The shareholder meeting will be convened on November 25, 2022. The deal has got in-principle approval from the stock exchanges, Reserve Bank of India (RBI), Sebi, Pension Fund Regulatory and Development Authority (PFRDA) and Competition Commission of India (CCI). Every HDFC shareholder will get 42 shares of HDFC Bank for every 25 shares held.
A two-member Delhi-based Principal bench of the NCLT had on March 25 admitted a plea filed by ICICI Prudential Venture. The insolvency tribunal has appointed Harish Taneja as the Interim Resolution Professional to take over the management of the company. The tribunal has also suspended the board of Ananda Divine Developers.
Supertech, in a statement, said that it will challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT). Further, the company said that in the interest of homebuyers, a preference was given to construction and the delivery of projects. The company has claimed that it has a "strong record of delivering more than 40,000 Flats during the last 7 years."
The SC gave the last opportunity to the government to make good appointments within two weeks and give reasons for rejecting recommended names It also observed that it is distressing that names recommended by a selection panel, comprising two SC judges and two secretaries are being treated with disdain
NCLT directed CBDT to disclose information about all assets of the Videocon promoters in their knowledge or possession. The NCLT order, late on August 31, directed the Indian Banks Association (IBA) to facilitate disclosure of the details of the bank accounts. NCLT also gave its permission to MCA to write to the state governments and the Union Territories to identify and disclose all details of immovable properties.