Lalit Modi

The resolution professional of Future Enterprises Ltd (FEL) has finalised a provisional list of three Prospective Resolution Applicants (PRA), an exchange filing from the debt-ridden company said

Being socially acquainted with London-based Modi, Maag was invited to invest in a first friends and family round of fundraising for USD 2 million

A former Indian model-turned-investor, Gurpreet Gill Maag, has filed a legal challenge in the High Court in London seeking damages amounting to millions of dollars from IPL founder Lalit Modi

A bench headed by Chief Justice N V Ramana okayed the names of former apex court judges Justices Vikramjit Sen and Kurian Joseph as mediators.

The Supreme Court suggested mediation to Lalit Modi and his mother Bina Modi, wife of late industrialist K K Modi, to resolve the long pending property dispute in the family

The former IPL chairman on Tuesday made serious allegations against one of the owners of two new teams

The London-based founder of the Indian Premier League (IPL), Lalit Modi, is facing an approximately $7-million legal challenge in the High Court in England

Lalit Modi contended that after the demise of his father KK Modi a sale of all assets of the trust has been triggered and distribution to beneficiaries has to occur within one year thereof

Writes to NSE, BSE again, questioning appointment of Bina Modi as firm's president and MD

According to sources, the report of the independent directors on the board has not been circulated among the members ahead of Tuesday's meeting

Ruchir points out that his grandmother Bina still runs the company as the president and managing director despite her ouster by public shareholders.

SC on Tuesday stayed the Bombay HC order directing the ED to allow cross examination of five persons by former IPL commissioner Lalit Modi in a case of alleged violation of FEMA

The YES Bank debacle together with serial abscondings (Lalit Modi, Vijay Mallya, Nirav Modi) and spectacular business busts (IL&FS, DHFL, Jet Airways) has helped Indian business reputation hit a low

My father was clear that shareholder value is primary. He was clear that three engines can never run a company successfully, said Lalit Modi

The new move comes just days after Lalit Modi, through a series of tweets, had declared war on his family members, saying that all key assets of the K K Modi group were up for sale

The difference regarding the sale of assets comes in the backdrop of the death of K K Modi in November last year

The business close to Samir's heart is 24Seven, which is part of GPI, and, according to Lalit, it too will be on the block

Godfrey Phillips clarified that it is neither engaged nor privy to any such discussions on "rumoured potential transaction by its promoters"

The investment banker will have a mandate to sell the companies to the highest bidder, he added