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IL&FS moves NCLAT, seeks protection for group companies from wilful defaulter tag

CFO News

In its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks. IL&FS also charged banks of taking procedural action under the garb of the RBI guidelines, and "harassing the Directors of the IL&FS companies"

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Bajaj Hindusthan sugar proposes second restructuring plan

CFO News

The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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Google Reports Resurgence In Pandemic Hacking, Phishing

PYMNTS

Google’s security experts had their hands full in April, as its Threat Analysis Group ( TAG ) emailed 1,755 warnings to users whose accounts were targets, the California-based global technology company wrote on its blog Thursday (May 27).

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Google: State-Backed Hackers Behind Coronavirus Phishing Attempts

PYMNTS

Security experts at Google have identified over a dozen government-backed hacking groups trying to use the coronavirus pandemic to fuel malware and phishing attempts. Google’s Threat Analysis Group (TAG) said hackers had been targeting the World Health Organization (WHO), as revealed in early April by Reuters.

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The Impact Of The Coronavirus On US Shopping Malls

PYMNTS

Mall owners are closing shopping centers amid the coronavirus outbreak, and a trade group that represents them reports that closures are putting a strain on its members. All this, Today in Data.

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Uber Faces Lawsuit By British Drivers

PYMNTS

A group of Uber drivers in England have filed suit against the ride-hailing company for its alleged failure to provide access to data and an explanation of algorithmic management. based group, was filed in the District Court of Amsterdam, where Uber’s European headquarters is located.

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Court: Facebook Biometric Data Lawsuit Will Proceed

PYMNTS

The key issue is Facebook’s “Tag Suggestions,” which let users tag friends in previously uploaded photos. Facebook argued that each person’s claims were unique and should stand on their own merit as cases, but Circuit Judge Sandra Ikuta said that all the Illinois users could sue together as a group.

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