Industrialist Anil Ambani has told the Supreme Court that he is not a fugitive and has asked for a lenders’ committee to be formed to determine his actual dues, as legal scrutiny around Reliance Communications and related financial disputes continues. The request is part of his effort to
Former employees of the defunct Kingfisher Airlines are set to receive ₹311.67 crore towards long-pending salary and service dues, marking a significant development more than a decade after the airline ceased operations. The payment will be routed through the official liquidator handling the airline’s insolvency proceedings, who will oversee the distribution to eligible
The Karnataka State Contractors’ Association has written to Chief Minister Siddaramaiah alleging that corruption has doubled in several government departments since the Congress took office. Association president R Manjunath and general secretary G M Ravindra said that commissions demanded for clearing bills have increased compared to the previous administration, while
The Supreme Court of India has ordered all states and union territories to clear the unpaid dues owed to electricity distribution companies (discoms). These unpaid amounts, called “regulatory assets,” must be fully repaid within four years starting April 1, 2024. Limits and New Rules for Tariffs The court has also mandated that any new regulatory […]















