Other than breach of contract, a case for criminal negligence can also be made out in such a situation
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
India's debt recovery and restructuring framework is still a work in progress, even six months after the President's assent to the Insolvency and Bankruptcy Code 2016.
Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.
Regulator believes Jet Airways deal triggers open offer
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
Operators developing greenfield airports (built from scratch on undeveloped land) are likely to face increased competition, with the Ministry of Civil Aviation considering tweaking the norms to allow such airports to be developed within 150-km radii of existing ones.
The government can seek details from sellers such as sources of funds while buying.
Successors work hard, and many of them succeed and stay for many years. 'But when they don't it is best to be civil and part ways than seek confrontation which might prove acrimonious and futile.'
For debt-laden companies, asset sales is an obvious solution.
As under-construction properties turn riskier, due to slowing sales, a buyer needs to protect his interest in the property.
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