Legal Insights

NGT clears Great Nicobar infrastructure project, says adequate safeguards provided New Delhi: The National Green Tribunal (NGT) has cleared the proposed International Container Transhipment Terminal in Great Nicobar Island, saying adequate safeguards had been provided in the environmental clearance (EC) conditions. The eastern zonal bench of Kolkata, headed by NGT Chairperson Justice Prakash Shrivastava, passed […]

Illustrative image In recent years, several new‑age tech companies have shown a sharp financial glow‑up in the year of their IPO or listing preparation, often driven by one‑off gains or accounting effects rather than a long profitability track record. While some companies like Groww, Meesho, PhysicsWallah showed genuine, multi‑year improvement in profitability or loss narrowing

Fresh legal snag may delay NSE’s long-awaited public debut Mumbai: India’s largest bourse, the National Stock Exchange of India (NSE), has hit another roadblock in its decade-long journey to go public. A writ petition has been filed in the Delhi High Court challenging the no-objection certificate (NOC) issued by the Securities and Exchange Board of

India reviews Press Note 3, may ease small FDI entry with de minimis rule New Delhi: India is reviewing Press Note 3 and may introduce a ‘de minimis’ threshold to allow automatic approvals for small foreign investments, according to people familiar with discussions. De minimis is a Latin phrase that implies low-stakes deals. Press Note

Reserve Bank of India restores default loss guarantees for NBFCs Mumbai: In a move that could support stronger credit expansion, the Reserve Bank of India (RBI) has restored the use of default loss guarantees (DLGs) for non-bank lenders, rolling back last year’s curbs that had forced them to make higher provisions on loans sourced through

NCLT appoints two-member committee to address grievances of Jaypee Infratech allottees NEW DELHI: The National Company Law Tribunal (NCLT)- Delhi has ordered appointment of an independent committee of experts to look into the grievances of the allottees of the Jaypee Infratech projects, which are now being developed by Suraksha Realty. The order was passed on

NCLAT to hear appeal against Oberoi Realty-led consortium’s Rs 919cr bid for Hotel Horizon New Delhi, Insolvency appellate tribunal NCLAT will hear an appeal filed against an NCLT order approving a Rs 919 crore bid by Oberoi Realty-led consortium for Hotel Horizon. A two-member bench Delhi-based Principal bench of NCLAT has admitted the appeal and

RBI grants approval to Bain Capital for acquiring up to 41.7% stake in Manappuram Finance NEW DELHI: Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition up to 41.66 per cent of the company’s paid-up equity capital / convertible instruments

Tax dispute with Indian authorities: Jane Street moves SC, seeks clarity on ‘legal privilege’ Mumbai: Amid a cold tussle with the Indian tax authorities, the New York trading biggie Jane Street has moved the Supreme Court (SC) on the contentious issue of legal protection relating to certain confidential internal communications. The private quantitative trader, which

SC refuses to pass any order related to Adani Group’s proposed thermal power plant in UP The Supreme Court on Thursday refused to pass any direction against the Adani Group’s proposed thermal power plant in Uttar Pradesh and asked the state and the Central government to file their responses in the matter. A bench of