Indicating that India was in "safe hands" with the BJP, he said "You can protect the country if you accept the BJP's ideology."
V P Duraisamy's exit will in no way upset the poll scene in western Tamil Nadu, says N Sathiya Moorthy.
The party that shall head the alliance would be made known only during the elections and polls were not round the corner now, Chief Minister Palaniswami said when asked if the BJP or AIADMK would steward the combine in Tamil Nadu to fight the polls next year.
Citing the Official Languages Act, the Madras high court has directed the Centre to give a reply in English if the representation is made in the said language, saying it was the "duty" of the Union government to do so.
The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.
Nalini, who is serving a life sentence in the Rajiv Gandhi assassination case, aspires to be a social worker if she is released from Vellore Central Prison, where she has been lodged for the last 19 years. Nalini, who has sought premature release, does not want to go back to her family life and wants to work for women. Confined to a 6-feet by 10-foot cell in Vellore Central Prison, Nalini spends most of her time studying.
The Palaniswami government is expected to utilise the Rangarajan Committee's recommendations before the 2021 assembly election.
Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.
Bankruptcy court NCLT on Tuesday allowed billionaire Anil Agarwal's Twin Star Technologies to take over Videocon Industries Ltd for about Rs 3,000 crore. Twin Star, a part of Vedanta Group, will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time. A two-member Mumbai bench of the NCLT comprising members - H P Chaturvedi and Ravikumar Duraisamy - approved the resolution plan by Twin-Star Technologies.
63 Moons Technologies that has a claim of Rs 200 crore from Dewan Housing Finance, which is being taken over by the Piramal Group for as low as Rs 37,500 crore against a total claim of close to Rs 85,000 crore, on Tuesday said it will challenge the resolution at the NCLAT shortly. On Tuesday, making an about-turn, the Mumbai bench of the National Company Law Tribunal (NCLT) chaired by HP Chaturvedi and Ravikumar Duraisamy, allowed Piramal Group to take over DHFL under the bankruptcy code for as low as Rs 37,500 crore against a claim of close to Rs 85,000 crore. It had on May 25 asked the committee of creditors to consider the Wadhawans offer of paying back almost Rs 93,000 crore to the lenders and creditors, which was stayed by the NCLAT after the Pirmal group challenged it.
Financial creditors shall submit their claims with proof by electronic means only, resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
The 82-year-old veteran playback singer died after a brief illness at his CIT Nagar residence in Chennai.
However, the tribunal rejected the plea by the Netherlands based vendors for filing an intervention application, saying the Dutch district court had no jurisdiction to order bankruptcy of Jet Airways.
Amusing spectacles unfold everyday with candidates attempting a variety of things from donning the role of a chef to washing clothes to woo voters, spicing up the campaign for the April 6 assembly polls in Tamil Nadu.
Its effort to stave off bankruptcy by selling spectrum to Reliance Jio got scuttled after the long legal and government delays for approvals.
Weeks before shutting down operations on April 17, a logistics vendor had taken possession of a Jet aircraft--a Boeing 777--at the Amsterdam airport for non-payment of dues.
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies -- a promoter entity of the Vedanta Resources group -- for the Videocon group. But it has pointed out that the successful resolution applicant is "paying almost nothing" as the amount offered is only 4.15 per cent of total outstanding claim. It noted the hair cut for all the creditors is 95.85 per cent and suggested to both committee of creditors (CoC) and the successful applicant an increase in the payout.
The hearing was adjourned after public prosecutor K Duraisamy sought time on the ground that Supreme Court lawyer Tulsi could come to the court only on Monday to reply to additional citations put forward by the seer's counsel.
The Judge directed Public Prosecutor Duraisamy to inform the court the government's stand by 1500 IST on Friday and file his counter.
The ministry has also made Udayen Sen of Deloitte, and Kalpesh Mehta and Sampath Ganesh of BSR as respondents as they were the signatories of the audit reports of the company.
Dravida Munnetra Kazhagam chief M Karunanidhi's son and Treasurer M K Stalin is among the five persons named by the party to hold seat-sharing talks with alliance parties for the coming parliamentary elections.
The DMK's campaign appeared to be the most visible with propaganda at a feverish pace across the segment for the April 6 assembly polls and Stalin is the party's chief minister candidate.
The ministry informed the tribunal that former head of ILFS Financial Services Ramesh Chandra Bawa withdrew/transferred Rs 1 crore and Rs 14 lakh from Axis Bank accounts in two instances which are in violation of the December 3, 2018 order of the tribunal which had frozen these accounts.
'When Etihad initiated their bid, it was conditional.' 'They said only if someone takes a 'haircut' would they be interested.'
The Supreme Court on Monday rejected a plea moved by former prime minister Rajiv Gandhi's assassin Nalini Sriharan seeking early release from prison.
Strongly defending former chief minister and party supremo Jayalalithaa's aide V K Sasikala, ruling All India Anna Dravida Munnetra Kazhagam on Saturday said there is nothing wrong in its leaders calling on her as she is a key member and asserted a person would soon be elected to the top post of General Secretary.
Udhayanidhi's ascension in the party is seen as a precursor to him being given key roles in the DMK in future which is now helmed by his 66-year old father Stalin.
"It is all your imagination and guess work," a senior leader said when asked about reports of Sasikala taking over from Chief Minister O Panneerselvam.
'I see the queen bee kind of syndrome.' 'When they know that there is a queen bee, the bees will hang around her for some time and then fly away.' 'I won't be surprised if somebody else takes the place of the queen bee.'
Tamil Nadu, which boasted of as many as nine ministers in the UPA-II government in 2009, did not get any representation in Modi 2.0 government.
Kamakshi Paatti, a sprightly nonagenarian, has the Chennai civic corporation on its toes.
Dravida Munnetra Kazhagam patriarch M Karunanidhi was re-elected as party president for the 11th time in a row by the newly constituted general council on Friday.
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