Articles for tag: BKEL, Crore, Debts, Distribution, Dramatic, Financial, Interim, Lenders, NCLAT, Orders, Rising, Sparking, Tensions

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NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

NCLAT orders 75% interim distribution of Rs 175 crore for BKEL lenders, sparking dramatic financial tensions amid rising debts.

The National Company Law Appellate Tribunal (NCLAT) has ordered the interim distribution of 75 percent of the escrow funds, totaling Rs 175 crore, held by Baleshwar Kharagpur Expressway Limited (BKEL) to its secured lenders. This ruling came after a request from the State Bank of India (SBI), as BKEL, which has not serviced its loans ...

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Doctors End 41-Day Strike, But Will Safety Orders Just Be Another Paper Tiger in Bengal’s Health System?

On September 19, 2024, resident doctors in West Bengal announced the end of their 41-day protest, agreeing to resume emergency services in state-run hospitals starting September 21. The strike followed the tragic death of a doctor at R.G. Kar Medical College and was fueled by demands for better safety and security measures for healthcare professionals. ...

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Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects International Ltd (KPIL), a leading engineering and construction company in India, has secured new orders worth Rs 2,774 crore. These projects include significant work in Transmission & Distribution overseas and an EPC project for the Airports Authority of India, as well as a Design & Build project for residential buildings in India. Manish ...

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A consumer commission orders SpiceJet to refund a senior couple for a canceled flight, citing service deficiency and distress caused.

A consumer commission orders SpiceJet to refund a senior couple for a canceled flight, citing service deficiency and distress caused.

A Mumbai consumer commission has ordered SpiceJet to refund Rs 13,696 to a senior couple whose flight was canceled during the COVID-19 pandemic. The airline failed to issue the refund despite guidelines from the Supreme Court and the Directorate General of Civil Aviation. The couple had booked tickets in June 2020 for a flight scheduled ...

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Jagdish Tytler Charged: Court Orders Trial for 1984 Riots Murders

Jagdish Tytler Charged: Court Orders Trial for 1984 Riots Murders

A Delhi court has decided to frame charges against Congress leader Jagdish Tytler for murder and other serious offenses related to the 1984 anti-Sikh riots that resulted in the deaths of three individuals in the Pul Bangash area. The judge, Rakesh Siyal, stated that there is enough evidence to proceed with the case. A witness ...

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Walmart cuts jobs and orders staff to move back to office

Retail giant Walmart has decided to lay off hundreds of employees and compel others to relocate to work back in office. The move comes as the company reshapes its workforce to adapt to changing Market conditions. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post Win ...

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