NCLT Approves Ambuja Cements Merger: The merger of Ambuja Cements and Sanghi Industries has led to structural reorganizations in India’s cement industry, marking a critical point in sector consolidation as well. This event indicates that larger players have begun consolidating their operations (to improve size/scale and ease of conduct). What Does the NCLT’s Decision Mean?...
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Historic Win for Supertech Homebuyers as SC Upholds NCLAT Order – NBCC Takes Charge of Insolvent Projects to Ensure Timely Delivery and End Financial Nightmares
In a sweeping decision regarding the insolvency of Supertech, the Supreme Court has upheld the National Company Law Appellate Tribunal’s (NCLAT) decision to have the state owned National Building Construction Corporation (NBCC) (India) Ltd finish construction on Supertech’s unfinished projects. This ruling represents a significant change for thousands of purchasers who once made a down...