IL&FS Initiates Legal Action Against Tirupur JV

24 Jan 2024 CW Team

IL&FS has escalated its legal dispute with a Tirupur-based joint venture, dragging the matter to court. The move follows ongoing conflicts between IL&FS and the joint venture, indicating a deepening rift in their business relationship.

The specifics of the dispute remain undisclosed, but IL&FS's decision to resort to legal action suggests an attempt to seek resolution through formal channels. Legal experts anticipate a complex case, and the court proceedings will likely shed light on the intricacies of the disagreements between IL&FS and its Tirupur joint venture partner.

The Tirupur joint venture, engaged in urban infrastructure projects, now faces the legal scrutiny initiated by IL&FS. This development raises questions about the future of their collaboration and the potential impact on ongoing and future projects. Stakeholders in the infrastructure sector will closely monitor the court proceedings for insights into the reasons behind the dispute and potential implications for the industry.

IL&FS, undergoing a restructuring process, has been navigating various challenges, and this legal move adds another layer of complexity to its endeavors. The outcome of the legal battle will not only influence the dynamics between IL&FS and its Tirupur partner but may also set precedents for how such disputes are handled within the infrastructure domain in India.

Infrastructure Transport

15 Oct 2025

AAI To Introduce Valet Parking At Chennai Airport

In a first for Indian airports, the Airports Authority of India (AAI) is planning to introduce valet parking services at Chennai International Airport, aimed at improving passenger convenience and easing traffic flow around the terminal. Since the inauguration of the multi-level car parking facility, passengers have expressed dissatisfaction with the long walk or buggy ride required to reach the second floor to board cabs. Many have found the queues and delays cumbersome, prompting AAI to explore more accessible options. Responding to this feedback, AAI has finalised plans for a second cab b..

CCI Clears Vedanta’s Acquisition Of Jaiprakash Associates

The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under a corporate insolvency resolution process (CIRP) governed by the Insolvency and Bankruptcy Code, 2016 (IBC). The proposed transaction involves Vedanta Limited, the acquirer, taking control of Jaiprakash Associates, which is currently undergoing insolvency proceedings. The CCI’s approval clears a key regulatory hurdle in the resolution process. Vedanta Limited, incorporated in India and listed on both the BSE and National Stock Exchange (NSE), is a subsidiar..

CCI Approves Capgemini’s Acquisition Of Cloud4C Services

The Competition Commission of India (CCI) has approved the acquisition of Cloud4C Services Pte. Ltd and Cloud4C Services Private Limited by Capgemini SE, marking another major consolidation in India’s information technology services sector. The proposed transaction involves Capgemini SE acquiring 100 per cent of the shares of Cloud4C Services Pte. Ltd (based in Singapore) and Cloud4C Services Private Limited (based in India). Together, the two entities are referred to as the Targets. Capgemini SE, listed on Euronext Paris, is the ultimate parent company of the Capgemini Group, a global lea..