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.
Contrary to naysayers, the RSS practices what it preaches. It is closer to the Gandhian teaching of improving the individual morally and spiritually to change the external environment.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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