Thirty-six scheduled assets of Bankim Brahmbhatt and thirteen of his associate Mohit N. Rao can no longer be dealt with. The Gujarat High Court has frozen Bankim Brahmbhatt’s assets in India and abroad in a Rs 2,337 crore international fraud suit brought by seven US telecom companies he once ran, on allegations that are yet […]
On 6th March: The Delhi High Court has issued a restraining order against Reliance Infrastructure, preventing the sale of $135 million worth of assets amidst a legal battle with Shanghai Electric regarding the Sasan Power Project. The court’s decision aims to retain these assets as security amid an arbitration conflict. This comes despite objections from Reliance Infrastructure, which were dismissed by the court.
