Ministry of Corporate Affairs has described erstwhile Gymkhana management’s claim over delay in filing appeal not being condoned as ‘wholly incorrect’.
Despite a lot of initial interest, scheme plagued by hurdles since 1st round launch in October 2024. Corporate affairs ministry makes changes in round two to make scheme more viable.
NCLAT says club’s affairs were formerly being conducted in manner prejudicial to public interest, but adds govt-appointed committee can't supersede the club management indefinitely.
Gautam Adani-led group is battling a stock market rout which was triggered by the Hindenburg report on 24 January and this week scrapped a $2.5 billion share sale.
Registrar of Companies has lodged 39 FIRs in Mumbai alone against companies with foreign directors or shareholders. Officials are tight-lipped but complaints show common patterns.
Carlsberg’s partner Khetan Group in 2019 had alleged that the Indian unit was offering illegal trade discounts and was engaged in fraudulent practices for sales promotion.
NCLT dissolved Delhi Gymkhana Club’s general committee last year on various allegations made by govt. NCLAT has upheld that verdict, and govt has appointed an administrator.
At NCLAT, Delhi Gymkhana Club challenges 26 June order passed by NCLT, which had directed the government to appoint two members on the club's general committee.
The club sought the dismissal of the Ministry of Corporate Affairs’ plea to take over the club before the National Company Law Tribunal, which reserved its order.
Why should the US care? Because in the end, as its wrangle with Britain this week should have reminded them, America still needs bases, friendly ports, & overfly rights.
Multiple companies have invoked the principle of ‘force majeure’, which lets a party off the hook in case of unforeseen ‘acts of God’, to avoid penalties.
IRIS Lavan was in the region for the International Fleet Review held last month and ‘sought urgent docking in Kochi citing technical issues,’ it is learnt.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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