More on the asymmetry that rules India’s business insolvency process

Since October last year, Scroll has been (intermittently) reporting on how India’s insolvency proceedings are coming along. Cumulatively, these reports flag a couple of peculiar patterns. A lot of companies are up for sale — In a country with 7500 companies with a topline over Rs 250 crore, 2511 companies are slated for insolvency proceedings. […]

Is a monopoly taking shape in India’s port sector?

The mood in the Odisha port town of Paradip is turning grey. Ever since the Adani group bought the neighbouring port of Dhamra last May, people and companies dependent on the port are worried Paradip is being weakened to favour Dhamra. “I handle 70% of the cargo at Paradip. I have 1,000 employees,” said a […]

the expert non-appraisal committee

Monday’s order by the Gujarat High Court directing 12 units in the Mundra SEZ of the Adani Group to temporarily stop operations till the SEZ receives an environmental clearance is yet another indictment of the environment and forest ministry. The order, besides hauling up the Adani Group for allotting land to companies even before obtaining […]

the latest update on l’affaire adani ports, moef and sunita narain…

Adani Ports and SEZ has challenged the environment ministry’s decision to impose penalties on it for environmental violations, setting the stage for a faceoff between the government and the company, possibly even a legal battle. In a letter to the ministry dated October 14, a copy of which has been viewed by ET, APSEZ has […]

in which the environment ministry decides to ignore its own laws…

By slapping a Rs 200-crore penalty on the Adani Group for environmental violations, the ministry of environment and forests may be breaking its own laws, say environmental lawyers. According to Delhi-based environmental lawyer Ritwick Dutta, the two laws that define the penal framework for such violations — the Environment Protection Act (EPA) and the Environment […]