C Sivasankaran

Supreme Court’s decision on Siva Industries may set a good precedent for IBC cases, experts say

The court’s June 3 order will give more power to lenders and ensure speedy recovery in cases under the bankruptcy court, according to bankers and legal experts

Analysis: The significance of the impending NCLT order on Siva Industries

Lenders have decided to drop bankruptcy proceedings against Siva Industries by accepting the one-time-settlement offer made by the company. This has now become a subject matter of intense debate. The National Company Law Tribunal (NCLT) ruling will have a sweeping effect on India’s bankruptcy laws.

NCLT examining Siva group-IDBI Bank loan settlement deal, next hearing likely on Friday

While it is not clear what exactly is the clarification sought by the NCLT from the lenders, there has been a debate of late on whether former promotes getting back control of their companies through out-of-court settlements will lead to dilution of the spirit of the Section 29 A.

SFIO probe finds IL&FS head Parthasarthy’s wife had business dealings with C Sivasankaran

The latest SFIO report also has a mention of former finance minister P Chidambaram based on a passing reference made by C Sivasankaran during the investigation.

IDBI loan fraud case: ED attaches Rs 224 crore worth of assets of firms linked to Sivasankaran

The agency said it has issued a provisional order for attachment of assets under the Prevention of Money Laundering Act (PMLA) against Siva Group of Companies and Axcel Sunshine Limited located in the British Virgin Islands in the Caribbean.

Wadia sends letter to SEBI, raises corporate governance concerns

In a latest in the Tata versus Mistry tussle, CNBC TV18 learns that Nusli Wadia has sent a fresh letter to market regulator Sebi raising corporate governance concerns on a 10-yer old inter-corporate deposit made by a Tata Steel subsidiary company.

Tata Sons & DoCoMo need to compensate me: C Sivasankaran

C Sivasankaran, Chairman, Siva Group, said that Mistry should have resigned on the day when he was removed from group companies. Harsh Mariwala, CMD, Kaya, also spoke to the channel.

C Sivasankaran speaks out on Cyrus Mistry and Tata Group

Siva Group chairman C Sivasankaran in an interview with Forbes India said he has been needlessly forced into boardroom battle at Bombay House.

Sivasankaran hits back; says loan taken against TTSL shares

"Mistry dragged me into the controversy, but did not mention that I had pledged my shares for the loan," says an agitated Sivasankaran.

Sun TV tanks 11% as ED attaches assets of Maran brothers

Shares of Sun TV Network fell more than 11 percent intraday Monday after the Enforcement Directorate issued an order to attach properties and assets belonging to Kalanithi and Dayanidhi Maran.

Aircel-Maxis deal: ED attaches Rs 742cr assets of Marans

CBI had alleged in the court that Dayanidhi Maran had "pressured" and "forced" Chennai-based telecom promoter C. Sivasankaran to sell his stakes in Aircel and two subsidiary firms to Malaysian firm Maxis Group in 2006.

ED questions Maran brothers in Aircel-Maxis laundering case

"Both the Marans have been questioned and their statements recorded under the provisions of the Prevention of Money Laundering Act. They could be summoned again," sources said.

Maran 'pressurised' Sivasankaran to sell his companies: CBI

Besides the Maran brothers, the CBI has named Malaysian business tycoon T Ananda Krishnan, Malaysian national Augustus Ralph Marshall and four firms: Sun Direct TV Pvt Ltd, Maxis Communication Berhad, Astro All Asia Network PLC and South Asia Entertainment Holding Ltd - as accused in the case.

Aircel-Maxis case: Maxis denies any wrongdoing

The charge-sheet is premised on CBI's findings following its investigations into a complaint made by the promoter of SVL, C Sivasankaran, that Dayanidhi Maran had allegedly abused his official position and constricted the business environment of Aircel between 2004 and 2005 with the aim of coercing SVL to sell Aircel to MCB.