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Of the five assets, three will be physical paintings along with its non-fungible tokens (NFTs), and the remaining two will just be online assets. While the NFTs and physical paintings are priced at USD 110,000 (around Rs 85 lakhs), the NFT alone costs USD 5,000 (around Rs 4 lakhs).",
On a gross basis, the collection grew 22.58 per cent to Rs 16.68 lakh crore.",
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The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery."
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X Corp had earlier argued that the cost was excessive and would deter those seeking to challenge a similar blocking order. It had also disagreed with the court’s position that the blocking orders did not require reasons in writing. The bench had directed X Corp to deposit half of the Rs 50 lakh fine with the court to prove its bonafides and the company had complied recently."
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