|
|
Corporate
-
Mergers & Acquisitions
Calcutta High Court directive to Coal India
Kolkata, March 31
Mr Justice Nadira Patherya of Calcutta High Court
on Monday directed Coal India Ltd (CIL) to
complete the process for the takeover of Mining & Allied
Machinery Corporation Ltd (MAMC) by June this year.
Earlier, in October 2007, CIL and Damodar Valley
Corporation got the permission from Calcutta High Court
to take steps for taking over MAMC, to run it as a going
concern.
As directed by the High Court, CIL deposited a
bank guarantee of Rs 75 crore for the purpose of
preparing the groundwork for reopening of MAMC. CIL
on Monday filed a petition seeking time for such
reopening, which was allowed by the court. The matter
will next appear on June 9, 2008. - Our Bureau
More Stories on :
Mergers & Acquisitions |
Coal |
Courts/Legal Issues
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
Stories in this Section
PFC floats subsidiary for consultancy services
Cipla bringing in Novartis’ iron-overload drug
Hyundai’s free car care clinic
MSP Steel gets M.P. licence
Sun Pharma launches cancer-related drug in US
Prithvi defers buy-back
ICAI removes doubts on accounting for foreign currency derivatives
ICAI’s move on derivatives aims at transparency in turbulent times
Birlas’ case: SC upholds HC order
L&T bags Rs 576-cr HPCL order
BHEL bags Rs 550-cr export order
LoI for Kirloskar Bros
Games contract for Era Infra
Punj Lloyd gets Italy order
Dr Reddy’s turns ‘women-friendly’
Suven Life bags two patents in Mexico, Korea
Calcutta High Court directive to Coal India
Tatas, M&M investing Rs 7,500 cr in Maharashtra
NTPC plans geo-thermal projects
GMR in race for 50% stake in InterGen of US
ONGC-Mittal overseas trading venture benched
Country Club acquiring properties in Dubai, Bangkok
BHPV staff seek wage revision
HPCL, Vizag port sign MoU
India Infoline broking arm ties up with US firm
Godrej Agrovet, Future group co tie up
Auerbach tie-up positive for India Infoline
Alembic turns 100; eyes Rs 2,000-cr turnover in 4 years
India should produce 40% of world’s generic drugs, says Kalam
SAIL donates mobile medical unit
Sun Pharma’s US arm asked to recall batches of diabetes drug
EIH Ltd bets on the ‘Trident’ brand
GEI hopes for higher turnover
Sumantran joins Hinduja Auto
|
|
