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Dish TV India Ltd promoter entity World Crest Advisors, seeking to prevent Yes Bank Ltd and JC Flowers Asset Reconstruction Pvt. Ltd from transferring or encumbering Dish TV shares.“In light of prima facie finding, that JC Flowers, presently registered as beneficial owner, is having all the rights, benefits and liabilities attached to the securities held by depository and including voting rights, as well as the prima facie finding that no case of fraud has been established by the plaintiff, the interim relief sought for in the present application cannot be granted," said a bench led by Justice R.I.

Chagla. (Read More)The government has initiated the process of soliciting bids to appoint an asset valuer for the strategic disinvestment of IDBI Bank.

Both the government and LIC (Life Insurance Corporation) are collectively divesting approximately 61% of their stake in IDBI Bank, and there has been significant interest from various parties, with multiple expressions of interest (EoI) received for this stake sale.The Department of Investment & Public Asset Management (DIPAM), on behalf of the government and LIC, on Monday floated a request for proposal (RFP) to engage a “reputed Asset Valuer Entity -registered with Insolvency & Bankruptcy Board of India (IBBI), to act as the Asset Valuer for undertaking the IDBI Bank assets' valuation and provide requisite assistance in the process of strategic disinvestment of IDBI Bank, till the completion of the transaction." (Read More)The board of directors of IndiGo Airlines has given the green light for the acquisition of an additional 10 A320 NEO family aircraft from the renowned French aircraft manufacturer, Airbus. This purchase supplements the existing order for 300 aircraft, as