Daily Headlinez Top News Updates
NEW DELHI: A day after photos of Vijay Mallya‘s pre-birthday celebration in London surfaced, ED Thursday announced it had restituted Rs 312 crore of Kingfisher Airlines to its former employees towards long-pending dues.The amount was transf-erred to the official liquidator for disbursement to former employees of Kingfisher Airlines after the restitution was approved by Debt…
Specialised tribunals, designed for swift justice, are overwhelmed by over 5.24 lakh pending cases, primarily due to significant member vacancies. Debt Recovery Tribunals lead with 2.5 lakh cases. Seven tribunals lack chairpersons, and 18% of member posts are unfilled, hindering efficient case resolution despite government efforts and technological adoption. Tribunals are meant to deliver faster…
MUMBAI: IDBI Bank has once again dragged Zee Entertainment Enterprises to the insolvency court. It has filed a fresh application before the Mumbai bench of the company law tribunal to initiate insolvency proceedings against Zee for a default of Rs 225 crore. Zee has disputed the bank’s claim, terming it meritless and an abuse of…
