Companies & Sectors
HC modifies CLB order; Allows Uninor to receive EoI from bidders till 8th August

The HC order came on a plea by Uninor against the CLB order which had stalled the auction of the telecom firm's assets on a plea by its Indian partner of the joint venture, Unitech Group

 
New Delhi: The Delhi High Court on Monday modified a Company Law Board (CLB) order and allowed Uninor to receive till 8th August the expressions of interest (EoI) from bidders interested in purchasing the telecom major, a joint venture of Norwegian Telenor and Unitech Group, reports PTI.
 
The CLB, on 3rd August had stayed the operation of Uninor's 1st August auction notice for sale of its assets, saying the proposed auction process appeared to be "very clever" one.
 
"I am modifying the order of the Company Law Board to the extent that the date to receive the EoI (i.e., the intention to purchase) from the bidders is extended till 8 August," said Justice Indermeet Kaur adding that the CLB will decide the petition on merit.
 
The court's order came on a plea by Uninor against the CLB order which had stalled the auction of the telecom firm's assets on a plea by its Indian partner of the joint venture, Unitech Group.
 

User

Olympics: Vikas Gowda makes the cut for the discus throw final

Gowda is also only the second Indian to make the finals in track and field at the ongoing Games after Krishna Poonia, who eventually finished seventh in women's discus throw

 
London: India's Vikas Gowda became only the seventh Indian to qualify for the finals of the track and field event at the Olympic Games when he hurled the disc to 65.20 metres for an automatic selection, reports PTI.
 
Gowda, who trains in the United States, breached the 65m mark in his second attempt, having managed a throw of 63.52 m in his first throw. 
 
The automatic qualification standard for the discus final was set at 65m.
 
Iran's Ehsan Hadadi was just behind Gowda with a throw of 65.19m.
 
The finals will be held tomorrow at 07:45pm local time (Wednesday morning 12.15am IST).
 
Gowda is also only the second Indian to make the finals in track and field at the ongoing Games after Krishna Poonia, who eventually finished seventh in women's discus throw.
 
The other five Indians to make it to the final round of Olympic Games' track and field events are Milkha Singh (400m), Gurbachan Singh Randhawa (110m hurdles), Sriram Singh (800m), P T Usha (400m hurdles) and Anju Bobby George (Long Jump).

User

Fortnightly Market View: Trendless days

The market will move in a narrow band, until something significant happens

Afortnight...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)