NEW DELHI: On Monday, The Supreme Court of India has warned that its decision on the Delhi Metro Rail Corporation (DMRC) and Delhi Airport Metro Express Private Limited (DAMEPL) dispute must be followed strictly. The court stated that if the ruling is not obeyed, it will take strict action against the officials of the private company and Axis Bank.
On Thursday(5th September),The Supreme Court directed Sahara Group to deposit Rs 1,000 crore into an escrow account within 15 days and permitted a joint venture to develop its Versova land, aiming to realize Rs 10,000 crore. This amount is required to be deposited into the SEBI-Sahara refund account to return investors’ money as per a 2012 court order.
Today(on 28th March), The NCLT in Bengaluru rejected a request to halt Byju’s EGM on March 29, where an increased authorized share capital will be discussed post a USD 200M rights issue. Investors are suing to remove CEO Byju Raveendran and the founders, unveiling internal divisions. The dispute impacts the company’s operations and governance, with major shareholders involved.
