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NCLAT Upholds NCLT’s Decision to Exclude SEBI Penalty from Bankruptcy Proceedings

Hyderabad, May 7 (KNN) The National Company Appellate Tribunal (NCLAT) has upheld the decision of the Adjudicating Authority (NCLT, Hyderabad), admitting a bankruptcy application filed under Section 122(1) of the Insolvency and Bankruptcy Code (IBC), 2016. The tribunal also reaffirmed that the penalty imposed by the Securities and Exchange Board of India (SEBI) qualifies as...
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Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

Amaravati, Jun 17 (KNN) The long-stalled construction of flatted factory complexes at the Vemavaram Jakkampudi Economic Township is poised to advance following state government approval for institutional restructuring and project handover. The Andhra Pradesh government has authorised the Andhra Pradesh Economic Development Board Corporation Limited to complete pending land alienation procedures and transfer project responsibilities...

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