NCLAT Rejects Union Bank's Challenge to Darwin's Lavasa Bid

15 Jan 2024 CW Team

In a recent development, the National Company Law Appellate Tribunal (NCLAT) has rejected Union Bank's plea to oppose the bid by Darwin Platform Group for Lavasa Corporation. The tribunal's decision marks a significant legal hurdle for Union Bank, as it sought to challenge Darwin Platform Group's efforts to acquire Lavasa Corp. The details of the case suggest a complex legal battle over the acquisition, with Union Bank's attempt to block the bid facing rejection. This decision is expected to have implications for the ongoing corporate landscape and highlights the intricacies of regulatory processes in the business sector. The verdict underscores the importance of legal clarity and due diligence in corporate transactions, impacting the trajectory of the Lavasa Corp acquisition. The NCLAT's stance on this matter sets a precedent for similar cases and sheds light on the regulatory dynamics surrounding corporate acquisitions in the current business environment.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..