OYO's CEO Ritesh Agarwal clarifying about the fake rumours around OYO filing for bankruptcy ‘is absolutely untrue and inaccurate.’ A fake PDF and text message is being circulated on social media saying OYO has filed for bankruptcy. However, the issue was entirely different where a claimant was seeking Rs 16 lakhs from OYO, which was already paid. For the same, OYO has appealed to NCLAT challenging the order.
Courtesy: Brifly Exclusive
The nearly half-a-decade corporate tussle between Tata Sons (TS) and the Shapoorji Pallonji group Mistrys culminated on March 26, with the Supreme Court ruling in the former's favour. The SC annulled the 2019 National Company Law Appellate Tribunal (NCLAT) judgment and upheld the Tata Board's decision of ejecting Cyrus Mistry as chairman in 2016. Earlier in 2020, TS had petitioned the SC after NCLAT had ruled Mistry's removal and N… read-more
Courtesy: Business Standard
After dissolving Delhi Gymkhana's governing council, the National Company Law Appellate Tribunal (NCLAT) on February 15 appointed M.M. Juneja, director-general of the Corporate Affairs Ministry, as the administrator with immediate effect. The NCLAT's decision came in the case wherein the club is accused of "perpetuating apartheid", nepotism and financial irregularities. However, governing council's president Air Marshal (retd.) PS Ahluwalia… read-more
Courtesy: Hindustan Times