NCLAT OKs admission of Oyo’s petition in opposition to CCI order

The Nationwide Corporate Regulation Appellate Tribunal on Tuesday admitted Oyo’s petition difficult the Festival Fee of India’s order that imposed a superb of ₹169 crore in opposition to the corporate. The attraction, then again, has been admitted topic to OYO depositing a ten% of the whole penalty which is ₹16.9 crore this is levied inside … Read more

CCI, India’s competitors regulator, has a suite factor

On 19 October, India’s competitors regulator imposed a high quality of about ₹223 crore on commute portal MakeMyTrip for getting into into preferential pacts with lodge companions. At present trade charges, that’s more or less about $27 million, or about 9% of the corporate’s 2021-22 revenues. The MakeMyTrip inventory fell most effective about 0.7% that … Read more

SC regulations in favour of presidency dues in IBC solution plans

MUMBAI: The Preferrred Court docket has held {that a} solution plan which ignores the statutory calls for payable to state governments, or prison government, is prone to be rejected. It stated that the definition of secured creditor within the Insolvency and Chapter Code (IBC) does now not exclude any executive or prison authority. A bench … Read more