Court rejects Gayatri Projects promoters' plea

11 Jan 2024 CW Team

Gayatri Projects faces insolvency as the Supreme Court dismisses promoters' plea, allowing the insolvency proceedings to move forward. In a recent development reported by Moneycontrol, the court has rejected the appeal made by the promoters of Gayatri Projects, signaling a decisive step in the insolvency proceedings.

The Supreme Court's decision reinforces the legal course of action, prioritising the resolution process for the financially distressed company. The article details the implications of the court's dismissal of the promoters' plea, shedding light on the challenges and opportunities that lie ahead for Gayatri Projects.

The insolvency case surrounding Gayatri Projects has been a subject of significant attention in the business world. The court's decision not only impacts the company's fate but also sets a precedent for how insolvency matters are dealt with in similar contexts.

The report on Moneycontrol succinctly captures the essence of the Supreme Court's ruling, providing concise insights into the unfolding situation. As Gayatri Projects moves closer to insolvency, the business community watches closely, observing the broader implications of this legal decision on corporate insolvency proceedings in India.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..