UNPAID SHARES DUBAI
Why Hindenburg report is a blessing in disguise for Gautam Adani
Hindenburg report will slow his speed of expansion and diversification, and force his financiers to be diligent and cautious in future. This could impose highly desirable financial discipline on Gautam Adani, to his own benefit.
'Unpaid shares' in Dubai, BVI companies may come back to haunt many Indians
Under the Indian Companies Act, a person is allotted shares only after full payment. While UAE Free Trade Zone (FTZ) rules require a minimum share capital of 50,000 dirhams (about ₹11 lakh at the current exchange rate), the authorities do not insist on the payment of the subscription amount.
A year after Jet Airways grounding, wishes to go back in time, hopes of revival dot the firmament
As the grounding of the cash-starved Jet Airways nears one year, many dreams have been shattered but there is optimism of an insolvency resolution-led new birth.
FedEx'd diamonds fueled Nirav Modi PNB fraud, says report
The three-carat gem was shipped at least four times between shadowy cos allegedly controlled by Nirav Modi.
ED, CBI go after country’s second-largest wilful defaulter, Winsome group's Jatin Mehta
Agencies such as ED and CBI need help from the UAE to verify Winsome’s explanation for its inability to repay Indian banks
Australia slashes $190 mn unpaid tax claim for Indian couple
Pankaj & Radhika Oswal are fighting the battle against ANZ for undervaluing shares of their fertiliser company to recoup millions in debts.
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JP Morgan Chase in talks to invest 1,200 crore in SpiceJet; Marans keen to make full exit
A fund managed by JPMorgan Chase is in advanced discussions to team up with Ajay Singh to invest around $200 million (Rs 1,200 crore) in cash-strapped SpiceJet.
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