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Tag: insolvency proceedings

Ola Electrical shares hit all-time low, finish 7 computer down; agency loses Rs 1,601 cr m-cap, ETCFO

Ola Electrical shares hit all-time low, finish 7 computer down; agency loses Rs 1,601 cr m-cap, ETCFO

Newz Baba03 mins

New Delhi, Shares of Ola Electrical Mobility Ltd ended over 7 per cent decrease on Monday after the agency mentioned its car registration service supplier Rosmerta Digital Companies Ltd has sought the initiation of insolvency proceedings towards its wholly-owned arm Ola Electrical Applied sciences Pvt Ltd. The inventory slumped 7.18 per cent to settle at…

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Builders can’t use insolvency to evade penalties: Prime court docket

Builders can’t use insolvency to evade penalties: Prime court docket

Newz Baba07 mins

The Supreme Court docket on Tuesday dominated that builders can’t evade financial penalties imposed for shopper rights violations below the guise of insolvency proceedings, underlining that permitting such a observe would erode shopper belief and worsen the already susceptible place of homebuyers resulting from possession delays and contract breaches. The ruling got here whereas the…

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