extraterritorial authority, raising jurisdictional questions that could reshape foreign
Tata Trusts Trustee Kept ₹20 Crore in Company Fees Instead of Remitting to Charity
Tata Trusts trustee Vijay Singh retained ₹20 crore in company director fees instead of remitting to charity, exposing nominee director governance failures.
Manappuram Finance’s PMS Excuse for Audit Committee Chairman’s Trading Violation
Manappuram Finance's Audit Committee Chairman violated insider trading code through PMS account, but company frames it as operational lapse rather than fiduciar
Prosecution Sanction Delays Slow Bank Fraud Cases Involving Officials
Centre convenes CBI-bank meeting to address prosecution sanction delays and coordination gaps slowing bank fraud investigations involving officials and mule acc
Sammaan Capital Takeover Clears RBI Without Disclosure of Due Diligence Timeline
RBI approves Avenir's Sammaan Capital takeover without disclosing due diligence timeline or compliance conditions, raising transparency questions for NBFC board