Ex-IL&FS execuctive Hari Sankaran sent to legal care

A metropolitan court in Mumbai remanded Hari Sankaran, the previous bad habit administrator of Infrastructure Leasing and Financial Services (IL&FS), in judicial care on Thursday for 14 days after the Serious Fraud Investigation Office (SFIO) supported the general population whose names were forgotten from the rundown, yet we were dependable with them, she said. It […]

NCLT sees infringement of Sec 29(A) in Sterling Biotech case

The National Company Law Tribunal (NCLT) in the Sterling Biotech case for the second time has scrutinized the motive of moneylenders, driven by Andhra Bank to withdraw their chapter 11 application and to pick a one-time repayment with the slipping off advertisers of Sterling Biotech. The council has likewise scrutinized the wellspring of assets which […]

Fund raising via IPOs Slumps 53% to Rs 12,470 cr in April-Sept FY19

Indian companies raised Rs 12,470 crore through initial public offerings in April-September this fiscal, a sharp drop of 53 per cent from the year-ago period, due mainly to volatile equity markets and uncertainties in the macro environment. Some analysts believe that the IPO market for the second half of the ongoing financial year will be […]