The first acquisition: NClat requires busy Bee Airways to negotiate with the lender

The first acquisition: NClat requires busy Bee Airways to negotiate with the lender

2025-01-31 13:44:00 : The National Corporation’s Law Court (NCLAT) requires busy Busy Bee Airways to bid first. This is a bidder that first approaches the airline’s lender and negotiates an agreement to acquire the continuous problem of the airline. This is after the busy Bee Airways told NClat, it can still be obtained first, and … Read more

NCLT command delete Byju’s IRP to restore Adiora Birla Finance as financial creditors

NCLT command delete Byju's IRP to restore Adiora Birla Finance as financial creditors

2025-01-29 15:26:00 : The National Corporation’s Law Court (NCLT) ordered the temporary resolution professionals (IRP) of BJYU on Wednesday. The bankruptcy court also instructed India’s bankruptcy and bankruptcy committee (IBBI) to discipline IRP to IRP, and dissolved the creditors committee (COC) composed of IRP. NCLT’s Bangalore substitutes passed the order through Byju’s lenders, Glass Trust … Read more

WhatsApp, Meta Win Relief as NCLAT Suspends Data Sharing Ban

An Indian tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the U.S. giant which had warned its advertising business will be affected. Meta had challenged the Competition Commission of India’s (CCI) directive issued in November that imposed a ban on data sharing between WhatsApp and … Read more