National Company Law Tribunal recently approved the demerger of Reliance Capital Ltd. to Reliance Home Finance Ltd, allowing the independent listing of Reliance Home Finance, which will unlock substantial value for shareholders. The transfer has already been approved by an overwhelming majority of 99.59 per cent votes at the general shareholders meeting. Nearly one million shareholders of RelianceCapital will be allotted one free share of Reliance Home Finance for every one share held by them. K

description: The National Company Law Tribunal(NCLT) on May 10 accepted Go First's insolvency plea. With this order, the moratorium has been put in place under Section 14(1) of the Insolvency and Bankruptcy Code (IBC). Mr. Abhilash Lal of Alvarez and Marsal has been appointed as the Interim Resolution Professional (IRP) to take charge of the airline. Talking to Business Standard, Go First CEO Kaushik Khona said, "Congratulations to all. This is a historic ruling as an application of insolvency h